Shared Ownership
This superb modern home is available to buy from as little as £145,000 with a 50% share!
A well-proportioned three-bedroom home offering approximately 914 sq ft of accommodation, with a private rear garden and a driveway providing off-road parking for two cars. The ground floor comprises a welcoming entrance hall, separate reception room and a spacious kitchen/dining room, together with a useful downstairs WC and storage.
Upstairs are three bedrooms and a family bathroom, with the principal bedroom and second bedroom both offering particularly good proportions. The layout provides a good balance of living and bedroom space, while the kitchen/dining room provides direct access to the rear garden.
The property is situated in the popular Brockworth area, conveniently positioned for a range of everyday amenities, including shops and services around Gloucester Business Park. The location also provides good road access towards both Gloucester and Cheltenham, as well as the M5, while Gloucester railway station is approximately 5.4km away.
PRICING & AFFORDABILITY
Full Market Value: £290,000
50% Share Price: £145,000 (rent £421.49pcm)
Minimum 5% Mortgage Deposit (50% share): £7,250
Approximate Service Charges: £35.54pcm*
Lease: 96 years
ELIGIBILITY
Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.
To be eligible for shared ownership you would need to meet the following criteria:
• Your annual household income does not exceed £80,000
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.
*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.
