9 Chapel Field, South Petherton

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Resale

Shared Ownership

Please note that all sales particulars and images are for marketing and illustrative purposes only. Plans, computer generated images and photos may contain elements which are not present upon the final completion of the property.

Shared ownership Resale

Please note, the majority of our shared ownership homes undergo a rent review in April 2025. The review will depend on the shared ownership lease, but the majority will see a 3.2% uplift to the rent. We will confirm the exact changes to the rent for this property as part of the sales process.

Semi Detached Two Bedroom House
Private Garden
Close to Local Amenities

£96,000 for a 40% share

Open Market Value: £240,000

From £291 per calendar month

Service Charge: £27.57

Shared Ownership

Shared ownership Resale

9 Chapel Field, South Petherton

Stonewater are marketing this property on behalf of the vendor. This is a two bedroom semi detached house with private garden. There is currently a 40% share available for £96,000

Heating Type - Gas Combi Central Heating

Council Tax - B

Broadband Coverage - 1000 MBS

There is a section 106 for this property meaning the buyer must have a local connection, please contact us for the full requirements.

Viewings

Thank you for your recent interest in the above property. The seller is currently accepting viewings and if you would like to arrange a viewing, please contact the seller on the details below.

Seller Name: Jeremy and Peter Holdridge

Seller Contact Details :07450832752 / 07714597165 or email Peter.Holdridge@sheffield.ac.uk

As a shared ownership home, you will need to be eligible for Shared Ownership.

As a reminder, to be eligible for shared ownership you will need to evidence:

• your household income is £80,000 a year or less (£90,000 a year or less in London)
• you cannot afford all of the deposit and mortgage payments for a home that meets your needs
One of the following must also be true:
• you’re a first-time buyer
• you used to own a home but cannot afford to buy one now
• you’re forming a new household - for example, after a relationship breakdown
• you’re an existing shared owner, and you want to move
• you own a home and want to move but cannot afford a new home that meets your needs

Please take note of the minimum income, £31,435 which is based on the minimum deposit £4800 for this property. If you are placing a larger deposit, the minimum income will reduce. Always check with us if you are unsure whether you can afford the property.

If you make a successful offer to the seller after your viewing, they will let us know and we will then be able to refer you for a financial assessment with an Independent Financial Advisor. This is compulsory for all Shared Ownership purchases and does not interfere with any mortgage arrangements you have already made. They will complete an assessment but you are not obliged to use them afterwards to arrange your mortgage, but can if you wish. You will also be required to complete a Stonewater application form. Further information on the financial assessment and application form will be provided.

Please let us know if you need any further information and good luck with your viewing.

Kind regards

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