2 bedroom apartment for sale

Available

The Chimney, Junior Street, LE1 4QD

£32,500 · Shared Ownership Resale

Share percentage 25%, full price £130,000, £1,625 Min Deposit.

Available
2 bedrooms
Floor plan
floor-plan
Floor plan
floor-plan
£32,500 Shared Ownership Resale

Share percentage 25%, full price £130,000, £1,625 Min Deposit.

Monthly Cost: £789
Rent £390, Service charge £214, Mortgage £185*

Calculated using a representative rate of 5.26%

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

Location

The 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 rating

Energy rating band - C
Environmental impact band - B

Layout and dimensions

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

Lease information

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 information

The 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 Plan
Map
Leicester (0.75 miles) South Wigston (3.93 miles) Syston (4.37 miles)
Monthly Cost Calculator

The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.

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  • 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.

£32,500
Shared Ownership Resale
Estimated Monthly Cost:£789
Rent £390
Service Charge £214
Mortgage £185

Share percentage 25%, full price £130,000, £1,625 Min Deposit. Calculated using a representative rate of 5.26%


Disclaimer
The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.