3 bed terraced house for sale

Pearmain Road, Somerton, Somerset TA11

Shared ownership 25% share
Three bedroom house available to purchase from a 25% share from £62500 with a minimum 5% mortgage deposit of £3125. Call today to arrange your appointment to view. A well presented three bedroom terrace house in the sought after town of Somerton.
The property features a light and airy living space with a modern kitchen and an open living room, ideal for relaxing or entertaining. Upstairs, you’ll find three well-sized bedrooms, perfect for a small family or professionals.
Externally, the house benefits from two allocated parking spaces, ensuring easy off-road parking.
Somerton is an historic town with a full range of amenities and transport links to nearby towns and cities.
Early viewing recommended.

Please note, to be eligible for this property you must be in need of Affordable Housing and you must have a strong location connection with the District of South Somerset. For more information on the qualifying criteria contact Full Market Value: £250,000
25% Share Price: £62,500
If you buy a 25% share, the share purchase price will be £62500 and the rent will be £533.60 a month.

Service charge £18.26 per month
Buildings insurance £14.82 per month
LiveWest Management Charge £13.33 per month
Total monthly payment excluding rent £46.41
(these are subject to change during the purchase process)
Reservation Fee £500
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. 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.