Shared Ownership
This superb modern home is available to buy from as little as £127,500 with a 50% share!
A well-proportioned three-bedroom house offering approximately 952 sq ft of accommodation, together with two parking spaces. The ground floor features a generous separate lounge alongside a spacious kitchen/dining room, providing plenty of room for everyday dining and entertaining, with a convenient downstairs WC completing the ground floor.
Upstairs are three bedrooms, including an impressive principal bedroom extending to approximately 15'1" at its maximum, alongside two further bedrooms and the family bathroom. The combination of separate living and dining spaces, good-sized bedrooms and useful storage makes for a practical and versatile layout.
Situated in North Petherton, the property is conveniently positioned for a range of everyday amenities, including local shops, a Tesco Express and North Petherton Community Primary School. Bridgwater is approximately three miles away and provides a wider selection of shopping, leisure and transport facilities, with Bridgwater railway station providing mainline connections and the M5 also readily accessible.
PRICING & AFFORDABILITY
Full Market Value: £255,000
40% Share Price: £127,500 (rent £310.41pcm)
Minimum 5% Mortgage Deposit (50% share): £6,375
Approximate Service Charges: £47.45pcm*
Lease: 988 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:
• You must either live, work or have a close family connection to the Sedgemoor area.
• 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.
Council Tax Band C
