3 bedroom house for sale
16 Beresford Drive, Beresford Drive, EX39 1FW
Share percentage 45%, full price £345,000, £7,763 Min Deposit.
Share percentage 45%, full price £345,000, £7,763 Min Deposit.
Monthly Cost: £1,355
Rent £435,
Service charge £55,
Mortgage £865*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
- Your household income does not exceed £80,000 (outside of London) and £90,000 (inside of London)
- You have a deposit of at least 5% of the share value
- You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
- This will be your only residence.
- You are a permanent UK resident or have indefinite right to remain.
Summary
Brand new 3 bedroom house on the Bay View development. The price advertised represents purchasing a 45% share of the home.
Description
Brand new 3 bedroom house on the Bay View development. The price advertised represents purchasing a 45% share of the home.
About the Home
The Hazel is an attractive three bedroom home with looks to
impress.
The spacious, well planned sitting room is ideal for any social
gathering. It leads off to a corridor, separating the sitting room
from the kitchen/dining room, which has doors leading to a
handy understairs cupboard and cloakroom. It’s hard not to
be impressed by the brightly lit kitchen/dining area featuring
French doors and sunny kitchen window. This versatile space
is equally suited for entertaining your visitors or cooking the
family meal while watching the television. Regardless of your
plans, you can rely on a superbly planned out kitchen, with
plenty of space.
Upstairs you will find three bright bedrooms, perfect for
growing families or offering your guests a room for the night.
Having visitors stay over is made easier by having two upstairs
bathrooms, one en-suite to bedroom one and a separate
bathroom. Bedroom three gives you a storage cupboard to put
away your clutter and ensure a relaxing home for everyone to
enjoy.
Shared Ownership
The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller upfront payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright. You can buy a minimum 50% share of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.
· Local criteria may apply to satisfy Local Authority terms
· Service charge will apply
Please ask Sales Advisor for further information.
Key Features
- NHBC Warranty
- En suite to bedroom1
- French doors to garden
- Downstairs cloakroom
- Separate sitting room
- Service charge will apply
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor Plan Energy CertificateMap
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 45%, full price £345,000, £7,763 Min Deposit. Calculated using a representative rate of 5.03%
