Farnborough Road, Locking, Weston-super-Mare, Somerset, BS24 Property for sale

***SHARED OWNERSHIP - 40% SHARE***

One bedroom ground floor flat available to purchase from a 40% share from £72,000 with a minimum 5% mortgage deposit of £3600. Call today to arrange your appointment to view.

Example:

Full Market Value: £180,000

40% Share Price: £72,000

Rent on un-owned share £73.47 PCM

Service charge £362.50 PCM

Estate charge £0.00

Buildings insurance £9.91 PCM

LiveWest Management Charge £15.00 PCM

Reserve fund payment £0.00

THERE IS A LOCAL AREA RESTRICTION AS TO WHO CAN BUY THIS PROPERTY, PLEASE CONTACT US TO DISCUSS.

You may purchase a higher share should you qualify to.

This one bedroom ground floor apartment is located in Farnborough Road on the popular Locking Parklands estate. The property benefits from a spacious open plan living room/kitchen area with fitted units and space for all appliances. From the living room area there is an outside terrace overlooking green space which is perfect for the summer evenings. There is a generous double bedroom and a contmeporary bathroom. Further benefits include ample storage in the hallway, double glazing and gas central heating. There is also allocated off road parking.

*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.