3 bedroom house for sale
Nuts Pightle, IP31 3FP
Share percentage 50%, full price £315,000, £7,875 Min Deposit.
Share percentage 50%, full price £315,000, £7,875 Min Deposit.
Monthly Cost: £1,439
Rent £482,
Service charge £59,
Mortgage £898*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
ELIGIBILITY
Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.
To be eligible for shared ownership you would need to meet the following criteria:
• Your annual household income does not exceed £80,000.
• 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.
*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.
Summary
This superb modern home is available to buy from as little as £157,500 with a 50% share!
Description
Shared Ownership
This superb modern home is available to buy from as little as £157,500 with a 50% share!
A well presented semi detached family home with accommodation that includes a spacious living room, kitchen/diner, ground floor cloakroom, three bedrooms (en suite to bedroom one) and bathroom. Externally is off road parking and an enclosed rear garden.
Thurston is situated approximately five miles east of the historic cathedral town of Bury St Edmunds and the village provides a good range of everyday facilities. More extensive facilities are available in Bury St Edmunds which offers an excellent range of schooling in the public and private sectors, extensive shopping facilities and a good range of leisure facilities including health clubs, swimming pools and golf clubs. Thurston train station is situated less than 1 mile from Nuts Pightle and the A14 dual carriageway is within a short drive which links the east coast ports, Newmarket, Cambridge and London via the M11 motorway.
PRICING & AFFORDABILITY
Full Market Value: £315,000
50% Share Price: £157,500 (rent £481.93pcm)
Minimum 5% Mortgage Deposit (50% share): £7,875
Approximate Service Charges: £58.81pcm*
Shared Ownership Lease: approx. 997 years
Council Tax Band: C
Key Features
Modern Shared Ownership home
Kitchen/diner
Parking
Garden
En suite
Less than 1 mile from Thurston train station
Particulars
Tenure: Leasehold
Lease Length: 997 years
Council Tax Band: C
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 50%, full price £315,000, £7,875 Min Deposit. Calculated using a representative rate of 5.26%
