1 bed flat for sale

Poets Way, Dorchester, 2 DT1

The property is marketed at 40% shared ownership (with option to staircase over time to 100%) or buy at full 100% ownership. Should a purchaser wish to buy outright, the transaction would involve the simultaneous purchase of the seller’s 40% share and Abri’s remaining 60% share. The full market value is £151,000.

An excellent opportunity for first‐time buyers, this well‐presented second‐floor apartment offers a spacious double bedroom and a modern open‐plan kitchen/living area. Further benefits include a car port, visitor parking, and a private ground‐floor storeroom. The property also boasts an extended lease, now with 172 years remaining, providing long‐term security and peace of mind.

A well-presented one double bedroom second-floor apartment available on a 40% shared ownership basis, ideal for first-time buyers.

This modern home offers a bright and spacious open-plan lounge/kitchen, creating a comfortable and practical living space perfect for everyday living and entertaining. The apartment also benefits from a good-sized double bedroom, a well-maintained interior throughout, and double glazing with gas central heating for year-round comfort.

Further features include a car port, visitor parking, communal gardens, and the added bonus of a private ground floor storeroom.

With an extended lease of approximately 172 years remaining, this is an excellent opportunity to step onto the property ladder in a convenient location close to local amenities and transport links, including Dorchester West and Dorchester South stations.

Eligibility:

Shared ownership is intended to support households who are unable to afford to purchase a suitable home on the open market, but who can afford to buy a share. This may include first‐time buyers, or those unable to afford to buy again households on low to moderate incomes, people currently renting, and applicants whose existing accommodation does not meet their housing needs. Applicants must be able to demonstrate sufficient savings and sustainable income to meet both the initial purchase costs and ongoing housing costs, including mortgage payments, rent, and service charges. Eligibility is assessed in accordance with Abri’s criteria and, where applicable, the requirements of the individual lease. Further information can be found on the Abri Homes website.

People who cannot afford to purchase a suitable home on the open market, but who can afford a share through a shared ownership arrangement

First‐time buyers, or previous homeowners who are unable to afford to buy again

Households on low to moderate incomes, subject to maximum income thresholds set by the shared ownership scheme

People who are currently renting (including private tenants or social housing tenants) and are seeking to move into home ownership

Applicants who can demonstrate they have sufficient savings or access to funds to cover deposit, legal fees, and other purchase costs

Individuals or households who can evidence sustainable income to meet ongoing housing costs, including rent, mortgage payments, and service charges

Key workers, where priority is given under the specific scheme or local allocation policy

Applicants whose housing needs are not adequately met by their current accommodation (e.g. Overcrowding, affordability, or suitability issues)

Those who meet any additional eligibility criteria set out in the lease, local authority nominations agreement, or scheme‐specific guidance

More information is available on the Abri Homes website.

Monthly charges based on a 40% shared ownership interest are as follows:

Rent: £305.36

Service charge: £77.92

Management fee: £9.48

Building insurance: £8.44

Total monthly charge: £401.20

Please note that the rent element will reduce with the purchase of a higher ownership percentage and will be removed entirely if the property is staircased to 100% ownership