St Michaels Lane, Bournemouth, Dorset BH2 5AD

£39,900 Shared Ownership

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  • Guideline Minimum Deposit £3,990
  • Guideline Income Dual £28.5k | Single £33.7k
  • First and Second Floor
  • Approx. 919 Sqft Gross Internal Area
  • Open Plan Kitchen/Reception
  • Bathroom plus Cloakroom
  • Close to Town Centre
  • Short Walk to the Beach

General Description

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


SHARED OWNERSHIP (Advertised price represents the 19% share. Full market value £210,000). A rare chance to buy a three-bedroom, first and second floor maisonette. The property is located close to the town centre, within easy reach of a good range of shops, the elegant public gardens and the beach. Internal features include a first-floor cloakroom and a spacious reception room with open-plan kitchen area. The three bedrooms are on the second floor and vary in size but could all be considered doubles. There is also a family bathroom with attractive, limestone style tiles.



(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: 19% (£39,900).
Shared Ownership Rent: £604.34 per month (subject to annual review).
Service Charge: £135.23 per month, including sinking fund (subject to annual review).
Combined Admin and Insurance Fee: £64.76 per month (subject to annual review).
Guideline Minimum Income: Dual £28,500 | Single £33,700 (based on minimum share and 10% deposit).
Council Tax: Band C, Bournemouth, Christchurch & Poole. 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. Pets not permitted (except assistance animals). There is no parking space offered with this property.


21' 6" max. x 18' 6" max. (6.55m x 5.64m)
included in reception measurement
Special ( Cloakroom )
Bedroom ( Bedroom 1 )
13' max. x 9' 4" max. (3.96m x 2.84m)
Bedroom ( Bedroom 2 )
13' max. x 8' 10" max. (3.96m x 2.69m)
Bedroom ( Bedroom 3 )
8' 4" x 8' (2.54m x 2.44m)
Energy Effeciency Rating


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.

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]


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