2 bedroom apartment for sale
Stafford Rise, Caterham, CR3 6JY
Share percentage 40%, full price £300,000, £12,000 Min Deposit.
Share percentage 40%, full price £300,000, £12,000 Min Deposit.
Monthly Cost: £1,321
Rent £606,
Service charge £106,
Mortgage £609*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
You can buy a home through shared ownership if both of the following are true:
-Your household income is £80,000 a year or less (£90,000 a year or less in London)
-You cannot afford all of the deposit and mortgage payments for a home that meets your needs
One of the following must also be true:
-You’re a first-time buyer
-You used to own a home but cannot afford to buy one now
-You’re forming a new household - for example, after a relationship breakdown
-You’re an existing shared owner, and you want to move
-You own a home and want to move but cannot afford a new home that meets your needs
-For some homes you may have to show that you live in, work in, or have a connection to the area where you want to buy the home.
Summary
1st floor two bedroom maisonette
Description
The property itself is a 1st floor two bedroom maisonette with its own self contained front door
Traditional brick cavity wall construction, part rendered and tiled pitched roof
The Maisonette is approximately 15 minutes walk to Caterham station and the town centre, with shops
Key Features
- Private front door entrance to a small entrance hallway with stairs
- Sitting room
- Kitchen
- Bathroom.
- Two bedrooms
- All windows are double glazed
- Gas Central Heating throughout - Radiators to all main rooms
- One allocated off road car parking space
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: C
Map
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 40%, full price £300,000, £12,000 Min Deposit. Calculated using a representative rate of 4.64%
