BRAND NEW BUILD***VILLAGE LOCATION***SHARED OWNERSHIP*** Situated in a much sought after location just off Rose Tree Paddock within the village of Berrow, we are delighted to offer to the market this two bedroom shared ownership property located in the exciting new development of 'Berrow Gardens'. The two bedroom property briefly comprises a lounge, kitchen/diner, downstairs cloakroom, two well proportioned bedrooms and a bathroom. Outside there is allocated parking and a garden.
**Please note there is eligibility criteria which will need to be met to qualify for this property. In the first instance; An Affordable Housing Unit will only be allocated to a person who has immediately prior to such allocation been ordinarily resident/living within the parish of Berrow ('the Parish') for the previous five (5) years or they have within the last five (5) years previously resided in the parish.
All Sizes Are Approximate The Accommodation Comprises: -
Lounge - 3.76m x 3.73m (12'4" x 12'3")
Kitchen/Dining Room - 3.76m x 2.60m (12'4" x 8'6")
Will be fitted with a Moore's kitchen. ** Please note kitchen and white goods shown are for illustrative purposes only**
First Floor Landing -
Bedroom One - 3.78m x 3.78m (12'5" x 12'5")
Bedroom Two - 3.78m x 2.57m (12'5" x 8'5")
Bathroom - 2.03m x 1.73m (6'8" x 5'8")
Agents Note: -
Management/Service charges estimated to be in the region of £....... per annum (TBC)Apportioned Rent: £260.42 PCM Our appraisal for this site was (based on 2.5% of unsold equity at full value of £250,000)Shared ownership eligibility:There are some general eligibility requirements that anyone wishing to buy a shared ownership home must meet. The general eligibility criteria for shared ownership is as follows:-1) You must be at least 18 years old2) Your annual household income must be less than £80,000 per annum3) You should be registered with Help to Buy4) You should be registered with Homefinder Somerset5) You should generally be a first time buyer. i.e. you do not already own a home or releasing an affordable home elsewhere. If you do already own a home, you must be in the process of selling that property and provide details of the circumstances under which you are selling. 6) You should not be able to afford to buy a home suitable for your housing needs on the open market.7) You must show that you are not in mortgage or rent arrears.8) You must be able to demonstrate that you have a good credit history (No bad debts or country court judgements) and can afford the regular payments and costs involved in buying a home.You should have savings or be able to easily access at least £4000.00 to cover the cost of buying a home. This is a guide line figure - the actual amount you need will depend on the help to buy option you choose.In most cases you will also need to have enough savings to be able to easily access a minimum 5% of the equity share you are buying as a deposit. Please note the solar panels shown will come with the purchase of the property and are not leased. However, any on going maintenance will be the responsibility of the home owner.An Affordable Housing Unit will only be allocated to a person who has immediately prior to such allocation been ordinarily resident/living within the parish of Berrow ('the Parish') for the previous five (5) years or they have within the last five (5) years previously resided in the parish.