3 bedroom house for sale
43 Bradbury Way, Ferryhill, DL17 0GZ
Share percentage 25%, full price £168,000, £2,100 Min Deposit.
Share percentage 25%, full price £168,000, £2,100 Min Deposit.
Monthly Cost: £614
Rent £343,
Service charge £37,
Mortgage £234*
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 Chilton, County Durham
Description
Recently constructed by Avant homes, this "Kilmington" house type would be an ideal property to get on the ladder. The traditional construction but modern design will appeal to families and first time buyers, and the size and quality of the property will appeal to many. It has gas central heating via combi boiler and radiators, with double glazing throughout.
The accommodation comprises of an entrance vestibule with store, leading to the open plan kitchen diner. This room also features a utility cupboard under the stairs with plumbing for a washing machine. The kitchen itself features high gloss units with wooden effect worktops and some integrated appliances that comprise of a gas hob, sink with mixer tap, oven with separate grill and fridge freezer. There is a very generous sized cloakroom/WC and a living room at the rear of the property with bifold doors leading to the garden, and a media wall.
On the first floor there are three bedrooms - the master having fitted wardrobes and an ensuite shower room. the house bathroom completes the layout. Externally, the house has a small front garden, off street parking for two cars on the block paved driveway and a family friendly garden to the rear.
Bradbury way is located towards the outskirts of Chilton and is well placed in terms of transport links as the A167 and A689 are close by providing easy connections to a number of the regions other towns making this property a great spot for any commuters. Chilton itself has a selection of local shops and amenities.
*Information is correct to the best of our knowledge, please speak to the estate agent for more information*
Key Features
- Open plan kitchen/diner
- 2 double bedrooms
- Ensuite to the principal bedroom
- Downstairs WC
- Rear garden
- Driveway
- Tenure:Leasehold (120 years from 28/06/2019).
- Share Available:25% (£42,000).
- Shared Ownership Rent:£342.91 per month (subject to annual review).
- Lease Management Fee:£23.46 per month (subject to annual review).
- Annual Buildings Insurance:£13.35 per annum (subject to annual review).
- Estate Charge:£36.81 per month (subject to annual review).
- Council Tax:Band B, Durham County Council.
Particulars
Tenure: Leasehold
Lease Length: 125 years
Council Tax Band: B
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 25%, full price £168,000, £2,100 Min Deposit. Calculated using a representative rate of 5.03%
