5 Haven Close, East Cowes
£60,000

New
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    5 Haven Close
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  • Second Floor Apartment
  • Shared Ownership
  • Spacious Accommodation
  • Allocated Parking

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Shared Ownership
This two bedroom apartment is available to buy from as little as £60,000 with a 40% share.
This two bedroom, second floor apartment is being offered chain free, the accommodation comprises a welcoming entrance hall, modern kitchen, good size lounge, two bedrooms and bathroom with white suite. Other benefits include allocated parking.

PRICING & AFFORDABILITY
Full Market Value: £150,000
40% Share Price: £60,000 (rent £206.25 pcm)
50% Share Price: £75,000 (rent
75% Share Price: £112,500 (rent

Minimum 5% Mortgage Deposit (40% share): £3,000

Approximate Service Charges: £916.18 per year or £76.39 per month*

Lease: A new 125 year lease will be provided.

ELIGIBILITY
The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller upfront payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright.

You can purchase 40% share of your home (the maximum you can buy initially is 75%) when you’re ready you can buy more shares until you staircase owning 100% of your home.

To be eligible for this shared ownership home you would need to meet the following criteria:

• Your 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.

Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.

Communal Entrance to Front
Stairs to second floor

Door To:

Entrance Hallway

Kitchen (1.83 x 2.98 (6'0" x 9'9"))

Lounge (5.25 x 3.65 (17'2" x 11'11"))

Bathroom (1.91 x 1.91 (6'3" x 6'3"))

Bedroom 1 (4.00 x 3.09 (13'1" x 10'1"))

Bedroom 2 (3.10 x 2.16 (10'2" x 7'1"))

Outside
To the rear of the block is the parking area with one allocated space

Services
Unconfirmed gas, electric, telephone, mains water and drainage.

Council Tax
Band B

Agents Note
Our particulars are designed to give a fair description of the property, but if there is any point of special importance to you we will be pleased to check the information for you. None of the appliances or services have been tested, should you require to have tests carried out, we will be happy to arrange this for you. Nothing in these particulars is intended to indicate that any carpets or curtains, furnishings or fittings, electrical goods (whether wired in or not), gas fires or light fitments, or any other fixtures not expressly included, are part of the property offered for sale.

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5 Haven Close
East Cowes, Isle Of Wight PO32 6GL
County: Isle Of Wight
Sale Type: For Sale
Ref #: 30953509
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