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Hob Close

Shared ownership

Taunton TA2 8GN, Taunton, TA2 8GN

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

from

£161,250

with min. deposit

£8,063

75% Share from
£161,250
Full market price
£215,000
Minimum deposit
£8,063
Monthly rent
£109
Monthly service charge
£30

2 bedroom terraced house

This spacious two bedroom, mid-terraced home is in Monkton Heathfield, Taunton. Back garden and parking space provided! Available on Shared Ownership resale you could buy with just a 5% deposit.

Featuring an spacious living room. The kitchen has an integrated oven, hob and hood. On this floor, you'll also find a WC.

Upstairs, there are two comfortable bedrooms. The bathroom has a modern, white suite. One parking space is provided, as well as a turfed back garden

  • Lease term remaining: 121 years
  • Council tax band: B
  • Service charge is reviewed once a year.

Features

Back Garden

Off street parking

Bedrooms2
Bathrooms1
Reception rooms1
Furniture statusunfurnished
Number of floors2
Entrance floorGround floor
Tenureleasehold
Lease years121

from

£161,250

with min. deposit

£8,063

75% Share from
£161,250
Full market price
£215,000
Minimum deposit
£8,063
Monthly rent
£109
Monthly service charge
£30
Abri Homes

Abri Homes

Brochures

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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