***50% SHARED OWNERSHIP OPPORTUNITY*** Iconic estate agents are delighted to offer for sale this well presented shared ownership terrace property in this sought after Lenwade position. The property is offered on a 50% share basis and offers accommodation which comprises; spacious entrance hall, cloakroom, kitchen, stairs raising to the first floor and a 15ft lounge/diner with doors to the rear garden. Upstairs offers two double bedrooms off the landing both with fitted wardrobes and a separate three piece family bathroom suite. Outside the property benefits from two parking spaces to the front while to the rear there is a low maintenance enclosed sunny garden. The property is positioned on a modern development which boasts ample outside space and is within walking distance to the Village Hall, shops, local amenities and is on a bus route. £82,500 is a 50% share and a rent of £205.00 per month is paid in addition to the mortgage, this fee also includes the service charges and buildings insurance and the property is on a lease of 93 years. With shared ownership, you buy an initial % of the open market value and then you pay a reduced rent on the share that you do not own. There is potential to increase your share in the future through a process called ‘staircasing’, with the rent adjusted to reflect this. In some cases, you may be entitled to purchase a higher percentage, although some restrictions do apply.

All buyers must be eligible so to apply for a shared ownership home, you first will need to register with the local https://www.helptobuyagent3.org.uk/

You must meet the following criteria:

Annual income of less than £80,000

Unable to purchase a suitable home for your needs without assistance

Not a current Home Owner (or named on the deeds of another property) in the Uk or abroad

No outstanding credit issues (i.e unsatisfied defaults or ccj’s)