* Leasehold
* Residents parking
* Open plan kitchen/living room
* Ready for immediate occupation
* Two double bedrooms
* Popular residential development
* New 125 year lease
Shared ownership
This ground floor apartment is available to buy for as little at £66, 000 for a
40% share.
Offered to the market stand this well sized two bedroom apartment in a popular
residential development in Chippenham.
This apartment offers a good sized entrance hall with good storage space, open
plan kitchen/living room, two double bedrooms, family bathroom with shower
over the bath.
This property also benefits from having one allocated parking space in a
shared parking area and no onward chain.
Pricing and affordability:
Full Market Value: £165, 000
40% Share Price: £64, 000 (rent £226. 88pcm)
50% Share Price: £82, 500 (rent £189. 06pcm)
75% Share Price: £123, 750 (rent £94. 53pcm)
Minimum 5% Mortgage Deposit (40% share): £3, 300
Approximate Service Charges: £100. 68 pcm*
**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.
At Great Mead you can buy a minimum 40% share of your home (the maximum you
can buy initially is 75%). When you’re ready, you can buy more shares until
you staircase to owning 100% of your home.
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.
Please note the minimum share you can purchase can vary depending on your
financial situation and you may be asked to purchase a larger share, should
your personal circumstances permit.
*Service charges are estimated and may subject to change.
** These photos are for information purposes only have been digitally
furnished to represent how the home could be laid out; the final
colours/appearance/specification may differ from the images. Furniture is not
included in the purchase price and the property is ‘sold as seen’.

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