3 bed terraced house for sale

Stafford Road, Sherborne, Dorset DT9

Shared ownership three bedroom house available to purchase from a 25% share from £65,000 with a minimum 5% mortgage deposit of £3,250. Buyers must fulfil local connection and financial criteria in accordance with the relevant housing association.

A rare opportunity to acquire a 25% share of a three bedroom, three storey town house on the outskirts of Sherborne. The property is presented to a good standard and is situated on a quiet road with a parking space directly in front of the house.

Accommodation
To the ground floor - living room, inner hallway, downstairs cloakroom and kitchen with double doors to rear garden.
To the first floor - landing with staircase to second floor, 2 double bedrooms and bathroom.
To the second floor - Dual aspect principal bedroom.

Full Market Value: £260,000
25% Share Price: £65,000
Rent on un-owned share £498.25 pcm
Estimated service charge(inc. Buildings insurance) £33.66 pcm

You may purchase a higher share should you qualify to.

*The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller upfront payment. Any buyer must meet certain local connection criteria and financial criteria, as set out by the housing association. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright. When you’re ready, you can buy more shares until you staircase to owning 100% of your home.

Please note, as a Shared Ownership purchase there are likely to be additional legal fees during the conveyancing process, your solicitor can advise you of these.