Shared Ownership £56,000

1 bed 0 baths

Available

Richborough Court, Stubbington Avenue, Portsmouth, Hampshire

Features

Summary

Offered for sale under shared ownership is this first floor, one bedroom home in North End, Portsmouth.

Description

Offered for sale under shared ownership is this first floor, one bedroom home in North End, Portsmouth.

The property comprises of a good sized hallway with two useful storage cupboards leading to the spacious living room and through to the separate kitchen. There are double doors from the sitting room to a Juliet balcony.

The kitchen includes integrated oven, gas hob, extractor fan with space for a washing machine and fridge freezer.

The double bedroom is south facing and offers a light and airy space.

The family bathroom includes a three piece suite.

The property is well located being within a short distance of local shops, restaurants and amenities as well as being along a number of local bus routes.

Externally there is a separate storage cupboard.

Please note the price reflects a 40% share in the property (full market value of £140,000).

The rent payable is £330.79 per month

The service charge is £159 per month

The lease remaining is 81 years approx.

You can apply to buy the home if both of the following apply:
• your household income is £80,000 or less
• you cannot afford all of the deposit and mortgage payments to buy a home that meets your needs

One of the following must also be true:
• you're a first-time buyer
• you used to own a home but cannot afford to buy one now
• you're forming a new household - for example, after a relationship breakdown
• you're an existing shared owner, and you want to move
• you own a home and want to move but cannot afford a new home for your needs

If you own a home, you must have completed the sale of the home on or before the date you complete your shared ownership purchase.

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