2 bedroom apartment for sale
Chain Court, Swindon, SN1 4GW
Share percentage 40%, full price £145,000, £2,900 Min Deposit.
Share percentage 40%, full price £145,000, £2,900 Min Deposit.
Monthly Cost: £738
Rent £260,
Service charge £155,
Mortgage £323*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Swindon, Wiltshire
Description
This stylish, bright & spacious two-bedroom flat is now available in Swindon through Shared Ownership.
Located on the first floor and just 4 minutes from Swindon town centre, this conveniently located flat comprises of an expansive living room, a private entrance hall, 2 bedrooms, a kitchen, 1 bathroom and storage cupboards. Allocated parking and communal spaces are also included. The flat is located within a three-story building with a communal entrance lobby.
Minimum income required: £23,363
This is reduced if a larger deposit is available.
More shares can be purchased, from a minimum of 5%.
Available for £58,000 for 40% share based on the marketing figure of £145,000.
Monthly rent - £260.05
Monthly Service Charge - £155.14
Total Monthly Charge - £415.19 plus mortgage required for 40% share.
An annual rent increase takes place every April
LocationLocal amenities include:
The Brunel Shopping Centre (25 minute walk/ 6 minute drive)
A selection of pubs, bars and restaurants (7 minute drive/ 20 minute walk)
Swindon town centre (4 minute drive/ 8 minute cycle)
A convenience store (1 minute walk)
Swindon train station (10 minute drive)
Swindon bus station (9 minute drive)
Designer Outlet Swindon (6 minute drive)
Mannington Recreation Ground (8 minute drive/ 17 minute cycle)
Town Gardens and Town Gardens Cafe (15 minute walk)
Sainsbury's (10 minute drive)
EPC ratingEPC rating - B
Lease informationYears remaining on lease: 973
In certain cases, 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.
Other informationThe advertised lease length is set to be extended through a simultaneous lease extension, which is already in progress and comes at no additional cost to the buyer. The current term of 82 years will be extended to an impressive 973 years.
Key Features
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor PlanMap
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: n/a
Outside Space/Garden: n/a
Year property was built: Enquire with provider
Unit size: Enquire with provider
Accessible measures: Enquire with provider
Heating: Enquire with provider
Sewerage: Enquire with provider
Water: Enquire with provider
Electricity: Enquire with provider
Broadband: Enquire with provider
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 40%, full price £145,000, £2,900 Min Deposit. Calculated using a representative rate of 5.03%
