2 bedroom house for sale
Bader Place, , SS14 3UE
Share percentage 35%, full price £355,000, £12,425 Min Deposit.
Share percentage 35%, full price £355,000, £12,425 Min Deposit.
Monthly Cost: £1,127
Rent £493,
Service charge £7,
Mortgage £627*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Basildon, Essex
Description
Spacious, well-presented, contemporary, two-bedroom terraced house in Basildon is available through Shared Ownership. This home comprises a bright, large living room with doors to garden, modern kitchen, double bedroom with a built-in wardrobe and balcony with great views of garden and beyond, a second bedroom, bathroom with bathtub and an en-suite shower room. The property has a fantastic design and has the additional benefit of parking and a garden with a patio and grass.
Minimum income required: £45,379
This is reduced if a larger deposit is available.
More shares can be purchased, from a minimum of 5%.
Available for £124,250 for 35% share based on the marketing figure of £355,000.
Monthly rent - £492.86
Monthly Service Charge - £7.33
Total Monthly Charge - £500.19 plus mortgage required for 35% share.
An annual rent increase takes place every April
Lease informationYears remaining on lease: 96
The remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.
Other informationKey Features
- Two bedrooms
- Balcony
- Rear garden
- Two bathrooms - En-suite bathroom
- Parking
- End terraced house
- Close to local amenities
- 5% deposit
- Available for 35% share
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor PlanMap
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 35%, full price £355,000, £12,425 Min Deposit. Calculated using a representative rate of 4.59%
