Russet Road, Somerton, Somerset TA11 6AU

£52,500 Shared Ownership

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  • Guideline Minimum Deposit £5,250
  • Guideline Income Dual £17.8k | Single £20.8k
  • First (Top) Floor with Own Entrance
  • Approx. 570 Sqft (excluding garage)
  • High Performance Glazing
  • Open-Plan Kitchen/Reception
  • Gas Central Heating
  • Garage plus Parking Space

General Description

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


SHARED OWNERSHIP (Advertised price represents 25% share. Full market value £210,000). This property forms part of a recently-constructed development in the town of Somerton. A reconstituted stone exterior helps the building better fit in with the local housing stock. Access is via a private ground-floor entrance, stairs leading up to an open-plan kitchen/reception room with sleek, white units and integrated appliances. There is a spacious main bedroom plus a slightly smaller second double and an attractive, modern bathroom. Well insulated walls, roof and floor, high performance glazing and gas central heating make for a good energy-efficiency rating. The flat comes with use of a garage and there is space for an additional car to park in front.



(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.)


Housing Association: heylo.
Tenure: Leasehold (125 years from 2019).
Minimum Share: 25% (£52,500).
Shared Ownership Rent: £379.85 per month (subject to annual review).
Combined Insurance and Admin Fee: £28.89 (subject to annual review).
Guideline Minimum Income: Dual £17,750 | Single £20,750 (based on minimum share and 10% deposit).
Council Tax: Band B, South Somerset District 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.


Special ( Entrance Hall )
stairs leading up to:
18' max. x 17' (5.49m x 5.18m)
included in reception measurement
Bedroom ( Bedroom 1 )
13' 9" x 8' 7" (4.19m x 2.62m)
Bedroom ( Bedroom 2 )
10' 3" x 9' 3" (3.12m x 2.82m)
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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