3 bedroom house for sale
7 Nimrod Way, Wells, BA5 2GQ
Share percentage 40%, full price £335,000, £6,700 Min Deposit.
Share percentage 40%, full price £335,000, £6,700 Min Deposit.
Monthly Cost: £1,264
Rent £497,
Service charge £21,
Mortgage £746*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
Charming 3-bedroom shared ownership house in Wells, Somerset, featuring an open plan kitchen/diner, private garden, and two allocated parking spaces, perfect for comfortable family living.
Description
About the home
This charming 3-bedroom house in Wells, Somerset, offers an excellent opportunity for shared ownership. The property features a welcoming living room at the front, perfect for relaxation. At the rear, the open plan kitchen/diner provides a contemporary space with stylish cream units, a dark worktop, and integrated appliances, including a hob and extractor fan. The kitchen also offers ample space for a fridge freezer and washing machine, alongside a convenient downstairs WC. Access to the private garden is through a door off the kitchen, leading to a delightful mix of patio and grass areas, complete with a garden shed.
Upstairs, the master bedroom at the front of the house includes a built-in cupboard, while two additional bedrooms at the back are separated by a family bathroom featuring a modern stone-coloured suite. The property is tastefully decorated throughout, with nice wood-effect flooring running through the majority of the home, adding a warm and inviting feel, except in one of the bedrooms. Additionally, there are two allocated parking spaces at the front of the property. This lovely home is perfect for families looking to settle in a friendly community, offering both comfort and style in a desirable Somerset location.
Other bits to note
2 Allocated parking spaces
Council tax banding - C
Remaining term on lease - 119 years
*While we endeavour to make our sales particulars fair, accurate and reliable they are only a general guide to the property. Room dimensions and property details have been supplied to us by the current vendor so are for indication purposes only. Accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property. Shared ownership homes are bought as leasehold properties, for more information speak to our team. Service charges and rent payable on the unsold equity of this property will be reviewed annually with any changes coming into effect on the 1st April each year. Your home may be at risk of repossession if you don't maintain your mortgage and rental payments.
Key Features
- Standard model shared ownership
- 40% share for £134,000
- 3-bedrooms
- 2 allocated car parking spaces
- Close to amenities
- Remaining lease term: 119 years
- Tastefully decorated
- Monthly rent: £497.07
- Local connection requirement to Somerset
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: C
Property Downloads
Key Information Document 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 40%, full price £335,000, £6,700 Min Deposit. Calculated using a representative rate of 5.03%