£106,000
2 bed terraced house for saleSteart Farm Close, Cheddar, Somerset BS27
2 beds
Shared ownership
Leasehold
About this property
Two bed mid-terrace
Modern kitchen
Rear garden
Tandem driveway
Available for 40% share
5% minimum deposit only
This bright and cosy two-bedroom mid-terrace house is now available in Cheddar through Shared Ownership.
On the ground floor, the property comprises an entrance hall, a spacious living room, a separate modern kitchen with space for a dining area and a WC. On the first floor, there are two good-sized bedrooms.
Outside, there is a rear garden and a tandem driveway. Ideal for couples and families.
Available for £106,000 for 40% share based on the marketing figure of £265,000.
Monthly rent - £294.75
Monthly Service Charge - £47.63
Total Monthly Charge - £342.38 plus mortgage required for 40% share.
On certain properties, service charges may be billed in different frequencies. For the purposes of illustration, our advertisement will state the equivalent monthly charge. Where charges are not billed monthly, purchasers will be informed before proceeding.
An annual rent increase takes place every April
Location
The property is situated on a residential estate within the village of Cheddar. Local amenities and schools are within easy access.
EPC rating
Energy rating band - B
Environmental impact band - A
Other information
How we allocate Shared Ownership homes
We offer homes on a first-come, first-served basis, as long as you meet all the eligibility criteria. Sometimes, we give priority to people who live or work in the same area as the home. This is based on rules set by the local authority. All Shared Ownership providers must publish an allocations policy, which explains how they decide who gets a home.
If the home is managed by so Resi and mtvh
You can read the Shared Ownership allocation policy on the mtvh website. So Resi is the Shared Ownership brand of mtvh, a housing association.
If the home is managed by another provider
Visit their website to find their allocation policy. Contact us if you have any questions.
In certain cases, the remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.
On the ground floor, the property comprises an entrance hall, a spacious living room, a separate modern kitchen with space for a dining area and a WC. On the first floor, there are two good-sized bedrooms.
Outside, there is a rear garden and a tandem driveway. Ideal for couples and families.
Available for £106,000 for 40% share based on the marketing figure of £265,000.
Monthly rent - £294.75
Monthly Service Charge - £47.63
Total Monthly Charge - £342.38 plus mortgage required for 40% share.
On certain properties, service charges may be billed in different frequencies. For the purposes of illustration, our advertisement will state the equivalent monthly charge. Where charges are not billed monthly, purchasers will be informed before proceeding.
An annual rent increase takes place every April
Location
The property is situated on a residential estate within the village of Cheddar. Local amenities and schools are within easy access.
EPC rating
Energy rating band - B
Environmental impact band - A
Other information
How we allocate Shared Ownership homes
We offer homes on a first-come, first-served basis, as long as you meet all the eligibility criteria. Sometimes, we give priority to people who live or work in the same area as the home. This is based on rules set by the local authority. All Shared Ownership providers must publish an allocations policy, which explains how they decide who gets a home.
If the home is managed by so Resi and mtvh
You can read the Shared Ownership allocation policy on the mtvh website. So Resi is the Shared Ownership brand of mtvh, a housing association.
If the home is managed by another provider
Visit their website to find their allocation policy. Contact us if you have any questions.
In certain cases, the remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.
More information
Tenure
Leasehold (988 years)
Service charge
Council tax band
Ground rent
Ground rent date of next review
Shared ownership percentage owned
40%
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