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52 Freemantle Road

Shared ownership

52 Freemantle Road, Romsey, SO51 0AX

For sale
Shared ownership
Photo of 52 Freemantle Road
Live from space album cover

from

£126,000

with min. deposit

£6,300

40% Share from
£126,000
Full market price
£315,000
Minimum deposit
£6,300
Monthly rent
£362
Monthly service charge
£11.2

2 bedroom terraced house

You are welcomed into the entrance hall of this lovely home, which has engineered wooden flooring and is where you will find the downstairs WC.  The stairs and access to the kitchen and living room can also be found off this space.

The engineered wood flooring is continued into the living room which offers a modern bright area to relax. There is also space for a dining table, if you desired.

The kitchen benefits a range of fitted wall and base units, providing lots of storage space. There is a gas hob and oven, extractor fan and spaces for a fridge/freezer and washer/dryer. The stainless steel sink and drainer is situated under the window …

Features

Allocated parking

Private Garden

Bedrooms2
Bathrooms1
Reception rooms1
Furniture statusunfurnished
Number of floors2
Entrance floorGround floor
Tenureleasehold
Lease years115
EER Current81
EIR Current81

from

£126,000

with min. deposit

£6,300

40% Share from
£126,000
Full market price
£315,000
Minimum deposit
£6,300
Monthly rent
£362
Monthly service charge
£11.2
Aster

Aster

FAQs

Shared ownership is a government-backed scheme, designed to make stepping onto the property ladder more affordable. You buy a portion of a home normally with a mortgage and a deposit, and pay a low-cost rent on the rest.

Read more on the Shared Ownership FAQ

Help to Buy is an equity loan scheme to help you buy a new home. If you have a 5% deposit and can cover 75% of the value of the home with a mortgage (or 55% in London), the Government will lend you up to the remaining 20% (40% in London) in the form of an equity loan that carries 0% interest in the first 5 years. This is available on a variety of new-build properties for first time buyers and is subject to the property price, the subsequent price cap in that region and the developer offering the option.

You can read more on the Help to Buy FAQ

The rules for shared ownership are different to a private purchase. In short, as long as you don’t currently own, or won’t own another property when you move in to a new home, you’re likely to qualify. Help to Buy is available to first time buyers only and the property value itself must fall below a price threshold for that specific area which varies in terms of the average house price in the region.

Read more about eligibility in the FAQ

Some properties require you to live or work in the local area in order to be eligible to buy them. By knowing the areas in which you live and work, we can make sure you see everything available to you.

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