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For Sale
Badge shared ownership
£148,750 (Price)
Full Market Value from £425,000

Southwood Mews, Canada Avenue, Farnborough, GU14 0FJ

Type C- Shared Ownership, Southwood Mews, Canada Avenue, Hampshire, GU14 0FJ

Shared Ownership Semi-detached house

Bedrooms: 3
Furnished: No
Reception rooms: 1
New Build: Yes
Bathrooms: 2
Area: 1058 sqft
Description
6 three-bedroom houses are available through Shared Ownership at Southwood Mews. All homes are available and are 98.3m2/1058ft2 and comprise 3 great sized bedrooms, the main bathroom, ample storage, living room to the front of the property, downstairs WC and an open-plan kitchen/dining area. All properties are available with parking.

Plots 64, 65, 66, 67, and 68 are terrace houses:
Full Market Value: £425,000
Shares available from 35%: £148,750
Rent*: £644 per month
*Calculated at 2.75% per annum of the value of the share that you do not initially buy.

Plot 69 is the end of the terrace house:
Full Market Value: £430,000
Shares available from 35%: £150,500
Rent*: £641 per month
*Calculated at 2.75% per annum of the value of the share that you do not initially buy.

Scheme Information:

Leasehold
Lease length: 999
Council tax is due from the day of legal completion even though the banding may not yet be confirmed, please bear this in mind and make the necessary arrangements. When the property banding is confirmed, it will be listed on the following page: https://www.gov.uk/council-tax-bands or email [email protected]
Estimated Annual Service Charge: £744
Service Charge Review Period: Yearly
Ground Rent: £0

Eligibility for Shared Ownership

In order to be eligible to purchase a Shared Ownership house or apartment, there are several general criteria you must meet:

  • You must be at least 18 years’ old with a clean credit history
  • Your annual household income must be less than £90,000 in London, or £80,000 outside of London
  • You’re a first-time buyer, a previous homeowner that cannot afford to buy one now, or an existing shared homeowner
  • You must not be in mortgage or rent arrears, demonstrate a good credit history and be in a position to afford the regular payments

Find out what you can afford

Unsure of how much you can afford to borrow towards the purchase of a home? Use our Affordability Calculator below to receive an assessment* of how much you’re likely to be able to borrow based on your income.

*Help to Buy: Equity Loan

  • London Boroughs: 40%
  • Outside of London: 20%
Shared Ownership
*The affordability calculators give you an indication of affordability only. Your initial affordability assessment will need to be completed by an Independent Financial Advisor (IFA).
Register your interest

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