The price shown is for the purchase of a 25% share of the full market value (£505,000).
£126,250 for a 25% share of £505,000 and a deposit as low as £6,313.
Full Market Value: £505,000
25% Share Value: £126,250
Minimum Deposit: £6,313
Rent on unowned share: £868 per month
Service charge: £253 per month
Council Tax Band: TBC
What is Shared Ownership?
Shared Ownership involves buying anywhere from 25-75% of a home and paying rent on the other part to a housing association like Sage. You could go on to buy 100% of it in the future once you can afford to – though you don’t have to. It’s up to you.
Tenure: Leasehold
Initial ground rent: £0.00
Service charge: £3,032.76
Estate management fee: £0.00
Lease length: 250 years
Council Tax Band: TBC - Council Tax Band will be confirmed by the local authority on completion of the property