Cunningham Road, Yeovil, BA21

Shared Ownership. 45% available for £93,375 (Asking Price). Please review the whole listing to check you eligability before making an enquiry.

Evolve Estate Agents offer for sale this 2 DOUBLE BEDROOM SEMI DETACHED modern home with Solar Panels built in 2012.
The accomodation comprises briefly to the ground floor a front aspect sitting room with stairs to the first floor and door leading to the rear aspect kitchen dining room which benefits from a good size storage cupboard and cloak room with WC.
To the first floor is a landing area, two double bedrooms and a family bathroom complete with a modern white suite.

This property has gas central heating, double glazing, solar panels and mains water.

Adjacent to the property is driveway parking for at least two vehicles with an access gate leading to the rear garden. The enclosed garden is a good size. A patio off of the rear aspect leads to a good size lawn.

If you buy a 45% share, the share purchase price will be £93,375 and the rent in addition to your mortgage payment will be £253.61 a month.
Your annual rent is calculated as 2.67% of the remaining share of the full market value owned by the landlord.
The current 100% Market Value is £207,500.

Further information.

Service charge £0.00
Buildings insurance £12.60
LiveWest Management charge £10.00
Total monthly payment excluding rent £22.60
(these are subject to change during the purchase process)

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 to buy 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.
As part of your application, your finances and credit history will be assessed to ensure that you can afford and sustain the rental and
mortgage payments.

Tenure Leasehold
Lease type Shared ownership house lease.
Lease term 125 Years from and including 1 April 2012

Local Connection
An eligible person means a person who is unable to secure accommodation suitable for their needs in the open housing market within the District of South Somerset and who additionally satisfies one or more of the following criteria:

• The person is currently resident in the District; or

• The person is employed or has secured employment in the district; or

• The person has been resident in the District for periods totalling at least 2 of the last 5 years; or

• The person has family associations with the District; or

• The person is or is eligible to be entered onto the Housing Register of the Council or the waiting list of any AHP in relation to accommodation in the District; or

• The person is qualified to move to the District pursuant to a mobility scheme which the council is a participating authority; or

• The person is eligible for housing under the Council's adopted allocation scheme.


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