3 bedroom house for sale
South Fields, Stobhill, NE61 2HU
Share percentage 50%, full price £279,990, £7,000 Min Deposit.
Share percentage 50%, full price £279,990, £7,000 Min Deposit.
Monthly Cost: £1,112
Rent £321,
Service charge £11,
Mortgage £780*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
You are eligible to purchase a Home Reach property in England or Wales if:
· Your household income does not exceed £80,000 per annum for homes outside of London (£90,000 in London)
· You have a deposit (at least 5% of the share value)
· You are a first-time buyer or used to own a home, but cannot afford to buy outright now
· The shared ownership property will be your principle and only home
· You have passed a financial assessment, demonstrating you are financially able to purchase the minimum share value and support the monthly costs.
· Household minimum income must be above £12,000
Summary
A selection of 3-bedroom homes available
Description
The Moresby is a beautiful three bedroom home ideal for growing families. On the ground floor you will find an open-plan kitchen and dining area with French doors leading to the rear garden.
Upstairs there are two double bedrooms, the main bedroom with ensuite shower room. On the first floor you will also find a single bedroom and a family bathroom.
*Images are for illustrative purposes only. Please speak to Sales Adviser for full details*
**Prices vary across plots, please speak to a sales advisor for more information**
Service charge outlined on this portal is heylo’s monthly lease management fee and if applicable, includes an estimated monthly buildings insurance charge. Additional Estate and Service charge fees may apply and are available directly from the sales team on site.
Key Features
- Open plan kitchen/diner
- Separate living area
- Downstairs cloakroom
- Built-in storage
- French doors to the rear garden
- Ensuite shower room
- Fitted kitchen
- Integrated Zanussi oven/hob/hood
- Full central heating
- Smoke alarm is included
- Carbon monoxide alarm is included
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: New build - Council tax band to be determined
Property Downloads
Key Information DocumentMap
The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.
- Rent: This is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes).
- Service Charge: Covers maintenance and repairs for communal areas within your development.
- Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.
NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.
Share percentage 50%, full price £279,990, £7,000 Min Deposit. Calculated using a representative rate of 5.03%
