2 bedroom apartment for sale
The Space, Tavistock Street, CV32 5PJ
Share percentage 50%, full price £200,000, £5,000 Min Deposit.
Share percentage 50%, full price £200,000, £5,000 Min Deposit.
Monthly Cost: £1,077
Rent £345,
Service charge £175,
Mortgage £557*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
You may be eligible for this property if:
· You have a gross household income of no more than £80,000 per annum when eligible to purchase.
· You are unable to purchase a suitable home to meet your housing needs on the open market.
· You do not already own a home or you will have sold your current home before you purchase or rent.
· To purchase this 50% minimum share you will need a minimum joint household income of £28,529 and available savings of £5,000 for a 5% mortgage deposit.
The first application forms returned who also meets the affordability will be offered this property.
Assessments will be from TMP you can visit their website www.tmpmortgages.co.uk and click Get Assessed.
Summary
Southern Housing are delighted to offer for sale this well-presented two bedroom second floor apartment in Leamington Spa.
Description
The current market value is £200,000 for 100%. The minimum 50% share available is priced at £100,000, current rent payable £ 345.16 pcm, rent is subject to annual reviews. Service charges are currently £175.87 pcm.
Viewings by appointment only. Contact resales for the sellers details. [email protected]
If you would like to apply after you have conducted a viewing, a PDF writable application form can be saved from the Brochure Section on this advert.
Please email a fully completed copy to [email protected] for the attention of Jan.
The first application forms returned who also meets the affordability will be offered this property.
Assessments will be from TMP you can visit their website www.tmpmortgages.co.uk and click Get Assessed.
*Please note the successful applicant will be required to pay a £250 non-refundable reservation fee once offered the property.
Local information
Royal Leamington Spa is situated 3 Miles from Warwick, 10 Miles from Coventry and 25 Miles from Birmingham.
The Space is a development of apartments in this converted 1960’s built former office building.
Key Features
Features
This two bedroom second floor apartment benefits from the communal entrance from Clarendon Avenue with stairs and lifts to the upper floors – secondary communal entrance is from Travistock Street.
Second Floor:-
Communal Landing to Private Entrance hall with cloaks cupboard and Boiler cupboard.
Open plan living room and kitchen 3.23m x 6.25m
Bedroom One 4.16m x 3.20m
Bedroom Two 4.16m x 2.52 with built in wardrobe
Bathroom with Bath, WC and wash hand basin.
Outside
There is a communal roof garden area.
Street parking around the property is time restricted.
Lease term- 107 years remaining
EPC rating 80C
Particulars
Tenure: Leasehold
Lease Length: 125 years
Council Tax Band: Not specified
Property Downloads
BrochureMap
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 £200,000, £5,000 Min Deposit. Calculated using a representative rate of 5.03%
