2 bed semi-detached house for sale

Foundry Close, Ilminster, Somerset TA19

Shared Ownership 40% Share
Three bedroom house available to purchase from a 40% share from £92,000 with a minimum 5% mortgage deposit.
Call today to arrange your appointment to view.
An excellent opportunity to get on the property ladder with this delightful two bedroom semi-detached house in Ilminster. This well presented property offers light and airy accommodation with the added benefit of a summer house with electric supply giving further office/hobby space. The spacious living room opens to the kitchen/diner with doors to the enclosed garden and the added benefit of a downstairs cloakroom., whilst on the first floor you will find two double bedrooms and a modern bathroom.
Ilminster is a well appointed town with easy access to the A303.
Please call to arrange a viewing.
Please note, to be eligible for this property you must be in need of Affordable Housing and have a strong location connection with the District of South Somerset. For more information on the qualifying criteria contact Full Market Value: £230,000
40% Share Price: £92,000
If you buy a 40% share, the share purchase price will be £92,000 and the rent will be
Rent on un-owned share £274.07 pcm
Service Charge £5.05 pcm
Buildings Insurance £14.19 pcm

Total monthly payment excluding rent £19.24

(these are subject to change during the purchase process)
Reservation Fee £500
You may purchase a higher share should you qualify to.

*The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller upfront payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright. When you’re ready, you can buy more shares until you staircase to owning 100% of your home.

Please note, as a Shared Ownership purchase there are likely to be additional legal fees during the conveyancing process, your solicitor can advise you of these.