2 Bed Terraced House For Sale

Shared Ownership

This superb modern home is available to buy from as little as £130,000 with a 50% share!

Occupying a pleasant position within this modern development is a two bedroom end of terrace home. The property provides well-presented accommodation over two floors – the front door opens in to an entrance hall with storage and doors to the kitchen, downstairs WC and living/dining room. Upstairs, there are two double bedrooms and a bathroom. Outside, there are two allocated parking spaces and at the rear of the property is a private, neat and tidy garden.

Ludgershall is located on the Eastern Edge of Salisbury. There are several independent shops and two local pubs as well as two primary schools and a medical practice.
The larger town of Andover is just 5 miles away (10-15 minutes by car). Here you’ll find a variety of shops, cafes and restaurants.
Andover Train Station is a key transport hub with services connecting Andover to London Waterloo (via Basingstoke) in about 1 hour 10 minutes. Connections to Exeter, Salisbury, and Southampton are also available. Andover is served by multiple bus services connecting the town with surrounding areas, including services to Salisbury, Basingstoke, Winchester, and Stockbridge.

PRICING & AFFORDABILITY

Full Market Value: £260,000

50% Share Price: £130,000 (rent £318.80 pcm)
Minimum 5% Mortgage Deposit (50% share): £6,500
Approximate Service Charges: £41.35 pcm*
Lease: 117 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 £260,000 and a purchaser would not need to meet the eligibility criteria listed above.