2 Bed Apartment For Sale

Shared Ownership

This superb modern home is available to buy from as little as £82,500 with a 50% share!

An immaculate ground floor apartment within this modern development in Calne, Wiltshire. There are two spacious bedrooms, both with built in wardrobes, and a modern bathroom. A bright and spacious kitchen/dining/living space provides open plan living enjoying a double aspect. This property has been beautifully kept by the current owners and offers no onward chain complications. Outside there is allocated parking for one car.

Calne is a residential town with local shops, schools, and growing small businesses. Nearby larger towns include Chippenham, Devizes, Marlborough, and Swindon which all offer an array of amenities and services.
The closest train station to the property is Chippenham Railway Station which is approximately 5 miles away and runs regular connections to London, Bath, Bristol, and beyond.

PRICING & AFFORDABILITY

Full Market Value: £165,000

50% Share Price: £82,500 (rent £86.14 pcm)
Minimum 5% Mortgage Deposit (50% share): £4,125
Approximate Service Charges: £190.01 pcm*
Lease: 115 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 £165,000 and a purchaser would not need to meet the eligibility criteria listed above.