North Fields, Sturminster Newton, DT10
£110,250
Guide price
Guide price
Bedrooms: 2
SUMMARY
BRAND NEW SHARED OWNERSHIP HOME! Be quick to contact us about the limited number of homes available located in the popular Corallian Heights development.
DESCRIPTION
Plot 11, The Cooper House type, is a 2 Bedroom semi-detached house.
Magna are proud to offer a selection 2 & 3 Bedroom houses on a brand new development,Corallian Heights, for sale through shared ownership.
£110,250 for a 45% share
Open Market Value: £245,000
Monthly Rent: £308.80
Service Charge: £33.42 -Including buildings insurance.
You can take a look at the key information document for this home at the bottom of this listing Council Tax Band: Not currently available, please contact the branch Tenure: Leasehold Current Annual Ground Rent (£): Not currently available, please contact the branch Ground Rent Review Period (Years): Not currently available, please contact the branch Ground Rent Increase (%): Not currently available, please contact the branch Current Annual Service Charge (£): Not currently available, please contact the branch Date of Next Service Charge Review: Not currently available, please contact the branch Number of Years Left on Lease: Not currently available, please contact the branch
What Is Shared Ownership?
Shared ownership, also known as part rent part buy, is a way to help people get onto the property ladder.You buy a percentage of a house and pay rent to Magna for the remaining share. The housing association owns part of it but you're living there, you decorate it and you decide when to sell.This means smaller deposits, smaller mortgage, and the rent you pay on the remaining share is charged at a discounted rate. You can buy more shares as and when you can afford to, usually between 25%-75% and eventually up to 100%, in most cases, you can own your own home outright .*You may have to pay Stamp Duty Land Tax (SDLT) depending on your circumstances and the home's market value. Discuss this with your legal adviser. You can find more guidance on the GOV.UK website:
https://www.gov.uk/guidance/sdlt-shared-ownership-property
Am I Eligible?
You will need to confirm that you're able to raise enough money (normally with a mortgage) to purchase the share that you own. A monthly rent is then payable on the remaining share, as well as a monthly buildings insurance and service charge fee, which services communal areas in and around your home. No buy to let investors or anyone that already owns a home (unless SSTC).
Please Note
We will endeavour to use the photographs of the actual property but may also show pictures of the show home and/or computer generated images. The computer generated impressions of how the property may look are indicative only. External finishes or details may vary on individual plots. Floorplan images may be handed. Build completion dates TBC. Purchasers often need to buy their own flooring apart for the areas as mentioned in the main description.Reservation fee applies.
This is a Leasehold property. We are awaiting further details about the Term of the lease. For further information please contact the branch. Please note additional fees could be incurred for items such as Leasehold packs.
1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.
BRAND NEW SHARED OWNERSHIP HOME! Be quick to contact us about the limited number of homes available located in the popular Corallian Heights development.
DESCRIPTION
Plot 11, The Cooper House type, is a 2 Bedroom semi-detached house.
Magna are proud to offer a selection 2 & 3 Bedroom houses on a brand new development,Corallian Heights, for sale through shared ownership.
£110,250 for a 45% share
Open Market Value: £245,000
Monthly Rent: £308.80
Service Charge: £33.42 -Including buildings insurance.
You can take a look at the key information document for this home at the bottom of this listing Council Tax Band: Not currently available, please contact the branch Tenure: Leasehold Current Annual Ground Rent (£): Not currently available, please contact the branch Ground Rent Review Period (Years): Not currently available, please contact the branch Ground Rent Increase (%): Not currently available, please contact the branch Current Annual Service Charge (£): Not currently available, please contact the branch Date of Next Service Charge Review: Not currently available, please contact the branch Number of Years Left on Lease: Not currently available, please contact the branch
What Is Shared Ownership?
Shared ownership, also known as part rent part buy, is a way to help people get onto the property ladder.You buy a percentage of a house and pay rent to Magna for the remaining share. The housing association owns part of it but you're living there, you decorate it and you decide when to sell.This means smaller deposits, smaller mortgage, and the rent you pay on the remaining share is charged at a discounted rate. You can buy more shares as and when you can afford to, usually between 25%-75% and eventually up to 100%, in most cases, you can own your own home outright .*You may have to pay Stamp Duty Land Tax (SDLT) depending on your circumstances and the home's market value. Discuss this with your legal adviser. You can find more guidance on the GOV.UK website:
https://www.gov.uk/guidance/sdlt-shared-ownership-property
Am I Eligible?
You will need to confirm that you're able to raise enough money (normally with a mortgage) to purchase the share that you own. A monthly rent is then payable on the remaining share, as well as a monthly buildings insurance and service charge fee, which services communal areas in and around your home. No buy to let investors or anyone that already owns a home (unless SSTC).
Please Note
We will endeavour to use the photographs of the actual property but may also show pictures of the show home and/or computer generated images. The computer generated impressions of how the property may look are indicative only. External finishes or details may vary on individual plots. Floorplan images may be handed. Build completion dates TBC. Purchasers often need to buy their own flooring apart for the areas as mentioned in the main description.Reservation fee applies.
This is a Leasehold property. We are awaiting further details about the Term of the lease. For further information please contact the branch. Please note additional fees could be incurred for items such as Leasehold packs.
1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.
01935 321227
Fox & Sons - Yeovil
14 Princes Street, YEOVIL, Somerset
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