SHARED OWNERSHIP One Bed Apartment available to purchase at a 25% share of £55,000 with a minimum 5% mortgage deposit of £2,750. Call today to arrange your appointment to view.
Last available home at Clarence Place, West Parley! A one bedroom contemporary ground floor apartment. Secure your new home today on a Shared Ownership basis, contact us today to arrange your viewing of this final property.
This fantastic brand-new home is ready to move into now and has been designed with energy-efficiency in mind. Featuring open plan living space, modern finishes throughout and parking.
Purchase a 25% share at £55,000 with a deposit of £2,750. Full market value £220,000, shares are available to purchase from 25% - 75%.
Upon entering the home the hallway has two built in storage cupboards with doors providing access to the Open plan kitchen/dining/living room.
The kitchen space offers a range of white matching wall and base units with brush handles, laminate worktop, matching upstands & stainless steel sink unit with mixer tap. Appliances include electric oven, gas hob with chimney hood and stainless steel splash back, freestanding fridge freezer and washer dryer with removable base unit for dishwasher.
The living / dining space has T.V point and double glazed doors opening on to a private balcony.
The double bedroom has a double glazed window and cupboard housing the boiler, whilst the bathroom offers a three piece white suite with glass shower screen and shower over bath.
Flooring is provided throughout with wood effect vinyl flooring to hall, bathroom and kitchen/dining/living room with carpet to bedroom. This home benefits from one allocated parking space and gas central heating via radiators.
Financial Breakdown:
Full market value: £220,000
25% share value: £55,000
5% deposit: £2,750
Rent charged on un-owned share: 2.75%
Rent on un-owned share (75%) £352.97 pm
Estimated monthly service charge: £192.67
Residents will be within walking distance to local amenities and can take advantage of Parley Cross Crossroads bus stop just a one-minute walk away which offers trips to Wimborne and Bournemouth.
Clarence Place is perfect for first time buyers, commuters and those looking to downsize.
Living at Clarence Place, you’ll have both countryside and seaside living at its best, with Parley Common Nature Reserve just over a mile away and Bournemouth Beach just a short drive away.
The homes have a wide range of amenities nearby, the closest being a supermarket express and a pharmacy just a minute’s walk away and a range of traditional pubs within a 15 minute walk away. For a wider variety of choice, the centre of Bournemouth offers popular retail options and a great choice of restaurants.
Bournemouth Station is just over 5 miles away, offering direct links to London and for trips further afield, Bournemouth Airport is only 2.5 miles away, with both international and regional flights available.
There are also a range of schools for all ages within easy reach of Clarence Place making it an ideal place to put down roots.
How shared ownership works:
The Shared Ownership scheme is simple, you buy an initial share of between 40% and 75% (depending on the development) of the home’s
full value and pay a subsidised rent on the remainder. You may purchase further shares (up to 100%) as your circumstances change
Your annual rent is charged at 2.75% of the residual value of your home, which is reviewed annually each April. This is capped at CPI (Consumer Price Index) from September of the previous year +1%.
About Legal and General Affordable Homes
Legal & General Affordable Homes are a Registered Provider offering these homes for sale on a Shared Ownership basis. We are creating communities to live, grow and flourish and are committed to removing the stress and anxiety associated with moving house, whilst delivering customer satisfaction and quality new homes.
The specification has been compiled with best intentions to provide a guide to the finishes, however, houses are sold as seen and we recommend customers satisfy themselves as to the specification and finishes installed to each home.
*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.
