3 bedroom house for sale
11 Portland Road, DL6 2BQ
Share percentage 50%, full price £315,000, £7,875 Min Deposit.
Share percentage 50%, full price £315,000, £7,875 Min Deposit.
Monthly Cost: £1,303
Rent £414,
Service charge £12,
Mortgage £877*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
The GLA and Homes England set the eligibility criteria for Shared Ownership, but broadly speaking you must:
- Not own another property in the UK or any other country.
- Have a household income that falls below £90,000 (£80,000 threshold outside the M25). Every property will have a minimum income level too, determined by its’ value, rent and service charge costs. In most cases you will need to meet or exceed the given minimum income.
- Have access to a minimum deposit of 10% of the share being purchased (a minimum deposit of 5% of the share being purchased may be acceptable depending on individual financial status).
- Be in full time permanent employment.
- Be a British, EU or EEA Citizen or have indefinite leave to remain in the UK.
- Have a good credit history.
Summary
4-bedroom Shared Ownership resale available in Northallerton
Description
Welcome to this fantastic 4-bedroom detached property available for 50% shared ownership, situated in a prime location surrounded by a variety of amenities, excellent transport links, and well-regarded schools. This home offers a comfortable and spacious living space, with a range of features that are sure to impress.
As you enter the property, you are greeted by a welcoming lounge area with a bay window, allowing for plenty of natural light to fill the room. The open-plan kitchen diner is thoughtfully designed, complete with integrated appliances, making cooking and dining a seamless experience. From here, you have convenient access to the garden through doors that provide a lovely view and allow for a perfect indoor-outdoor flow. Additionally, there is a ground floor W/C.
Heading upstairs, you'll find three double bedrooms, each equipped with built-in wardrobes, providing ample storage space for all your belongings. There is also a single bedroom, perfect for a child's room, guest room, or home office. The family bathroom is tastefully appointed. Furthermore, the master bedroom boasts an en-suite bathroom.
The property comes with an integrated garage and driveway, ensuring secure parking for your vehicles and additional storage space. The large rear garden is a delightful feature, providing plenty of room for outdoor activities, gardening, and entertaining friends and family.
*Information is correct to the best of our knowledge, please speak to the estate agent for more information*
Key Features
- Great Location
- Four Bedrooms
- Ground Floor W/C
- Driveway
- Two Bathrooms
- Integrated Garage and Driveway
- Rear Garden
- Open plan kitchen/diner
- Tenure:Leasehold (125 years from 21/06/2019).
- Share Available:50% (£157,500).
- Shared Ownership Rent:£414.28 per month (subject to annual review).
- Service Charge:£12.00 per month (subject to annual review)
- Lease Management Fee:£23.46 per month (subject to annual review)
- Buildings Insurance:£17.76 per month (subject to annual review)
- Council Tax:Band D, Hambleton Council
Particulars
Tenure: Leasehold
Lease Length: 125 years
Council Tax Band: D
Property Downloads
Key Information Document 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 50%, full price £315,000, £7,875 Min Deposit. Calculated using a representative rate of 5.03%
