Muchelney House
Abbots Cl, Ilminster, TA29 0EF
from
£62,500
with min. deposit
£3,125
1 bedroom flat
This one bedroom, ground floor apartment is in Ilminster. Your own entrance and fitted kitchen provided! Available on Over 55s Shared Ownership resale you could buy with just a 5% deposit.
Featuring an open-plan living / dining room. The kitchen fitted top and base units. The bedroom is a comfortable double with a wardrobe. The bathroom has a modern, white suite.
This home is available with extra care, as part of our Over 55s scheme.
- Tenure: Leasehold.
- Lease term remaining: 95 years.
- Council tax band: A.
- Service charge is reviewed once a year.
- Energy rating C.
Features
| Bedrooms | 1 |
| Bathrooms | 1 |
| Reception rooms | 1 |
| Furniture status | unfurnished |
| Number of floors | 1 |
| Entrance floor | Ground floor |
| Tenure | leasehold |
| Lease years | 95 |
from
£62,500
with min. deposit
£3,125
Abri Homes
Brochures
FAQs
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
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