3 Bed Detached House For Sale

SHARED OWNERSHIP 50% SHARE
Three bedroom house available to purchase from a 50% share from £137500 with a minimum 5% mortgage deposit of £6875. Call today to arrange your appointment to view. .

A well presented three bedroom semi detached house in the village of Ilton. The property offers the following accommodation,the ground floor you will find a lounge, spacious kitchen/diner and cloakroom with three bedrooms and a bathroom on the first floor. There is an enclosed garden to the rear with summer house and driveway parking to the front of the property.

Please note, to be eligible for this property you must be in need of Affordable Housing and you must have a strong location connection with the District of South Somerset. For more information on the Heylo qualifying criteria. Call
Full Market Value: £275,000
50% Share Price: £137500
If you buy a 50% share, the share purchase price will be £137500 and the rent will be £338.63 a month.

Service estate charge £35.00 per month
Buildings insurance £11.74 per month
Monthly Lease management Fee £26.23

Total monthly payment excluding rent £72.97
(these are subject to change during the purchase process)
Reservation Fee £500
You may purchase a higher share should you qualify to.

*The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller upfront payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright. When you’re ready, you can buy more shares until you staircase to owning 100% of your home.

Please note, as a Shared Ownership purchase there are likely to be additional legal fees during the conveyancing process, your solicitor can advise you of these.