Shared Ownership in Yeovil, Somerset 2 bedroom House

  • £235,000

    Equity share: 40% / £94,000

United Kingdom, Somerset, BA20 1, Yeovil, 16 Park Gardens
Houses For Sale Shared Ownership

Shared Ownership in Yeovil, Somerset 2 bedroom House

United Kingdom, Somerset, BA20 1, Yeovil, 16 Park Gardens
  • £235,000

    Equity share: 40% / £94,000

Property Overview

  • House
  • Property Type
  • 2
  • Bedrooms
  • 1
  • Bathroom

Property Description

We are pleased to bring to the market this 2 bedroom House Shared Ownership. It is situated in Yeovil, Somerset and is available now.

 

16 Park Gardens, Yeovil, Somerset

This is a lovely 2 Bedroom property in a great location. The property boasts a generous sized kitchen with plenty of storage space and a good size family bathroom with a shower over the bath and downstairs WC. The property is a 7minute walk from the hospital and less than a 5 minute walk from the town. Great local amenities including schools, supermarket, and shops. Quiet, friendly cul-de-sac setting and designated 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: Thora Linham

Seller Contact Details: thoraclinham@hotmail.com or thoraclinham@hotmail.com. Tel 07397380769

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, (£32,514) which is based on the minimum deposit (£7,200) for this property. If you are placing a larger deposit, the minimum income will reduce. Always check with us if you are unsure whether you can afford the 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. You will also be required to complete a Stonewater application form. Further information on the financial assessment and application form will be provided.

 

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

Open on Google Maps
  • Address United Kingdom, Somerset, BA20 1, Yeovil, 16 Park Gardens
  • City Yeovil
  • County Somerset
  • Postal Code BA20 1FH

Details

Updated on May 23, 2024 at 12:01 pm
  • Property ID: MS-125037
  • Rental Amount Per Month: £338/Month
  • Bedrooms: 2
  • Bathroom: 1
  • Property Type: House
  • Property Status: Houses For Sale, Shared Ownership
  • Estimated Monthly Service Charge (£): 21.73
  • Value Of The Equity Share: 40% / £94,000
  • Overall Property Value: £235,000
  • Tenure: Leasehold
  • Council Tax Band: B

Contact Stonewater Homes Resales about: Shared Ownership in Yeovil, Somerset 2 bedroom House

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