124 Commercial Road, Bournemouth, Dorset BH2 5AT

£26,250 Shared Ownership

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  • Guideline Minimum Deposit £2,625
  • Guideline Income Dual £29.2k | Single £34.4k
  • Eighth (Top) Floor with Juliette Balcony
  • Approx. 749 Sqft Gross Internal Area
  • Impressive View
  • Town Centre Location
  • Secure Parking Space
  • Short Walk from the Beach

General Description

A Fantastic Opportunity to Purchase a Two Bedroom Apartment on a Shared Ownership (Part Buy/Part Rent) Basis

 

SHARED OWNERSHIP (Advertised price represents 12.5% share. Full market value £210,000). A well-proportioned apartment on the eighth (Top) floor of a mixed-use development right in the heart of Bournemouth. The property has a dual-aspect reception with open-plan kitchen and a Juliette balcony which provides a view over the rooftops of many of the other town centre buildings. There is a large main bedroom with en-suite shower room plus a second, smaller, double bedroom and a spacious bathroom. The building has a lift, double glazed windows, well insulated walls and a secure car park that includes a space for this apartment. The well-tended public gardens are close by and the beach is only a short walk away.

 

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [HERE; https://bit.ly/2HiHcvc]

(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)

 

Tenure: Leasehold (125 years from 2008).
Minimum Share: 12.5% (£26,250).
Shared Ownership Rent: £674.73 per month (subject to annual review).
Combined Building Insurance/Admin Fee: £53.35 per month (subject to annual review).
Service Charge: £158.41 per month (subject to annual review).
Ground Rent: £150.57 for current year.
Guideline Minimum Income: Dual £29,200 | Single £34,400 (based on minimum share and 10% deposit).
Council Tax: Band B, Bournemouth, Christchurch & Poole Council. Priority is given to applicants living and/or working in this local authority.

This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone.

Dimensions

Reception
24' 10" max. x 12' 5" max. (7.56m x 3.78m)
Kitchen
included in reception measurement
Bedroom ( Bedroom 1 )
14' 6" max. x 8' 11" max. (4.42m x 2.72m)
bathroom ( En-Suite Shower Room )
Bedroom ( Bedroom 2 )
10' 6" x 8' (3.20m x 2.44m)
Bathroom
Energy Effeciency Rating

Floorplans


Shared Ownership

WHAT IS SHARED OWNERSHIP ?
Shared Ownership is a housing scheme designed to help homebuyers who are unable to afford the cost of buying a property outright on the open market. Properties may be sold off-plan or new build direct from housing associations, or pre-owned from existing shared owners. The rules and terms of the scheme are set by the Greater London Authority (GLA) in London and Homes England outside of London.

IS SHARED OWNERSHIP FOR YOU ?
The GLA and Homes England set the eligibility criteria for Shared Ownership, but broadly speaking you must:
 Not own another property in the UK or any other country.
 Have a household income that falls below £90,000 (£80,000 threshold outside the M25). Every property will have a minimum income level too, determined by its’ value, rent and service charge costs. In most cases you will need to meet or exceed the given minimum income.
 Have access to a minimum deposit of 10% of the share being purchased (a minimum deposit of 5% of the share being purchased may be acceptable depending on individual financial status).
 Be in full time permanent employment.
 Be a British, EU or EEA Citizen or have indefinite leave to remain in the UK.
 Have a good credit history.
If you are still unsure about Shared Ownership or would like more information view [ Facts and Frequently Asked Questions]

Location

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