2 bedroom apartment for sale
The Chimney, Junior Street, LE1 4QD
Share percentage 25%, full price £130,000, £1,625 Min Deposit.
Share percentage 25%, full price £130,000, £1,625 Min Deposit.
Monthly Cost: £785
Rent £390,
Service charge £214,
Mortgage £181*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Leicester, Leicestershire
Description
Spacious two-bedroom apartment in Leicester available through Shared Ownership. This ground-floor apartment comprises an entrance hall with a storage cupboard, an open plan kitchen and reception room, two bedrooms, and a bathroom. The property also benefits from an allocated parking space and access to communal grounds and areas.
Available for £32,500 for 25% share based on the marketing figure of £130,000.
Monthly rent - £389.78
Monthly Service Charge - £213.58
Total Monthly Charge - £603.36 plus mortgage required for 25% share.
An annual rent increase takes place every April
LocationThe property is located within a residential development in the center of Leicester. The property is within walking distance of all the amenities Leicester has to offer including, shops, restaurants, Leicester market, a cinema, leisure centre, and much more. Leicester train station is roughly a 10-minute drive from the property and offers connections to London, Nottingham, Sheffield, Birmingham, and more.
EPC ratingEnergy rating band - C
Environmental impact band - B
Gross internal floor area: 63 m²
Living room & kitchen: 6.91 x 3.63 m
Bedroom 1: 4.62 x 2.90 m
Bedroom 2: 4.14 x 2.72 m
Hallway: 7.39 x 2.03 m
Years remaining on lease: 971
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 subject to a simultaneous lease extension upon completion at no cost to the buyer.
Key Features
- Two-bedroom apartment
- Ground floor
- Gated allocated parking
- Modern building (ca. 2005)
- Available for 25% share
- 5% minimum deposit only
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 25%, full price £130,000, £1,625 Min Deposit. Calculated using a representative rate of 5.03%
