Shared Ownership
This superb modern home is available to buy from as little as £128,000 with a 40% share!
Situated in a quiet cul-de-sac within this popular estate, this three bedroom end of terrace home is beautifully presented throughout and has a modern open plan kitchen and living room with French doors leading onto a private garden. There is a downstairs WC along with 2 large storage cupboards. Upstairs there are three good sized bedrooms, two of which have built in wardrobes. There is also a modern family bathroom with shower over bath. Outside there are two allocated parking spaces.
PLEASE NOTE A LOCAL AREA CONNECTION IS REQUIRED TO QUALIFY FOR THIS PROPERTY.
Tadpole Garden Village is a popular modern development to the North of central Swindon near Blunsdon with a big emphasis on large open spaces and wildlife corridors.
Blunsdon caters for everyday amenities and Millais Close is approximately 10-15 minutes by car to Swindon and its array of shops, cafes, restaurants and a lively nightlife.
There are various bus services in to nearby towns and villages and Swindon Train station provides links to London in as little as under an hour.
PRICING & AFFORDABILITY
Full Market Value: £320,000
40% Share Price: £128,000 (rent £406.61 pcm)
Minimum 5% Mortgage Deposit (% share): £6,400
Approximate Service Charges: £46.78 pcm*
Lease: 116 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.
** This home can also be purchased outright (100% of the value) which is £320,000 and a purchaser would not need to meet the eligibility criteria listed above.
