2 bedroom apartment for sale
Kingfisher Close, Warwick, CV34 5GD
Share percentage 70%, full price £285,000, £19,950 Min Deposit.
Share percentage 70%, full price £285,000, £19,950 Min Deposit.
Monthly Cost: £1,474
Rent £237,
Service charge £230,
Mortgage £1,007*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a Two Bedroom Flat on a Shared Ownership (Part Buy/Part Rent) Basis
Description
A spacious and smartly presented flat which occupies a favourable position within this recently-constructed development. The property is on the fourth floor and has a dual-aspect reception room with a naturally-lit, semi-open-plan kitchen featuring integrated appliances. The eighteen-foot main bedroom includes a fitted wardrobe and en-suite shower room. There is also a second, comfortable, double bedroom and an attractive, high-spec bathroom. The flat has two south-east-facing balconies that overlook the River Avon and Pottertons Field. Well insulated walls and high performance glazing make for a good energy-efficiency rating. The flat comes with a garage plus use of a parking space and is within easy reach of both Warwick and Leamington Spa town centres. Ofsted list three primary schools within half a mile, all rated either 'Good' or 'Outstanding'.
SHARED OWNERSHIP (Advertised price represents 70% share. Full market value £285,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ http://tinyurl.com/2umadk24]
(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)
Housing Association: Clarion.
Tenure: Leasehold (125 years from 2019).
Share Available: 70% (£199,500).
Shared Ownership Rent: £237.22 per month (subject to annual review).
Service Charge: £230.14 per month (subject to annual review).
Ground Rent: £250.00 for the year.
Guideline Minimum Income: Dual - £52,400 | Single - £60,000 (based on minimum share and 10% deposit).
Council Tax: Band C, Warwick District Council. Priority is given to applicants living and/or working in this local authority.
This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone. Pets only permitted with permission from Clarion which would need to be applied for after completion of sale (exception made for assistance animals).
Key Features
- Guideline Minimum Deposit £19,950
- Guide Min Income - Dual £52.4k Single £60k
- Fourth Floor (building has a lift)
- Approx. 852 Sqft Gross Internal Area
- High Performance Glazing
- Bathroom plus En-Suite Shower Room
- Two Balconies
- Garage plus Additional Parking Space
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: C
Property Downloads
Key Information Document Floor Plan 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 70%, full price £285,000, £19,950 Min Deposit. Calculated using a representative rate of 4.59%