2 bedroom apartment for sale
14 Ben Cobey Avenue, CM9 6FT
Share percentage 50%, full price £260,000, £3,900 Min Deposit.
Share percentage 50%, full price £260,000, £3,900 Min Deposit.
Monthly Cost: £1,393
Rent £406,
Service charge £101,
Mortgage £886*
Calculated using a representative rate of 6.94%
Calculate estimated monthly costs
The GLA and Homes England set the eligibility criteria for Shared Ownership, but broadly speaking you must:
- Not own another property in the UK or any other country.
- Have a household income that falls below £90,000 (£80,000 threshold outside the M25). Every property will have a minimum income level too, determined by its’ value, rent and service charge costs. In most cases you will need to meet or exceed the given minimum income.
- Have access to a minimum deposit of 10% of the share being purchased (a minimum deposit of 5% of the share being purchased may be acceptable depending on individual financial status).
- Be in full time permanent employment.
- Be a British, EU or EEA Citizen or have indefinite leave to remain in the UK.
- Have a good credit history.
Summary
2-bedroom apartment available in a quiet neighborhood
Description
This immaculate flat offers modern and stylish living spaces perfectly suited to couples or professional individuals. The property features two double bedrooms, both blessed with an abundance of natural light, creating a warm and welcoming atmosphere. The master bedroom benefits from the added luxury of an ensuite.
The highlight of this property is the open-plan reception living room with an abundance of light. This space is designed to facilitate a seamless flow between living, dining, and cooking areas, making it an ideal area for relaxation or entertaining guests. There are built-in appliances for your convenience.
Adding to the convenience of this home is the presence of a modern bathroom equipped with a shower, providing a spa-like experience within your own home.
The property holds an EPC rating of "B", signifying energy efficiency that will certainly reduce your utility bills. Unique features such as an entryphone system and parking facility – with space for two vehicles parked tandem – further enhance the appeal of this property.
Located in a quiet neighborhood, the property is surrounded by green spaces and offers walking and cycling routes, perfect for those who enjoy outdoor activities. Additionally, public transport links and local amenities are within easy reach, making everyday life easier and more convenient.
Built-in appliances and the open-plan layout are a bonus, offering a modern and convenient lifestyle. This property is a wonderful blend of comfort, style, and convenience, ready to become the perfect home for its next owners.
*Information is correct to the best of our knowledge, please speak to the estate agent for more information*
Key Features
- Two Double Bedrooms
- Ensuite to the Primary Bedroom
- Bathroom with Fitted Shower
- Built-in Appliances
- Large Living Space
- Off-street Parking for Two Cars
- Tenure:Leasehold (125 years from 18/04/2019).
- Share Available:50%(£130,000).
- Shared Ownership Rent:£406.25 per month (subject to annual review).
- Lease Management Fee:£25.54 per month (subject to annual review).
- Service Charge:£100.90 per month (subject to annual review).
- Council Tax:Band B, Maldon District Council.
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: B
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 £260,000, £3,900 Min Deposit. Calculated using a representative rate of 6.94%
