£140,000 /Sale price

Shared OwnershipThis superb modern home is available to buy from as little as £140,000 with a 40% share!Situated in the desirable development of Severells Drive, this modern terraced house offers stylish and well planned accommodation arranged over two floors. The ground floor features an entrance hall, cloakroom, a generous open plan kitchen/dining/reception room with leads through to a utility room and access to the rear garden.Upstairs, there are two double bedrooms and a modern family bathroom. Externally is a driveway providing off road parking at the front and an enclosed garden to the rear.Severells Drive lies on the edge of Cirencester, a thriving Cotswold market town known for its charming streets, independent shops, cafes, and restaurants. Everyday amenities including supermarkets, leisure facilities, healthcare services, and schools are all close at hand. Cirencester also offers a vibrant community atmosphere, regular markets, and access to beautiful countryside walks and cycle routes.For travel, the A417 and A419 are easily accessible, providing direct routes to Swindon, Gloucester, Cheltenham, and the M4 corridor toward London and Bristol. Kemble railway station is approximately 1015 minutes away by car and offers direct services to London Paddington in around an hour. Local bus services also connect the area to surrounding towns and villages.PRICING & AFFORDABILITYFull Market Value: £350,00040% Share Price: £140,000 (rent £504.53pcm)Minimum 5% Mortgage Deposit (40% share): £7,000Approximate Service Charges: £44.03pcm* Shared Ownership Lease: 987 years remainingELIGIBILITYShared 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.