A wonderful opportunity to purchase a 25% share of this BEAUTIFULLY PRESENTED first floor apartment. Features include a lovely open plan kitchen/living area, ALLOCATED PARKING and NO ONWARD CHAIN. Full market value £195,000. Rent on 25% of remaining equality share £335.16 per month.
This superb apartment, which has been recently redecorated, offers light and airy accommodation comprising an entrance hallway, generously sized open plan sitting room and fitted kitchen, two double bedrooms and a bathroom with fitted white suite. The front aspect faces west and enjoys pleasant views over the surrounding area from the main bedroom and sitting room.
The property benefits from one allocated parking space.
All mains services are connected and benefits from double glazing throughout.
CURRENT SERVICE CHARGE ESTIMATE
£78.91 per month
Rent on 30% of remaining equality share is £312.81 pcm
Full Market Value £195,000
25% Share £48,750
Rent on 25% of remaining equality share £335.16 per month
Current Service Charge estimate £79.64 per month
PRICING & AFFORDABILITY
30% Share Price: £58.,500 (rent £312.81pcm)
50% Share Price: £97,500 (rent £223.44pcm)
75% Share Price: £146,250 (rent £111.72pcm)
Minimum 5% Mortgage Deposit (25% share): £2,437.50
The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller up front payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase. The combined mortgage and rent is usually less than you'd expect to pay if you bought a similar property outright.
At Cunetio Gardens you can buy a minimum 30% share of your home (lower initial shares can also be considered). The maximum you can buy initially is 75% but when you're ready, you can buy more shares until you staircase to owning 100% of your home.
The share you can initially buy will be determined by a Homes England affordability assessment.
To be eligible for this shared ownership home you would need to meet the following criteria:
• Your 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.
Marlborough is a historic market town and provides a range of shopping and leisure facilities including a twice weekly market and a Rick Stein restaurant. The area is well served with excellent schools including St John's Academy, Marlborough College, Dauntsey's and St. Francis. There are main line stations to London Paddington and the South West at Pewsey, Great Bedwyn (both about 5 miles) and Hungerford (about 10 miles). The major commercial centres of Swindon, Andover and Newbury plus the M4, A303 and M3 are within easy reach. The countryside surrounding the town is designated as an Area of Outstanding Natural Beauty and includes the nearby Savernake Forest and the National Cycle Path.