Elizabeth Close, Wellington, Somerset, TA21

An excellent opportunity to purchase a spacious and modern three bedroom detached family home through the Shared Ownership Scheme. Built by Bovis Homes and completed in 2023, this attractive property offers contemporary accommodation throughout and represents an affordable route onto the property ladder.

The accommodation comprises an entrance hall, cloakroom, generous sitting room, stylish kitchen/dining room and separate utility room to the ground floor. On the first floor are well proportioned bedrooms and a family bathroom. The impressive principal bedroom benefits from a dressing area and en-suite shower room.

Outside, the property enjoys an enclosed garden, ideal for families and entertaining, together with two allocated parking spaces located to the rear.

Shared Ownership Information

The advertised price of £180,000 represents a 50% share of the property. The remaining 50% share is owned by Sage Homes, with a monthly rent payable of £496.23.

In addition, there is a monthly service charge of £57.18.

Purchasers will have the opportunity to acquire further shares in the property through a process known as staircasing, allowing ownership to increase over time up to 100%.

The property is currently held on a 990 year lease commencing December 2023. Upon staircasing to 100% ownership, the property would become freehold.