3 bedroom house for sale
***UNDER OFFER*** 18 Cottington Close, CT12 5GQ
Share percentage 60%, full price £370,000, £11,100 Min Deposit.
Share percentage 60%, full price £370,000, £11,100 Min Deposit.
Monthly Cost: £1,698
Rent £401,
Service charge £60,
Mortgage £1,237*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
This property is a terrace house.
Description
Accommodation
Ground Floor: Entrance Hall/Stairs, Kitchen, Living Room, and a Guest Cloakroom/WC.
First Floor: Landing, Two Bedrooms, Third Bedroom with en-suit and a Bathroom/WC.
Improvements: Detached timber home office in the rear garden.
External: Allocated parking spaces and lawned gardens.
Location
This property is positioned in a mainly residential area of average demand with an average level of local amenities.
Key Features
Purchase Information
For Sale is a 60% share of the property for £222,000.00 with an additional monthly charge of £460.77 which includes Rent, Insurance & Service Charge.
The Full Market Value of £370,000.00 does not consider the extensive improvements that have been undertaken in this property.
Therefore, the 60% share of £222,000.00 has an additional £10,000.00 to be added to cover the improvement value bringing the total payment required to £232,000.00.
Please take this into account with your finances as Mortgage Lenders will only loan on the market share valuation and not consider the improvements value. You will therefore require a large deposit of £10,000.00 plus any that your lender requires.
Additional Information
If you require any further information or wish to arrange a viewing, please contact Orbit Home Ownership Services using the details provided.
Particulars
Tenure: Not specified
Council Tax Band: D
Map
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 60%, full price £370,000, £11,100 Min Deposit. Calculated using a representative rate of 5.03%