3 bedroom house for sale
16 Geranium Row, , ST17 4FS
Share percentage 50%, full price £275,000, £6,875 Min Deposit.
Share percentage 50%, full price £275,000, £6,875 Min Deposit.
Monthly Cost: £1,131
Rent £315,
Service charge £50,
Mortgage £766*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
- Your household income does not exceed £80,000 (outside of London) and £90,000 (inside of London)
- You have a deposit of at least 5% of the share value
- You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
- This will be your only residence.
- You are a permanent UK resident or have indefinite right to remain.
Summary
Wonderful 3 bedroom semi-detached house in the Fairways development. The price advertised represents purchasing a 50% share of the home.
Description
Wonderful 3 bedroom semi-detached house in the Fairways development. The price advertised represents purchasing a 50% share of the home.
About the Development
The Fairways is an exciting new development of new homes located in the heart of Stafford. Built by St Modwen Homes; there is something for everyone as the development will be offering a selection of wonderful3 and 4 bedroomhomes. Stafford is a vibrant market town offering a range of amenities and schooling with The Fairways minutes from the town centre. Stafford includes a main line railway station to London which is ideal for commuters and has motorway links via the M6.
About the Home
Brand new semi-detached house featuring 2 parking spaces, a spacious living room, open plan kitchen/dining room and rear garden. There is also a ground floor WC, storage space.
On the first floor is 3 bedrooms, a family bathroom and further storage space.
About the Area
The Fairways is located in the town of Stafford with good access to the town centre. Cannock Chase, an area of outstanding natural beauty, is located just 30 minutes away including the historicShrugboroughHall. Stafford itself boast a castle,a popular public parkknowasStafford park, open public spaces such as Doxey Mashes and lies on the river Sow. There are a range of primary and secondary schools in the area and Stafford College located in the town centre.
Shared Ownership
The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller upfront payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright. You can buy a minimum 50% share of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.
T&Cs
*Please note images are for information purposes only and may not represent a true likeness for the units being sold. Some or all images have been digitally furnished to represent how the home could be laid out and the final colours/appearance may differ from the images.
*Services Charges will apply, speak to our Sales Agent for more information. Costs are subject to change.
Key Features
- Flooring throughout
- Rear garden
- Storage space
- 2 parking spaces
- There will be an added service charge
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor Plan Energy CertificateMap
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 £275,000, £6,875 Min Deposit. Calculated using a representative rate of 5.03%
