3 bedroom terraced house for sale

Shared Ownership

This superb modern home is available to buy from as little as £152,500 with a 50% share!

This well-presented terraced home is arranged over two floors and offers a practical, modern layout suited to a range of buyers. On the ground floor, the property features a welcoming reception room that provides a comfortable space for everyday living and entertaining. To the rear, an open-plan kitchen and dining area creates a sociable heart to the home, with ample room for cooking, dining, and gathering, and direct access to the outside. A conveniently located cloakroom completes the ground floor accommodation.
The first floor is thoughtfully arranged to maximise privacy and functionality. There are three well-proportioned bedrooms, offering flexibility for family living, guests, or home working. A contemporary family bathroom serves the bedrooms, with a layout designed for ease of use and comfort.
Overall, the property combines a sensible layout with bright, well-defined living spaces, making it an appealing option for those seeking a balanced home environment. Its arrangement supports both day-to-day living and entertaining, while the clear separation between living and sleeping areas enhances comfort and practicality.
Outside, there is a private well-presented garden and this property benefits from allocated parking at the end of the garden.

The property is situated in a popular residential area of Gloucester, well regarded for its convenience and community feel. A range of local amenities are close at hand, including shops, supermarkets, schools, and everyday services, with additional retail, leisure, and dining options available in Gloucester city centre. The area is well served by transport links, offering easy access to the M5 motorway for travel north and south, while Gloucester railway station provides regular services to regional and national destinations. Nearby green spaces and walking routes further enhance the appeal, making the location well suited to both families and professionals seeking a balance of accessibility and lifestyle.

PRICING & AFFORDABILITY

Full Market Value: £305,000

50% Share Price: £152,500 (rent £436.71 pcm)
Minimum 5% Mortgage Deposit (50% share): £7,625
Approximate Service Charges: £17.54 pcm*
Lease: 120 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.

* This home can also be purchased outright (100% of the value) which is £305,000 and a purchaser would not need to meet the eligibility criteria listed above.