EPC= B88
Term remaining on lease: 121 years
Property features:
Allocated parking space
Private garden
Fitted kitchen
Gas central heating
Double glazing
Over-bath shower
Downstairs WC
Kitchen: 4.57m x 3.83m
Living room: 4.57m x 3.31m
Bathroom: 2.2m x 2.1m
Bedroom 1: 4.57m x 3.31m
Bedroom 2: 4.57m x 2.16m
WC: 2.42m x1.31m
Garden: 8.03m x 4.64m
Purchase Requirements:
Be a first time buyer or not currently own a property.
Demonstrate you meet the minimum income requirements.
Demonstrate a deposit sufficient to obtain a mortgage for the property.
Be registered with your Help to Buy agent
Costs:
Full Market Price: £325,000
Minimum Share: 41%
Share Value: £133,250
Monthly Rent: £450.50
Service Charge pcm (including buildings insurance): £48.04
Total Monthly Charge: £498.54
Next rental increase: April 2021
Apply online via the Hastoe sales website
What is shared ownership?
Shared ownership is a scheme designed to help those who wouldn’t otherwise be able to purchase a home of their own. This may be because you can’t meet the full mortgage repayments, save a sufficient deposit, or both. With shared ownership, you buy a percentage of your home and pay a reduced rent on the share you don’t own
How does shared ownership work?
You will buy a percentage share of a home, independently priced at market value. Hastoe will charge you rent on the share you don’t own plus a service charge. This service charge covers things like buildings insurance and estate maintenance.
If you eventually own your home outright, you’ll no longer pay rent, but may continue to pay a service charge.
About Hastoe:
Hastoe owns and manages over 7,500 homes in 70 local authority areas. Our properties are predominantly rural and we specialise in providing sustainable and affordable rural housing to enable local people to remain within their communities.
