What is Shared Ownership?
|Minimum share price||£110,000|
|Full market price||£275,000|
|Monthly service charge||£22|
Shared Ownership is a type of affordable home ownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.
For example, someone might buy a 50 per cent share in a property and pay rent to the landlord on the remaining 50 per cent. Purchasers then have the opportunity to ‘staircase’ up their share of the property, gradually increasing the proportion of their home that they own outright and therefore paying less rent on the remaining portion, until they own 100 per cent of their home.
At the front of the property, there is an open plan kitchen/dining room, as well as a WC and stairs off the hallway. At the rear, there is a living room with a door that opens up onto the garden.
At the top of the stairs, there is a family bathroom off the landing, with one bedroom at the front of the property and one at the back.
This property has two allocated parking spaces, and a fully enclosed rear garden.
*While we endeavour to make our property descriptions and plans fair, accurate and reliable, they are only a general guide to the property and may be subject to change.
**Buyers will need to have a local connection to the Wiltshire Council Area (living working or have immediate family in Wiltshire).