Shared Ownership in Wool, Dorset 2 bedroom Flat

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Shared Ownership in Wool, Dorset 2 bed flat – £76,000 for a 40% share

Stonewater Homes are marketing this lovely shared ownership property on behalf of the vendor.

Key Features of this Part buy Part rent home

This is a 2 Bedroom second floor flat that consists of an entrance hallway, open plan kitchen/ living room, 2 bedrooms and a family bathroom. Externally there is one allocated parking space and a shared garage for bike storage.

There is a 40% share available for £76,000 with the ability to purchase additional shares of up to 100%. Service charges and rent at the property amount to £286.76 EPC rating is current ‘C’ with Gas Fired Central Heating / hot water system.

Externally there is use of a car parking space.

Location of this Dorset property

The property is located in Wool which offers all local amenities and a train station. There are 2 primary schools and the property is just a 15 minute drive from the coast and a 12 mile drive to Weymouth.

Eligibility

Shared Ownership homes are aimed at first time buyers or those who used to own a home, but are unable to buy one at the moment. It’s a way to get your foot on the property ladder enabling you to buy your first home.

• You are eligible if you have a household income that is less than £80,000 per year (in London it is less than £90,000).
• You don’t have to get a massive deposit because you will only need a mortgage for the share you are buying.
• The share of a property typically starts at 25% which you can take out a mortgage for, although the amount of share available to buy will be dependent on the housing provider.
• In addition you be required to pay a reduced rent as well as a mortgage.

Are you interested in this shared ownership property? Please fill in the form and we will get back in touch. Thank you.

Property listed on MovingSoon.co.uk by Stonewater Homes Resales.

Please make sure you include a contact number and email address as well as quoting Property ID (#71949) when submitting your enquiry.