Shared Ownership
Property Details
2 x three bedroom houses £300,000
50% share for shared ownership sale
Price of share £150,000
Rent on remaining 50% £343.75 per calendar month
Service Charge £14.16 per calendar month
Option to buy further shares
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1 x two bedroom house
50% share for shared ownership sale
£240,000 FMV, Price of 50% share £120,000
Rent on remaining 50% £275.00 per calendar month
Service Charge £14.16 per calendar month
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Features of the Property
Kitchen/Diner
Lounge
3 bedrooms
Bathroom with shower over bath
Downstairs WC
Gas Central Heating
Solar panels
Underfloor heating
Garden shed
Turfed back garden
Parking for two cars
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Eligibility Criteria – Connection to the Area
Completion Due July 2020
| Full Market Value | 50% Share | Rent on Remaining 50% | 75% Share | Rent on Remaining 25% | |
| 4x3 bed semi-detached house | £240,000 | £120,000 | £275.00 | £180,000 | £137.50 |
| 2x2 bed semi-detached house | £220,000 | £110,000 | £252.08 | £165,000 | £126.04 |
Am I eligible?
Priority will be given to those with a connection to the village of Bawdsey and surrounding area.
Applicants will need to register with the Shared Ownership Help to Buy Agent www.helptobuy3.org.uk
You are advised to seek independent mortgage advice, details of local Independent Financial Advisors (IFAs) can be found on the help to buy website.
