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55 Trowbridge Close

Shared ownership

Trowbridge Close, Swindon SN2 5BX, Swindon, sn2 5bx

For sale
Shared ownership
Photo of 55 Trowbridge Close
Live from space album cover

from

£105,750

with min. deposit

£5,288

45% Share from
£105,750
Full market price
£235,000
Minimum deposit
£5,288
Monthly rent
£265
Monthly service charge
£3.56

2 bedroom end of terrace house

ABOUT THE HOME

The entrance hall to this property is spacious, has vinyl flooring, a telephone point, and a downstairs W.C. to the left. The kitchen/dining room is located at the rear of the property and has a range of floor and wall units, an integrated oven, a hob, and an extractor fan. Spaces for a fridge/freezer and washer/dryer. A window above the stainless steel sink gives views out the side of the property. The kitchen/dining room has vinyl flooring and space for a dining table making this a practical room. The living room is located to the right of the property and has laminate flooring. This room has, TV, SKY/Cable and telephone …

Features

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

from

£105,750

with min. deposit

£5,288

45% Share from
£105,750
Full market price
£235,000
Minimum deposit
£5,288
Monthly rent
£265
Monthly service charge
£3.56
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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