The price shown is for the purchase of a 25% share of the full market value (£530,000).
£132,500 for a 25% share of £530,000 and a deposit as low as £6,625.
Full Market Value: £530,000
25% Share Value: £132,500
Minimum Deposit: £6,625
Rent on unowned share: £911 per month
Service charge: £256 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: £2,400.00
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