3 bedroom house for sale
Maisemore close, Churchill north, B98 9LN
Share percentage 50%, full price £270,000, £6,750 Min Deposit.
Share percentage 50%, full price £270,000, £6,750 Min Deposit.
Monthly Cost: £1,080
Rent £314,
Service charge £14,
Mortgage £752*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 3 bed shared ownership property available in Churchill north, Redditch
Description
Modern, spacious three-bedroom semi-detached in Redditch is available for Shared Ownership. The property comprises a lounge leading to a conservatory and large garden, a kitchen with space for a dining table, two double bedrooms, and one single bedroom, bathroom with bathtub. There is also an integral garage.
Available for £135,000 for 50% share based on the marketing figure of £270,000.
Monthly rent - £314.27
Monthly Service Charge - £13.80
Total Monthly Charge - £328.07 plus mortgage required for 50% share.
An annual rent increase takes place every April
Lease informationYears remaining on lease: 95
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.
EPC ratingEnergy rating band - C
Environmental impact band - C
Key Features
- Three bedrooms
- Semi-detached house
- Conservatory
- Single garage
- Two storey
- Close to local amenities
- 5% Deposit
- Available for 50% 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 50%, full price £270,000, £6,750 Min Deposit. Calculated using a representative rate of 5.03%
