3 bedroom house for sale
8 Redwood Way, PR8 5FD
Share percentage 50%, full price £245,000, £6,125 Min Deposit.
Share percentage 50%, full price £245,000, £6,125 Min Deposit.
Monthly Cost: £954
Rent £229,
Service charge £43,
Mortgage £682*
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
A beautifully presented 3-bedroom home in Southport, Merseyside
Description
Located in Kew the property has numerous transport links and is situated nearby award winning schools, making it perfect for commuters, first-time buyers and families alike.
The property briefly comprises on the ground floor: a welcoming entrance hall, spacious lounge, WC and a modern kitchen/dining area with a fitted kitchen, integrated appliances and French door leading to the rear garden.
The first floor presents two double bedrooms, one of which is accompanied by a contemporary three-piece ensuite shower room, a further single bedroom and a three-piece family bathroom.
Externally the property offers a driveway to the front for off road parking and a sun catching garden with patio area to the rear.
*Information is correct to the best of our knowledge, please speak to the estate agent for more information*
Key Features
- Three bedrooms
- Spacious lounge
- Modern kitchen/dining area with a fitted kitchen
- French door leading to the rear garden
- Contemporary three-piece ensuite shower room
- Three piece family bathroom
- Driveway for off road parking
- Sun catching garden to the rear
- Tenure:Leasehold (125 years from 25/02/2022).
- Share Available:50% (£122,500).
- Shared Ownership Rent:£278.07 per month (subject to annual review).
- Lease Management Fee:£22.38 per month (subject to annual review).
- Annual Buildings Insurance:£131.70 per annum (subject to annual review).
- Estate Charge:£10.00 per month (subject to annual review).
- Council Tax:Band C, Sefton Council.
Particulars
Tenure: Leasehold
Lease Length: 125 years
Council Tax Band: C
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 £245,000, £6,125 Min Deposit. Calculated using a representative rate of 5.03%
