Flat 1, 55 Provence Drive, Bearwood, Bournemouth, BH11
- Brand new Shared Ownership home
- Open plan lounge/kitchen/diner
- Commuter links to Wimborne, Bournemouth & Poole
- Highly sought-after location
- Two bedrooms
This brand new home is available to buy from as little as £87,750 with a 45% share!
Set on the outskirts of the market town of Wimborne, Canford Paddocks offers something for singles, couples and families of all sizes. With a great choice of amenities close to home, plus excellent schools and transport links across Dorset and beyond, this is a wonderful place to call home.
This beautiful development has been designed with lots of open space and you can enjoy trail walks along the nearby River Stour and stop by nearby Wimborne Minster for your local shops. Bournemouth Beach and Poole Harbour are both within easy reach, with activities for all to enjoy.
This brand new apartment features an open plan lounge/kitchen/diner, two bedrooms, bathroom and allocated parking.
PRICING & AFFORDABILITY
Approximate Size 584 sq ft
Full Market Value: £195,000
45% Share Price: £87,750 (rent £245.78pcm)
60% Share Price: £117,000 (rent £178.75pcm)
75% Share Price: £146,250 (rent £111.72pcm)
Minimum 5% Mortgage Deposit (45% share): £4,388
Approximate Service Charges: £118.57 pcm*
The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller up front payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase. The combined mortgage and rent is usually less than you'd expect to pay if you bought a similar property outright.
At Canford Paddock you can buy a minimum 45% share of your home (the maximum you can buy initially is 75%). When you're ready, you can buy more shares until you staircase to owning 100% of your home.
To be eligible for shared ownership you would need to meet the following criteria:
' Your annual household income does not exceed £80,000
' You have a deposit of at least 5% of the share value
' You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
' This will be your only residence.
' You are a permanent UK resident or have indefinite right to remain.
Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.
*Service charges are estimated and may subject to change.
**These photos are for information purposes only and may not represent a true likeness for the units being sold. They may have been taken from earlier phases or similar developments/house types and digitally furnished to represent how the home could be laid out; the final colours/appearance/specification may differ from the images and are not plot specific. We advise applicants to make their own investigations on future development in the area. We would suggest contacting the local authority for more information.
Leaders Romans Group are selling the homes on behalf of Sage Housing. Sage Housing is a Registered Provider committed to providing high quality affordable homes across England. For more information on Sage Housing visit www.sagehousing.co.uk.