2 bed semi-detached house for sale

Cozens Grove, Shrivenham, Swindon SN6

Shared Ownership

This superb modern home is available to buy from as little as £155,000 with a 50% share!

Offered to the market is this well-presented two-bedroom semi-detached house in Shrivenham, just outside Swindon.
The property features two bedrooms, one with an en suite, along with a family bathroom, downstairs WC, spacious living and dining room, driveway, and a rear garden.

Shrivenham offers a range of local amenities including a Co-op, butcher, pharmacy, post office, barbers, beauty salons, and a delicatessen. Swindon town centre, approximately seven miles away, provides a wider selection of shops, retail parks, and the Designer Outlet. Excellent transport links include Swindon railway station with services to London and Bristol, as well as easy access to the A420, A419, M4, and M5. Local bus routes also connect the village to surrounding towns.
Pricing & affordability


Full Market Value: £310,000

50% Share Price: £155,000 (rent £458.79pcm)
Minimum 5% Mortgage Deposit (50% share): £7750
Approximate Service Charges: £26 pcm*
Lease: 121 years
Eligibility


Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.

To be eligible for shared ownership you would need to meet the following criteria:

• Your annual household income does not exceed £80,000
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.

*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.

** This home can also be purchased outright (100% of the value) which is £310,000 and a purchaser would not need to meet the eligibility criteria listed above.