2 bed end terrace house for sale

Codford Lane, Swindon, Wiltshire SN1

Shared Ownership

This superb modern home is available to buy from as little as £118,000 with a 40% share!

A well-presented, spacious two-bedroom home situated on Codford Lane in Swindon, offering modern accommodation arranged over two floors. The property benefits from a double driveway providing off-road parking for two cars, together with an electric vehicle charging point.

The ground floor features a generous open-plan kitchen, living and dining room, providing plenty of space for both seating and dining areas, alongside a convenient downstairs WC and useful built-in storage. Upstairs are two well proportioned double bedrooms, a family bathroom and further storage.

Codford Lane is conveniently positioned for local amenities, with a supermarket around 0.4 miles away and Swindon railway station approximately 1.9 miles away, providing services towards Reading and London Paddington. Crystal Roof The area also offers access to nearby schools, green spaces and routes into Swindon town centre.
Pricing & affordability


Full Market Value: £295,000

40% Share Price: £118,000 (rent £387.19pcm)
Minimum 5% Mortgage Deposit (40% share): £5,900
Approximate Service Charges: £43.71pcm*
Lease: 989 years
Eligibility


Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.

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.

*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.