3 Bed House For Sale

The Byford is a spacious 3 bedroom home, built by Taylor Wimpey. There is a good sized living room to the front, while to the back of the home there is a large open plan kitchen/dining area with doors opening out onto the garden making this the perfect space for entertaining. An entrance hallway, downstairs WC and useful storage cupboard completes the ground floor. Upstairs, there are two double bedrooms, a family bathroom and a third bedroom, which would also make an ideal home office.

Financial Breakdown:
Full market value: £239,950
25% share value: £59,987.50
5% deposit: £3,000
Rent charged on un-owned share: 2.75%
Monthly Rent on un-owned share (75%) £412.51
Monthly Estimated service charge: £72.40

What is Shared Ownership?
If you can't afford the mortgage on 100% of a home, Shared Ownership offers you the chance to buy a share of your home (between 10% and 75%) and pay rent on the remaining share. Later on, you could buy bigger shares when you can afford to and, if you chose, own the property outright. Monthly costs to purchase via Shared Ownership are generally less than purchasing outright or renting, making it a fantastic option to get onto the housing ladder.
*Please note, images have been used for illustrative purposes only