£62,900
1 bed flat for sale
Parkside, Highdown Avenue, Dorchester DT1Shared ownership
Leasehold
1 bed
1 bath
Key information
Tenure
Leasehold (83 years)
Service charge
£103 per month
Council tax band
Ground rent
£0
Ground rent date of next review
Shared ownership percentage owned
37%
Shared ownership rent
£287 per month
About this property
This one bedroom flat is an ideal opportunity to get on to the property ladder with Hastoe. It is being sold under the shared ownership scheme whereby you purchase a share in the property and pay a reduced rent on the remaining Hastoe equity.
EPC= C78
Term remaining on lease: 83 years
Property features:
Parking
Communal garden
Fitted kitchen
Gas central heating
Garage
Double glazing
Over-bath shower
Kitchen: 3.5m x 2.62m
Living room: 4.7m x 3.88m
Bathroom: 1.98m x 1.81m
Bedroom: 3.48m x 4.33m
Garage: 3.58m x 5.9m
Purchase Requirements:
Be a first time buyer or not currently own a property.
Demonstrate you meet the minimum income requirements.
Demonstrate a deposit sufficient to obtain a mortgage for the property.
Be eligible for the shared ownership scheme.
Costs:
Full Market Price: £170,000
Minimum Share: 37%
Share Value: £62,900
Monthly Rent: £286.67
Service Charge pcm (including buildings insurance): £103.05
Total Monthly Charge: £389.72
Next rental increase: April 2025
Apply online via the Hastoe sales website
What is shared ownership?
Shared ownership is a scheme designed to help those who wouldn’t otherwise be able to purchase a home of their own. This may be because you can’t meet the full mortgage repayments, save a sufficient deposit, or both. With shared ownership, you buy a percentage of your home and pay a reduced rent on the share you don’t own
.
How does shared ownership work?
You will buy a percentage share of a home, independently priced at market value. Hastoe will charge you rent on the share you don’t own plus a service charge. This service charge covers things like buildings insurance and estate maintenance.
About Hastoe:
Hastoe owns and manages over 7,500 homes in 70 local authority areas. Our properties are predominantly rural and we specialise in providing sustainable and affordable rural housing to enable local people to remain within their communities.
More information
Listed by
Hastoe Housing - Resale Properties