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Coleridge Drive 70071022

Shared ownership

Coleridge Drive, Fareham, PO15 7NN

For sale
Shared ownership
Photo of Coleridge Drive 70071022
Live from space album cover

from

£177,500

with min. deposit

£88,750

50% Share from
£177,500
Full market price
£355,000
Minimum deposit
£88,750
Monthly rent
£297
Monthly service charge
£25.17

3 bedroom flat

Coleridge Drive, Whiteley, Fareham, Hampshire, PO15 7NN 

Available through our resale shared ownership scheme, three-bedroom house in Fareham, Hampshire.

   

Property description:

The property boasts three floors, the ground floor comprises a fitted kitchen with standalone appliances, W/C, dining room and storage cupboard.  The first floor comprises two bedrooms, family bathroom with shower over bath and storage cupboard. The second floor comprises of the master bedroom.

 

The property also benefits from a private rear garden with shed storage and off-street parking.

 

Lease: Commenced 2013 with 125-year term

Council Tax Band: Fareham Council - C

Gros…

Features

Off street parking

Private Garden

Bedrooms3
Bathrooms1
Reception rooms1
Furniture statusunfurnished
Floor area89
Number of floors3
Entrance floorGround floor
Tenureleasehold
Lease years125

from

£177,500

with min. deposit

£88,750

50% Share from
£177,500
Full market price
£355,000
Minimum deposit
£88,750
Monthly rent
£297
Monthly service charge
£25.17
Hyde New Homes

Hyde New Homes

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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