Please note, the majority of our shared ownership homes undergo a rent review in April 2024. The review will depend on the shared ownership lease, but the majority will see a 9.4% uplift to the rent. We will confirm the exact changes to the rent for this property as part of the sales process.
£70,000 for a 50% share
Open Market Value: £140,000
From £228 per calendar month
Service Charge: £126.14
Shared ownership Resale
Available on shared ownership 1
1 Redcross Place, Swindon
Stonewater are marketing this lovely two bedroom flat on behalf of the vendor. Located within walking distance of great amenities close by you will also find the designer outlet. Within the property you will find am open plan lounge/diner and kitchen, Family sized bathroom and two bedrooms.
External to the flat there is Level access throughout, with direct level access to car park/rear of building. Ideal for pushchair users and those with mobility issues. There is also parking to the rear of the property.
There is currently a 50% share available with the ability to purchase up to 100% shares in the property.
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 Kelly Hucker who is the agent at Richard James Estate agent who conducting viewings on behalf of the vendor:
Agent Details TEL : 01793311035 or EMAIL : kellyhucker@richardjames.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, (£27,327) and minimum deposit (£3500) for this 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.
Please let us know if you need any further information and good luck with your viewing.
Interested in buying a shared ownership home? Follow our simple three step guide Find out more about shared ownership
What is shared ownership? Your questions answered Find out about shared ownership
Customer login
