Shared Ownership
This superb modern home is available to buy from as little as £187,500 with a 50% share!
Situated in the sought-after village of Langford, this well-presented three-bedroom home offers spacious and versatile accommodation, ideal for families and first-time buyers alike.
The ground floor features a welcoming entrance hall, a modern kitchen/dining room and a generous dual-aspect sitting room with direct access to the rear garden, creating an excellent space for both everyday living and entertaining. A convenient cloakroom completes the ground floor.
This home is offered to the market with no onward chain complications
Upstairs, the property offers three well-proportioned bedrooms, served by a family bathroom.
Outside, the home benefits from a private rear garden, perfect for relaxing or outdoor dining, along with allocated parking. Ideally located close to local amenities, well-regarded schools and transport links, this is a fantastic opportunity to enjoy village living with excellent connectivity.
PRICING & AFFORDABILITY
Full Market Value: £375,000
50% Share Price: £187,500 (rent £503.11 pcm)
Minimum 5% Mortgage Deposit (% share): £9,375
Approximate Service Charges: £44.24pcm*
Lease: 117 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.
