- Second Floor Apartment
- Shared Ownership
- Spacious Accommodation
- Allocated Parking
Why Wait? View this property now via our Online Video Tour....................
PRICING & AFFORDABILITY.
Full Market Value: £150,000.
40% Share Price: £60,000 (rent £206.25 pcm)
50% Share Price: £75,000 (rent £171.88 pcm)
75% Share Price: £112,500 (rent £85.94 pcm).
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 you can purchase can vary 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.
*Service charges are estimated and may subject to change.
** Property is 'sold as seen'
Communal Entrance to Front
Stairs leading to Second Floor
Door to :
Lounge (5.27 x 3.67 (17'3" x 12'0"))
Kitchen (3.05 x 1.83 (10'0" x 6'0"))
Bedroom 1 (3.10 x 3.10 (10'2" x 10'2"))
Bedroom 2 (3.18 x 2.16 (10'5" x 7'1"))
Bathroom (1.98 x 1.92 ( 6'5" x 6'3"))
To the rear of the block is the parking area with one allocated space
Unconfirmed gas, electric, telephone, mains water and drainage.
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.