1 bed flat for sale

Peverell Avenue East, Poundbury DT1

This one bedroom ground floor 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= C80

Term remaining on lease: 80 years

Property features:
Fitted kitchen
Central heating
Over-bath shower
On-street parking
Ability to own 100%

Kitchen: 2.90m x 2.10m

Living room: 7.20m x 3.40m

Bedroom: 3.50m x 3.24m

Bathroom: 2.50m x 2.05m

Purchase Requirements:
Have a local connection to the area
Be a first time buyer or not currently named on a mortgage
Demonstrate you meet the minimum income requirements
Demonstrate a deposit sufficient to obtain a mortgage for the property

Costs:
Full Market Price: £175,000
Minimum Share: 50%
Share Value: £87,500
Monthly Rent: £224.01
Service Charge pcm (including buildings insurance): £113.96
Total Monthly Charge: £337.97
Next rental increase: April 2026

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.

If you eventually own your home outright, you’ll no longer pay rent, but may continue to pay a service charge and sinking fund.

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.