House For Sale £110,000
Shared Ownership
This superb modern home is available to buy from as little as £110,000 with a 40% share!
A modern end terrace home being offered for sale with no onward chain and featuring a spacious lounge/diner, cloakroom, fitted kitchen, two double bedrooms, parking and a garden.
Marlborough is a historic market town and provides a range of shopping and leisure facilities including a twice weekly market and a Rick Stein restaurant. The area is well served with excellent schools including St John's Academy, Marlborough College, Dauntsey's and St. Francis. There are main line stations to London Paddington and the South West at Pewsey, Great Bedwyn (both about 5 miles) and Hungerford (about 10 miles).
The major commercial centres of Swindon, Andover and Newbury plus the M4, A303 and M3 are within easy reach. The countryside surrounding the town is designated as an Area of Outstanding Natural Beauty and includes the nearby Savernake Forest and the National Cycle Path.
PRICING & AFFORDABILITY
Approximate Size: 62 sq m
Full Market Value: £275,000
40% Share Price: £110,000 (rent £378.13pcm)
50% Share Price: £137,500 (rent £315.10pcm)
75% Share Price: £206,250 (rent £157.55pcm)
Minimum 5% Mortgage Deposit (40% share): £5,500
Approximate Service Charges: £20.29pcm*
Shared Ownership Lease: TBC
Council Tax Band: C
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.
At White Horse Road you can buy a minimum 40% share of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.
To be eligible for this shared ownership home you would need to meet the following criteria:
• Your 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.
• You have a local connection to Wiltshire Council (work in the area or have family in the area).
Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.
*Service charges are estimated and may subject to change.
* These photos are for information purposes only have been digitally furnished to represent how the home could be laid out; the final colours/appearance/specification may differ from the images. Furniture is not included in the purchase price and the property is ‘sold as seen’.
