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Downsview, Sandown, Isle of Wight, PO36 9NY

Shared ownership

82 Downsview, Sandown, PO36 9NY

Sale under offer
Shared ownership
Photo of Downsview, Sandown, Isle of Wight, PO36 9NY
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from

£74,000

with min. deposit

£3,700

40% Share from
£74,000
Full market price
£185,000
Minimum deposit
£3,700
Monthly rent
£301
Monthly service charge
£39.38

3 bedroom semi-detached house

A lovely three bedroom semi-detached house, with a parking space included. This excellent property is bigger than you would expect, featuring two double bedrooms and a smaller single bedroom it also has a modern family bathroom as well as a downstairs toilet. The kitchen is fairly new and the living area has plenty of room while still keeping a cosy feel. The garden is a good size that leads out to your own car parking space. A brilliant add on to this property is the loft extensions that gives you plenty of room for storage.

The property is located in the seaside town of Sandown, on the South East coast of the Isle of Wight. Just a 10 …

Features

On street/resident parking

Bedrooms3
Bathrooms2
Reception rooms1
Furniture statusunfurnished
Number of floors2
Entrance floorGround floor
Tenureleasehold
Lease years108
EER Current75
EER Potential75
EIR Current74
EIR Potential74

from

£74,000

with min. deposit

£3,700

40% Share from
£74,000
Full market price
£185,000
Minimum deposit
£3,700
Monthly rent
£301
Monthly service charge
£39.38
Complete Moves

Complete Moves

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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