Shared Ownership in Salisbury, Wiltshire 2 bedroom Apartment

  • £185,000

    Equity share: 40% / £74,000

United Kingdom, SP5 3, Salisbury, The Sidings
For Sale Shared Ownership

Shared Ownership in Salisbury, Wiltshire 2 bedroom Apartment

United Kingdom, SP5 3, Salisbury, The Sidings
  • £185,000

    Equity share: 40% / £74,000

Property Overview

  • Apartment
  • Property Type
  • 2
  • Bedrooms
  • 1
  • Bathroom

Property Description

We are pleased to bring to the market this 2 bedroom Apartment Shared Ownership. It is situated in Salisbury, Wiltshire and is available now.

7 The Sidings, Salisbury

A fantastic opportunity to purchase a well presented 2 bedroom apartment within walking distance to Salisbury City Centre. Shared ownership resale with the opportunity to buy a 40% share with the potential to purchase additional share up to 100%.

  • 2 bedrooms
  • Council tax band b
  • Lift access
  • Close to local amenities
  • Underground secure parking

Viewings

The seller is currently accepting viewings and if you would like to arrange a viewing, please contact the seller on the details below.

Seller Name: Emily Holloway and Sean Adams

Seller Contact Details: 07986045829 0787595114

As a shared ownership home, you will need to be eligible for Shared Ownership.

As a reminder, to be eligible for shared ownership you will need to evidence:

• your household income is £80,000 a year or less (£90,000 a year or less in London)
• you cannot afford all of the deposit and mortgage payments for a home that meets your needs
One of the following must also be true:
• you’re a first-time buyer
• you used to own a home but cannot afford to buy one now
• you’re forming a new household – for example, after a relationship breakdown
• you’re an existing shared owner, and you want to move
• you own a home and want to move but cannot afford a new home that meets your needs

Please take note of the minimum income, £28,526 and minimum deposit £6,200 for this property.

If you make a successful offer to the seller after your viewing, they will let us know and we will then be able to refer you for a financial assessment with an Independent Financial Advisor. This is compulsory for all Shared Ownership purchases and does not interfere with any mortgage arrangements you have already made. They will complete an assessment but you are not obliged to use them afterwards to arrange your mortgage, but can if you wish.

Please let us know if you need any further information and good luck with your viewing.

‘Please note, the majority of our shared ownership homes undergo a rent review in April 2024.  The review will depend on the shared ownership lease, but the majority will see a 9.4% uplift to the rent.  We will confirm the exact changes to the rent for this property as part of the sales process.’

Property Address

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  • Address United Kingdom, SP5 3, Salisbury, The Sidings
  • City Salisbury
  • County Wiltshire
  • Postal Code SP5 3QZ

Details

Updated on January 29, 2024 at 8:16 pm
  • Property ID: MS-118136
  • Rental Amount Per Month: £282/Month
  • Bedrooms: 2
  • Bathroom: 1
  • Property Type: Apartment
  • Property Status: For Sale, Shared Ownership
  • Estimated Monthly Service Charge (£): 74.29
  • Value Of The Equity Share: 40% / £74,000
  • Overall Property Value: £185,000
  • Tenure: Leasehold

Contact Stonewater Homes Resales about: Shared Ownership in Salisbury, Wiltshire 2 bedroom Apartment

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