2 bedroom apartment for sale
Nye House, 324 Sherlock Street, B5 7EQ
Share percentage 40%, full price £235,000, £4,700 Min Deposit.
Share percentage 40%, full price £235,000, £4,700 Min Deposit.
Monthly Cost: £1,079
Rent £330,
Service charge £225,
Mortgage £524*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Eligibility
You may be eligible for this property if:
· Register your interest (pink button on the right)
· Have a passed initial financial assessment with one of the below companies:
SRC Mortgage Solutions (https://www.srcmortgagesolutions.com/)
TMP The Mortgage People (tmpmortgages.co.uk)
Mortgage Advice Bureau | UK’s leading mortgage intermediary (https://www.mortgageadvicebureau.com)
· You have a gross household income of no more than £80000 per annum when eligible to purchase.
· Live or work in the borough
· You are unable to purchase a suitable home to meet your housing needs on the open market. (Shares cannot be purchased in cash unless you are unable to obtain a mortgage due to age or religious grounds)
· You do not already own a home, or you will have sold your current home before you purchase or rent.
· To purchase this 40% minimum share you will need a minimum joint household income of £4900 and available savings of £4900 for a 5% mortgage deposit.
Summary
Southern Housing are delighted to offer for sale this well-presented 2-bedroom 2nd floor apartment at the highly sought after NYE House
Description
Immaculate 2 bed, 2-bathroom property which is ideal for those wishing to get onto the Birmingham property market.
This property comprises of bright, generously sized rooms, 2 parking spaces and superb transport links.
Due to the estimated high demand for this property, viewing asap is strongly advised.
Lease Term: 125 years from an including 23 July 2021
EPC Rating: B
Council: Birmingham
Council tax band: C
Floor size:63m2
Viewings by appointment only. Please note Social Distancing measures need to be followed. Please contact resales via e-mail [email protected] or [email protected] for the vendors details.
Once you have viewed the property, if you wish to apply, application form attached to the viewing email, need to be returned to Southern Housingasap as this a first come first serve property
Please note though that if a high volume of applications is received, the deadline might be brought forward.
*Please note the successful applicant will be required to pay a £250 non-refundable reservation fee once offered the property
Key Features
A short walk to Birmingham's thriving commercial centre, New Street Station and Grand Central shopping centre.
Parking: all residents are entitled to a parking space.
Public transport: a bus stop into town is in very close proximity to the apartment. Birmingham New Street station is also a short walk away.
NEAREST STATIONS
Five Ways Station
0.7 miles
Birmingham New Street Station
0.7 miles
Birmingham Moor Street Station
0.9 miles
NEAREST SCHOOLS
Chandos Primary School
State School
Ofsted: Good
0.3 miles
Oasis Academy Woodview
State School
Ofsted: Requires improvement
0.3 miles
Ark St Alban's Academy
State School
Ofsted: Requires improvement
0.3 miles
St Catherine of Siena Catholic Primary School
State School
Ofsted: Outstanding
Particulars
Tenure: Leasehold
Lease Length: 125 years
Council Tax Band: C
Property Downloads
BrochureMap
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 40%, full price £235,000, £4,700 Min Deposit. Calculated using a representative rate of 5.03%
