Shared Ownership
This superb modern home is available to buy from as little as £106,000 with a 40% share!
Nestled within a popular residential setting in Shaftesbury, this well presented three bedroom home offers spacious and versatile accommodation arranged over two floors. The ground floor comprises an entrance hall, cloakroom, a generous living room and a bright kitchen/diner to the rear with direct access to the garden. Upstairs, the property features three bedrooms and a bathroom. Externally is off road parking an enclosed rear garden.
Maple Road is situated within easy reach of Shaftesbury town centre, one of Dorset’s most charming market towns, famed for its historic character and picturesque surroundings. Residents can enjoy a range of independent shops, cafés, supermarkets, pubs and restaurants, as well as nearby green spaces and countryside walks. The area also benefits from well regarded local schools and convenient everyday amenities.
The property is well connected for travel, with nearby road links providing access to Gillingham, Salisbury and the wider South West via the A30 and A350. Mainline rail services can be found at Gillingham Railway Station, offering direct connections towards London Waterloo and Exeter, making the location suitable for commuters as well as those looking to enjoy Dorset’s beautiful countryside lifestyle.
PRICING & AFFORDABILITY
Full Market Value: £265,000
40% Share Price: £106,000 (rent £382.52pcm)
Minimum 5% Mortgage Deposit (40% share): £5,300
Approximate Service Charges: £46.70pcm*
Lease: 118 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.
• 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
Buyer must have a local area connection in order to be eligible. This can be by way of living and/or working in the local borough of Dorset or having immediate family who are currently living. Proof will be required of a local area connection.
*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.
