Share percentage 35%, full price £370,000, £12,950 Min Deposit.
Monthly Cost: £1,287
Rent £551,
Service charge £68,
Mortgage £668*
Calculated using a representative rate of 4.80%
Calculate estimated monthly costs
Applicants must complete an application form to demonstrate that they meet the general eligibility criteria for Shared Ownership.
Existing homeowners must have a buyer in place.
Affordability checks will be required.
Summary
Two two-bedroom mid terraced houses
Description
These newly built homes offer modern conveniences inside and out in an ideal location.Expected September 2024 (subject to change). Apply now to reserve 'from plan'.
With over fifty acres of public open space, the large parkland on the development has been designed to provide residents with the opportunity to enjoy outdoor recreation on their doorstep. The central green has a children’s play area and plans are underway to provide outdoor recreation facilities for all ages, including a further children’s play area, allotments, community orchard, an informal ‘kickabout area’ and a dedicated space equipped for teenagers. Surrounded by the Essex countryside and close to the coast, those that enjoy the great outdoors will be in their element.
Rayleigh town centre offers a great mix of independent shops, groceries, restaurants, cafes and pubs, as well as an historic weekly market. Families are drawn to Rayleigh for its excellent range of education options including seven primary schools and two secondary schools.
For traveling further afield, the development is conveniently positioned close to key trunk roads the A127 and A130 connecting you with other towns and the motorway network. Rayleigh station, two miles away, is on the mainline between London Liverpool Street and Southend Victoria. There are several bus services including routes to Rayleigh Rail Station, Southend, Chelmsford Rail/Bus Station, Broomfield Hospital and Stansted Airport. For international travel, Southend airport is just seven miles away and Stansted airport around 30 miles.
Key Features
- Gas central heating
- Double glazing
- NHBC Warranty
- Private garden
- Allocated Parking
- Electric Vehicle Charging Point
- Fully fitted kitchen with integrated appliances
- Flooring throughout
Particulars
Tenure: Leasehold
Lease Length: 990 years
Council Tax Band: New build - Council tax band to be determined
Property Downloads
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 35%, full price £370,000, £12,950 Min Deposit. Calculated using a representative rate of 4.80%
