3 bedroom house for sale
Darvel Down, Netherfield, TN33 9QF
Share percentage 50%, full price £434,995, £10,875 Min Deposit.
Share percentage 50%, full price £434,995, £10,875 Min Deposit.
Monthly Cost: £1,783
Rent £498,
Service charge £73,
Mortgage £1,212*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
Three Bedroom End Terrace Home
Description
Call now to find your dream home via Shared Ownership.
SHARED OWNERSHIP three Bedroom home available to purchase from a 50% share £217,498 with a minimum 5% deposit £10,875. Maximum amount to purchase initially is 75%.
Full market value: £434,995.
A great opportunity to get onto the property ladder and live in this contemporary, spacious three bedroom home in the favoured Netherfield village.
Introducing a charming enclave of Shared Ownership residences nestled in the serene village of Netherfield, just outside Battle, East Sussex. Tucked away on a tranquil crescent, this development offers a selection of 2, 3 & 4 bedroom homes tailored for First Time Buyers, Young Families, Upsizers & Downsizers alike.
Convenience is paramount, with the village's primary school, post office, village shop, coffee house, and pub all within a stone's throw. Additionally, the nearby town of Battle boasts an array of independent shops, cafes, and restaurants to explore. History enthusiasts will delight in visiting Battle Abbey and other nearby historic landmarks, ensuring there's something for everyone to enjoy.
For those seeking seaside adventures, the coastal towns of Eastbourne and Hastings are easily accessible by car, promising delightful days by the sea.
Contact us today to delve into the finer details of this remarkable collection of homes and secure your slice of countryside bliss.
** Please note plots 18, 19 & 20 must have a live/work connection to the Rother Borough **
Financial Breakdown:
Full market value: £434,995
50% share value: £217,498
5% deposit: £10,875
Rent charged on unowned share: 2.75%
Rent on unowned share (50%): £498 per month
If you can’t afford the mortgage or deposit on 100% of a home, Shared Ownership offers you the chance to buy a share of your home (between 25% and 75%) and pay rent on the remaining share.
Later on, you could buy bigger shares when you can afford to and, if you chose, own the property outright. Monthly costs to purchase via Shared Ownership are generally less than purchasing outright or renting, making it a fantastic option to get onto the housing ladder.
Note: Photos & virtual tours are representative of a similar property but not the one which the buyer may be purchasing.
Particulars
Tenure: Leasehold
Lease Length: 125 years
Council Tax Band: New build - Council tax band to be determined
Property Downloads
Floor Plan BrochureVirtual Tour
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 50%, full price £434,995, £10,875 Min Deposit. Calculated using a representative rate of 5.03%
