* Leasehold
* Balcony
* Underground parking
* Central heating
* Double glazing
This first floor, two bedroom apartment is an ideal opportunity to get on to
the property ladder with Hastoe. It is being sold under the shared ownership
scheme whereby you purchase a share in the property and pay a reduced rent on
the remaining Hastoe equity.
EPC= B86
Term remaining on lease: 113 years
Property features:
Two parking spaces
Fitted kitchen
Ground Source Heat Pump
Double glazing
Over - bath shower
Private terrace
Kitchen / Living Room: 7. 54m x 3. 99m
Bathroom: 2. 03m x 2. 01m
Bedroom 1: 3. 9m x 3. 19m
Bedroom 2: 4. 16m x 3. 48m
Private terrace: 6. 49m x 3. 93m
Purchase Requirements:
Be a first time buyer or not currently own a property.
Demonstrate you meet the minimum income requirements.
Demonstrate a deposit sufficient to obtain a mortgage for the property.
Be eligible for the Shared Ownership scheme.
Costs:
Full Market Price: £275, 000
Minimum Share: 30%
Share Value: £82, 500
Monthly Rent: £389. 19
Service Charge pcm (including buildings insurance): £84. 33
Total Monthly Charge: £473. 52
Next rental increase: April 2024
Apply online via the Hastoe sales website
What is shared ownership?
Shared ownership is a scheme designed to help those who wouldn’t otherwise be
able to purchase a home of their own. This may be because you can’t meet the
full mortgage repayments, save a sufficient deposit, or both. With shared
ownership, you buy a percentage of your home and pay a reduced rent on the
share you don’t own
How does shared ownership work?
You will buy a percentage share of a home, independently priced at market
value. Hastoe will charge you rent on the share you don’t own plus a service
charge. This service charge covers things like buildings insurance and estate
maintenance.
If you eventually own your home outright, you’ll no longer pay rent, but may
continue to pay a service charge.
About Hastoe:
Hastoe owns and manages over 7, 500 homes in 70 local authority areas. Our
properties are predominantly rural and we specialise in providing sustainable
and affordable rural housing to enable local people to remain within their
communities.

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