3 bedroom house for sale
11 Shire Way, PE6 0FX
Share percentage 50%, full price £225,000, £5,625 Min Deposit.
Share percentage 50%, full price £225,000, £5,625 Min Deposit.
Monthly Cost: £942
Rent £315,
Mortgage £627*
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
An immaculately presented three bedroom semi detached property in Thorney
Description
We are delighted to market this immaculately presented three bedroom semi detached property in Thorney on a 50% share under the shared ownership scheme.
The property includes a modern fitted kitchen, nicely presented lounge which provides access to the garden. As well as a downstairs cloakroom.
Upstairs includes two double bedrooms, a single bedroom and family bathroom.
*Information is correct to the best of our knowledge, please speak to the estate agent for more information*
Key Features
- Immaculately Presented
- Three bedrooms
- Open plan living/dining area
- Rear garden
- Off-Street Parking
- EPC Rating B
- Tenure:Leasehold (125 years from 29/06/2021)
- Share Available:50% (£112,500)
- Shared Ownership Rent:£315.18 per month (subject to annual review)
- Lease Management Fee:£25.61 per month (subject to annual review)
- Buildings Insurance:£9.02 per month (subject to annual review)
- Council Tax:Band B, Peterborough City 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 50%, full price £225,000, £5,625 Min Deposit. Calculated using a representative rate of 5.03%
