Property description

Property features:
Two allocated parking spaces

Fitted kitchen

Double glazing

Over-bath shower

Central Heating

Private Garden

Kitchen: 4.00m x 1.65m

Living Room: 4.00m x 3.65m

Bathroom: 2.00m x 2.00m

Bedroom: 3.15m x 3.00m

Landing: 1.90m x 1.00m

Garden: 11m x 8m

Purchase Requirements:
Be a first time buyer or not currently own a property.
Demonstrate you meet the minimum income requirements.
Demonstrate a deposit sufficient to obtain a mortgage for the property.
Be registered with your Help to Buy agent

Costs:
Full Market Price: £220,000
Minimum Share: 50%
Share Value: £110,000
Monthly Rent: £154.13
Service Charge pcm (including buildings insurance): £7.44
Total Monthly Charge: £161.57
Next rental increase: August 2022

Apply online via the Hastoe sales website

What is shared ownership?
Shared ownership is a scheme designed to help those who wouldn’t otherwise be able to purchase a home of their own. This may be because you can’t meet the full mortgage repayments, save a sufficient deposit, or both. With shared ownership, you buy a percentage of your home and pay a reduced rent on the share you don’t own

How does shared ownership work?
You will buy a percentage share of a home, independently priced at market value. Hastoe will charge you rent on the share you don’t own plus a service charge. This service charge covers things like buildings insurance and estate maintenance.

If you eventually own your home outright, you’ll no longer pay rent, but may continue to pay a service charge.

About Hastoe:
Hastoe owns and manages over 7,500 homes in 70 local authority areas. Our properties are predominantly rural and we specialise in providing sustainable and affordable rural housing to enable local people to remain within their communities.
Amenities

Private garden

Off street parking

Central heating

Double glazing