2 bed flat for sale

Gainey Gardens, Chippenham, Wiltshire SN15

Shared Ownership

This superb modern home is available to buy from as little as £100,000 with a 50% share!

Located just outside of central Chippenham (approximately a 5 minute drive) is this two bedroom ground floor apartment with a very long lease and two allocated parking spaces. The property was built in 2021 and provides well presented accommodation throughout. There is a spacious reception room and a separate kitchen, two good size bedrooms.

Chippenham in Wiltshire provides a good range of everyday amenities, shops and cafes and pubs/restaurants. The town centre provides a broad variety of independent and high street shops and the High Street hosts street markets on Fridays and Saturdays. Chippenham is also situated on the River Avon with surround green spaces and pleasant walking routes.
Chippenham is within easy reach of the M4 and the station provides good links to London, Bristol and Bath.
Pricing & affordability


Full Market Value: £200,000

50% Share Price: £100,000 (rent £304.37 pcm)
Minimum 5% Mortgage Deposit (50% share): £5,000
Approximate Service Charges: £104.91 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 £200,000 and a purchaser would not need to meet the eligibility criteria listed above.