Shared Ownership available in Cheddar, Somerset – 2 bed shared ownership house available for £85,200 for 40% share
Key features of this Shared Ownership property
Stonewater Homes are marketing this lovely shared ownership property on behalf of the vendor. This is a 2 Bedroom, Semi-Detached that consists of an entrance hallway, downstairs cloakroom, kitchen, living room, 2 bedrooms and family bathroom. There is a 40% share available for £85,200.00 with the ability to purchase additional shares of up to 100%. Service charges and rent at the property amount to £301.37. EPC rating is current ‘B’ with Gas central heating.
Externally you will find a enclosed rear garden with a mix of patio and stones, and allocated parking for 2 cars.
The property is located with a play park at the end of the road and in walking distance of village amenities. Also within close proximity of the property you will find a reservoir, Strawberry line, and Cheddar Gorge.
EligibilityShared 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.
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 (#91701) when submitting your enquiry.
- New Build Homes
- Shared Ownership Resales
Longmead, Cheddar BS27 3FQ, BS27 3FQ
- Overall Property Price
- £ 213,000
- Shared Ownership Amount From
- 40% / £ 85,200
- Rental Price
- £ 292.88 per month / 67.64 per week
- Estimated Monthly Service Charge
- £ 28
- Semi-Detached House
- Shared Ownership
- Somerset / Cheddar
- Energy Rating
- Date Listed
- Estimated Available From Date
- Property Views
Contact Stonewater Homes Resales about:
Shared Ownership in Cheddar, Somerset
2 bedroom Semi-Detached House