3 Bed Detached House For Sale

Shared Ownership

This superb modern home is available to buy from as little as £157,500 with a 50% share!

This well presented three bedroom semi detached house is located in Stalbridge. On the ground floor, the accommodation comprises entrance hall, living room, downstairs WC and modern kitchen/dining room. Upstairs there are three bedrooms, a family bathroom and ensuite shower room to the master bedroom. Outside, there is a garage and driveway parking for two cars. To the rear of the property is a good size private garden.

Stalbridge has a selection of local shops, including a post office, grocery stores, and independent retailers. There is also a pharmacy, and small businesses catering to various needs, such as gift shops, pubs and cafes.
Stalbridge has good road connections, with bus services connecting the town to surrounding areas like Sturminster Newton, Sherborne, and beyond. For longer journeys, rail services are available from nearby stations like Sherborne, which is part of the main line between London and Exeter.

PRICING & AFFORDABILITY

Full Market Value: £315,000

50% Share Price: £157,500 (rent £524.49pcm)
Minimum 5% Mortgage Deposit (50% share): £7,875
Service Charge: £18.25 pcm
Shared Ownership Lease: approx. 121 years

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.

To be eligible for shared ownership you would need to meet the following criteria:

• Your annual 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.

*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.

** This home can also be purchased outright (100% of the value) which is £315,000 and a purchaser would not need to meet the eligibility criteria listed above.