£119,850 Prices From

MacPherson Road, Dunbeg, Oban, Argyll and Bute, PA37 1AR

2 bedroom terraced house for sale


Property Details

Link has two bedroom terraced houses available for sale through the Scottish Government's New Supply Shared Equity (NSSE) scheme at Dunbeg, Oban. NSSE applications are open and properties are available for reservation now.

Through the Scottish Government's NSSE scheme, buyers can purchase an equity stake in the property of between 51% and 80% subject to their suitability and scheme criteria.

Our sales brochure and full pricing information are available on the Link Housing website, or by request via email.

Two bedroom terraced houses comprise:

  • Two double bedrooms with fitted wardrobes
  • Open plan kitchen and dining area
  • White goods package including electric oven, hob and cooker hood
  • Bathroom with Mira Minilite thermostatic mixer shower over bath
  • Downstairs W.C
  • Patio door from kitchen dining area to garden
  • Turfed private garden with whirligig, ample bin storage and fencing
  • Energy efficient Mitsubushi Ecodan Air Source Heat Pump unit
  • Hardwood internal doors with satin finished handles
  • Double glazing
  • Unallocated residents parking throughout the development
  • EPC rating: B
  • Council tax band: C

Dunbeg Phase 3 is a mixed-tenure development comprising 260 homes for affordable rent and 40 homes for sale through the Scottish Government's New Supply Shared Equity (NSSE) scheme. Link Group reserves the right to convert any homes originally intended for NSSE sale which are unsold to affordable rented homes to be managed by West Highland Housing Association.

Property information

Type E1 - Two bedroom terraced house

£235,000 (buyer contribution £119,850 - £188,000)

Various plots available

Factoring costs

Properties at Dunbeg will be factored by West Highland Housing Association. Each property will pay approximately:

Approximate Initial factoring costs (2022/23)

Houses: £10 per month

Approximate ongoing factoring costs (2023/24) as more landscaped areas are

Houses: £45 per month

Services covered by the factoring fee include:
• Communal ground maintenance
• Play parks insurance and maintenance
• Multiuse games area insurance and maintenance
• Management fee

Golden Share

To protect the supply of affordable housing in the area, the Scottish Ministers will retain a 10% equity stake in the property, known as a 'golden share'. For example, if a buyer purchased an initial equity stake of 70% and wished to increase their share in future, they may only increase up to a maximum of 90% as the property has a 'golden share' provision attached. When the property is sold, the Scottish Government must be offered the opportunity to purchase it.

Apply for a property

To reserve a property, you must first apply to the NSSE scheme. Please complete the online application form, which can be found only on the Link Housing Website, within the property advert.

For more information, email sales@linksharedequity.co.uk or phone 01324 417 135.

To reserve a property, please complete an application form stating which plot you would like to reserve (you can include a first and second choice - please refer to the sales brochure for details of each plot). Plots will be allocated on a first come, first served basis on receipt of a complete application with supporting documents. Applications will only be assessed when all supporting documents have been received.

To support your application, you are required to provide the following documents for all applicants, regardless of if they are named on the mortgage:

  • One mortgage decision in principle, unless you are over 60 and applying without a mortgage
  • Your most recent 3 months' bank statements for all savings held for each applicant
  • Your most recent 3 months' (or 12 weeks) payslips for each applicant
  • If you are self-employed, a copy of your last years accounts or most recent SA302 tax form
  • Your most recent award notice for any benefit payments including Universal Credit, Working Tax Credit and Personal Independence Payment
  • Confirmation of all savings held for each applicant
  • Proof of accommodation status such as tenancy agreement, mortgage redemption statement or letter from parent or guardian if living with them
  • If you have a disability, a letter or report from a medical professional, such as a Consultant or your GP, advising what your housing need is and why your current home is unsuitable (e.g. you are unable to manage the stairs or require a bedroom on ground floor)
  • If you have left the Armed Forces within the last two years, a discharge letter or other official document showing the date you left

Please ensure you have all of this information before proceeding with an application form.

If your application is successful, we will contact you and request that you pay a reservation fee of £250 to secure the property. If you choose to withdraw your application after you have paid the reservation fee, £100 will be refunded.

This house description is based upon information supplied by the owner, or on behalf of the owner. These property particulars are produced in good faith and do not constitute or form part of any contract. s1homes do not take any responsibility for the accuracy of the information contained in this document.

01324 228373 Link Housing

Property value

Property priced under valuation by: £115,150

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01324 228373 Link Housing