House For Sale £55,000
The Barcelona is a modern semi-detached home designed with growing families in mind, spread across three floors. The ground floor is all about connecting with your family. Discover a spacious kitchen/diner, flooded with light from its dual-aspect windows. The generous living room has room for all the family to get together, and French doors leading onto the garden, makes it perfect for enjoying sunny days and hosting barbecues.
The first floor boasts two generous double bedrooms and a family bathroom with a full-size bath. Upstairs you'll find the bright and airy main bedroom with ensuite and an additional double bedroom. This space offers flexibility to accommodate a little one close by, create a home office, or even a snug or large dressing room - the choice is yours!
Home specifications
A modern kitchen including:
- Oven and extractor
- Induction hob
- Integrated appliances
A modern bathroom and en-suite featuring:
- Modern sanitaryware
- Shower to en-suite
Everything else:
- Outside tap to garden
- Landscaped front garden
Shared Ownership
Shared ownership is a government-backed scheme that makes it easier for you to buy an affordable stake in a property.
The share you buy is dependent on your financial and personal circumstances. It can be from a minimum of 25% to a maximum of 75% share of the full market value of the property. You may be able to buy further shares at a later stage and in most instances you will be able to buy up to 100% of the shares in your home and own it outright. However, in some cases there may be restrictions on when you can buy a further share or on the maximum total share you can own.
Do I Qualify?
You qualify for shared ownership if you:
Have a household income of under £80,000 (less than £90,000 in London)
Don’t currently own your home and can’t afford to on the open market
Can afford the minimum deposit
Pass an affordability check to make sure you can get a mortgage
* The full market value of this home is £220,000 but, with shared ownership, you could purchase an initial 25% share for just £55,000 and pay a monthly rent on the remaining share. If you’re buying with a mortgage you may only need a deposit of 5% of the amount you borrow, meaning your deposit could be as low as £2,750.
