This two bedroom, semi-detached house 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.
Term remaining on lease: 102 years
Full Market Price: £215,000
Minimum Share: 50%
Maximum Share: 80%
Share Value: £107,500
Monthly Rent: £179.24
Buildings insurance PCM: £7.87
Total Monthly Charge: £187.11
Next rental increase: Nov 2020
Two parking spaces
Storage & convector heaters
1 Rylands Close
Kitchen: 3.8m x 2.9m
Living room: 4.57m x 4m
Bathroom: 1.9m x 1.9m
Bedroom 1: 4m x 2.66m
Bedroom 2: 4m x 3.6m
Garden with patio area: 13m x 11m
Be a first time buyer or not currently own a property.
Demonstrate you meet the minimum income requirements.
Demonstrate a deposit sufficient to obtain a mortgage for the property.
Have a local connection to Mid Suffolk District.
Be registered with your Help to Buy agent.
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
This property has restricted staircasing to ensure the property remains affordable for future generations of local people.
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.
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.
Type location required and then choose your buying option