Shared Ownership
This superb modern home is available to buy from as little as £160,000 with a 40% share!
This well presented semi detached home occupies a modern residential setting and offers well planned accommodation. The accommodation comprises an entrance hall with ground floor cloakroom, a kitchen diner with a separate lounge that runs across the back of the house with a door out to the rear garden.
Upstairs, the first floor comprises a bright landing leading to three bedrooms and a modern family bathroom. Externally is a driveway to the side of the house with off road parking for two cars and at the rear is an enclosed garden.
Wimborne is a charming and historic market town known for its community atmosphere and attractive surroundings. The town centre is just a short distance away, offering a variety of independent shops, cafés, restaurants, and supermarkets. The area also benefits from reputable schools, medical facilities, leisure centres, and scenic riverside walks.
The property is well positioned for commuters, with easy access to main road routes connecting to Poole, Bournemouth and the wider Dorset area. Regular bus services operate nearby, providing convenient public transport into Wimborne town centre and surrounding districts. Rail connections can be found at Poole and Bournemouth stations, offering direct links to London and other major cities. Bournemouth Airport is also within comfortable driving distance, providing national and international flight options.
PRICING & AFFORDABILITY
Full Market Value: £400,000
40% Share Price: £160,000 (rent £501.29pcm)
Minimum 5% Mortgage Deposit (40% share): £8,000
Approximate Service Charges: £21.53pcm*
Lease: 119 years remaining
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/£90,000.
• 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.
LOCAL AREA CONNECTION
Buyers must have either lived and/or worked in the Dorset Council area for at least TWO consecutive years. Proof of local area connection will be required as part of the reservation process.
*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.
