Chatham Close, Salisbury, Wiltshire, SP1 3JR

Shared Ownership

This superb home is available to buy from as little as £92,000 with a 40% share!

A well-presented two-bedroom house offering approximately 829 sq ft of accommodation arranged over two floors. The ground floor features a spacious living room, separate kitchen, downstairs WC and a generous second bedroom, while the first floor provides a particularly spacious main bedroom along with a family bathroom. The layout offers well-proportioned rooms and plenty of natural light throughout.

The property benefits from a spacious living room, separate kitchen and useful downstairs WC, with the larger main bedroom located on the first floor alongside the family bathroom. There is also one allocated parking space, providing convenient off-road parking.

Situated in Salisbury, the property is well placed for access to the city centre, where a wide range of shops, cafés, restaurants and everyday amenities can be found. Salisbury railway station provides direct rail connections to destinations including London, Southampton, Basingstoke and Exeter, while regular bus services operate throughout the city.

PRICING & AFFORDABILITY

Full Market Value: £230,000

40% Share Price: £92,000 (rent £388.35pcm) Minimum 5% Mortgage Deposit (40% share): £4,600 Approximate Service Charges: £40.31pcm* Lease: 110 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 £240,000 and a purchaser would not need to meet the eligibility criteria listed above.