1 bedroom apartment for sale
Flat 11, The Hollies, Stanley Street, NR32 3DF
Share percentage 75%, full price £50,000, £1,875 Min Deposit.
Share percentage 75%, full price £50,000, £1,875 Min Deposit.
Monthly Cost: £396
Rent £75,
Service charge £112,
Mortgage £209*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
The apartment is located on the second floor of an apartment block.
Description
Accommodation
Ground Floor: Kitchen, Living Room, one bedroom and a bathroom.
The property comprises of PVC double-glazed windows, a door to the apartment, as well as communal entrance doors.
External: Communal parking only.
Location
The property is in an established residential area and affords easy access to the region’s road and train networks.
It is also within walking distance of the local amenities.
Vendor Information
The building has a secure access door with a key-code/fob entry. The flat is on the top floor accessible by stairs or by lift.
As you pass through the main door into the hallway, you are greeted by a storage cupboard. You can also find the bathroom off the hallway, with toilet, basin and shower over bath.
As you progress through the flat you have the double sized bedroom with a window overlooking the rear of the building.
The good size lounge, has an archway leading directly into the fitted kitchen, again with a window over the looking the rear.
This property is being sold with an owner occupied stipulation in the lease agreement, therefore cannot be a buy to let investment.
Useful Information:
- Town Centre
- Close to Train Station
- Short walk to Beach/Pier
- 95 Year Lease
- Double Glazing
Key Features
Purchase Information
For Sale is a 75% share of the property for £37,500 with an additional monthly charge of £186.39 which includes rent and service charge.
Additional Information
If you require any further information or wish to arrange a viewing, please contact Orbit Home Ownership Services using the details provided.
Particulars
Tenure: Not specified
Council Tax Band: A
Map
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 75%, full price £50,000, £1,875 Min Deposit. Calculated using a representative rate of 5.03%
