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    Appletree Close

    Ref: RS259654
    • House
    • 2
    • Garden

    Key Features

    • 80% Shared Ownership
    • Semi-detached House
    • Communal Car Parking
    • Electric Heating
    • Rear Garden
    • Double Glazed
    • Chain free

    This 2 bedroom property in Frogmore, Devon, is for sale using the Shared Ownership scheme.

    Frogmore is a quiet South Hams hamlet with shop and pub and is on a serviced bus route to Plymouth. Two Primary schools within 5 minutes and award winning secondary school in the local town of Kingsbridge (5 miles). The property is situated just 50 yards from Frogmore estuary and potential purchasers will benefit from being able to kayak, sail, fish within 2 minutes of their front door.

    The property is very well maintained and newly decorated throughout and has low cost electric heaters that can be individually set and/or turned on and off remotely via an app.

    Frogmore lies within the AONB (area of outstanding natural beauty) and is a stunning part of the country to live.

    Shared Ownership is another way to buy your home. You buy a percentage and pay rent on the rest. Guinness owns part of it – but you’re living there, you decorate it and decide when to sell.

    Buying a percentage means a smaller deposit and a smaller mortgage. It’s a sooner first step on the ladder for lots of people.

    Chain Free Resale
    £184,000 80% share
    Est. monthly costs £1,264.75*
    • Monthly rent £105.42
    • Service charge £29.41
    • Mortgage £1,129.92
    • *Est. monthly costs: Including Mortgage calculated using a representative rate of 5.5%, Rent and required Service Charge. These values are to be used for research purposes only.

    Monthly Costs Calculator

    25 years
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      Guinness Homes are not financial advisors, and this tool is to be used for research purposes only. Please contact a mortgage broker to discuss your finances.

      What is Shared Ownership?

      Learn more about how the Shared Ownership scheme works

      Read More A young female sat and using her laptop
      What is Shared Ownership?
      Shared Ownership is a way to buy your home if you otherwise couldn't afford to on the open market. You buy a share percentage of the home, which is usually 25-75%, pay a subsidised rent on the remaining share and pay a service charge. It's an ideal scheme for first-time buyers looking for a more affordable housing option to get on the property ladder. Click 'read more' to find out more about Shared Ownership.
      Am I eligible for Shared Ownership?
      To qualify for Shared Ownership, individuals must be over 18 years old and residents in the UK. There is a household income threshold. You must have a household income threshold of less than £80,000, but this increases to £90,000 if you buy a home in London.
      Can I buy more shares?
      Yes, you can buy more shares at a later date after you purchase your home. This is known as 'staircasing' and the amount your increase will depend on how much you can afford. Buying more shares will reduce future rent payments. Eventually you could own 100% of your home.
      How much deposit do I need?
      This depends on the full market value of the property and the size of the share you are purchasing, your mortgage lender and your credit rating. The benefit of Shared Ownership is that the deposit required will be significantly lower than if you were purchasing the property outright because you only need a deposit on the share you are buying. You should expect to have at least 5% deposit saved. Your mortgage advisor will tell you the exact amount of deposit you need. You can contact one of our panel of mortgage brokers to get a Mortgage in Principle.