£112,000
2 bed terraced house for sale
Foxglove Way, Bridport DT6Shared ownership
Leasehold
2 beds
1 bath
EPC Rating: C
Key information
Tenure
Leasehold (104 years)
Service charge
£20 per month
Council tax band
B
Ground rent
£0
Ground rent date of next review
Shared ownership details
This two bedroom terraced house, is an ideal opportunity to get on to the property ladder with Hastoe. It is being sold under the shared ownership scheme whereby you purchase a share in the property and pay a reduced rent on the remaining Hastoe equity. EPC= C71 Term remaining on lease 104 years
Shared ownership percentage owned
40%
Shared ownership rent
£278 per month
About this property
Private garden
Off street parking
Central heating
Property features:
Allocated parking space
Private garden
Fitted kitchen
Gas central heating
Double glazing
Over-bath shower
Kitchen / Diner: 3.96m x 2.96m
Living room: 4.06m x 2.93m
Bedroom 1: 3.94m x 2.36m
Bedroom 2: 2.94m x 2.63m
Bathroom: 1.97m x 1.92m
Purchase Requirements:
Be a first time buyer or not currently own a property.
Have a local connection to the area.
Demonstrate you meet the minimum income requirements.
Demonstrate a deposit sufficient to obtain a mortgage for the property.
Be eligible for the shared ownership scheme.
Costs:
Full Market Price: £280,000
Minimum Share: 40%
Share Value: £112,000
Monthly Rent: £258.47
Service Charge pcm (including buildings insurance): £19.99
Total Monthly Charge: £278.46
Next rental increase: November 2024
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
.
This property has restricted staircasing to ensure the property remains affordable for future generations of local people.
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.
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.
More information
Listed by
Hastoe Housing - Resale Properties
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