Plot 3 Furzedown Road, Kings Somborne, Chaworth Meadows, Furzedown Road, Kings Somborne, SO20 6FF

This three-bedroom house is an ideal opportunity to get on to the property ladder with Hastoe.

This property 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.

Pea = B81 Property features: Allocated parking Private garden Fitted kitchen Double glazing Downstairs WC Air source heat pump Restricted to 80% maximum ownership Costs: Full market price: £480,000 Minimum share: 10% Share value: £120,000 Monthly rent: £825.00 Estimated service charge: £74.00 Purchase Requirements: Have a local connection to the area You must be eligible for the shared ownership scheme Can demonstrate you meet the minimum income requirements Cam demonstrate a deposit sufficient to obtain a mortgage for the property 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. About Hastoe: 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.