We are pleased to bring to the market this 2 bedroom Apartment Shared Ownership Properties. It is situated in Moreton-in-Marsh, Gloucestershire and is available now

This modern apartment is available to buy from as little as £84,000 with a 40% share!

A charming apartment, situated within The heart of the town, a few moments walk away from the train station and high street. The well-presented accommodation comprises: entrance hall, an open plan living area/kitchen, family bathroom and two double bedrooms. The apartment benefits from ample storage space, a fantastic location and an allocated parking space .

Coachmans Court is located at the end of New Road, literally 200 yards from one of the most famous tree lined High Streets in the North Cotswolds with a wide range of shops, tearooms, hostelries, two supermarkets, two doctor’s surgeries and a community hospital. The development takes it name from its close proximity to the railway station in Moreton in Marsh with links to Oxford and London Paddington.

PRICING & AFFORDABILITY

Full Market Value: £210,000

40% Share Price: £84,000 (rent £288.75pcm)
50% Share Price: £105,000 (rent £240.63pcm)
75% Share Price: £157,500 (rent £120.31pcm)

Minimum 5% Mortgage Deposit (40% share): £4,200
Approximate Service Charges: £108.66pcm*
Shared Ownership Lease: approx 109 years
Council Tax Band: C

ELIGIBILITY

Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.

Local Connection to Cotswold district council. There is a local connection clause related to this property and this means that applications can only be received from someone with connection to the local area, via work, family or currently living in the borough in accommodation that does not fit their needs.

To be eligible for shared ownership you would need to meet the following criteria:

• Your annual household income does not exceed £80,000
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.

*Service charges are estimated and may subject to change.