3 bedroom house for sale
Slaters Row, 7 Claremont Road, BN25 2FB
Share percentage 70%, full price £365,000, £25,550 Min Deposit.
Share percentage 70%, full price £365,000, £25,550 Min Deposit.
Monthly Cost: £1,679
Rent £322,
Service charge £67,
Mortgage £1,290*
Calculated using a representative rate of 4.59%
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.
- 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.
Summary
Available through our resale shared ownership scheme, a three-bedroom, three storey, end-terraced house in East Sussex.
Description
Available through our resale shared ownership scheme, a three-bedroom, three storey, end-terraced house in East Sussex.
Property description:
The property ground floor comprises a fitted kitchen with integrated appliances, a W/C and understairs storage. The first floor comprises a large double bedroom, walk-in hallway storage and a dining/living area leading out to a private garden. The second floor comprises a family sized bedroom, smaller bedroom and a family bathroom with shower over bath.
The property also benefits from access to secured allocated parking.
Lease: Commenced 2018 with 999-year term
Council Tax Band: Lewes Council - D
Approx. Gross Internal Area: 1117sq.ft.
FINANCIAL INFORMATION
Property Value = £365,000
Percentage Share = 70%
Share Price = £255,500
Monthly Ground Rent = £29.16
*Monthly Rent = £322.08
*Monthly Service Charge = £66.85
**Monthly Mortgage Payment = £1,306.00
***Annual Household Income = £66,000
*Please note the rent and service charge is reviewed annually 01 April.
** Based on a 90%, 30-year repayment mortgage with an interest rate at 5.5%.
***Is based on a 10% mortgage deposit. If you have a higher deposit Hyde New Homes can discuss how the salary required is reduced.
Your home may be at risk if you do not keep up your mortgage and rent repayments. Particulars give an overall description of the property and are not intended to constitute an offer or form part of any contract. Areas, distances or measurements referred to are approximate. For confirmation of property details refer to the terms of the lease and plans from your solicitor. Hyde New Homes Resale properties are sold as seen, photographs and details (excluding financial information) are provided by the leaseholder. Please note that the Resales Team have not visited this property.
Key Features
· Situated in the popular area of Seaford, East Sussex and a few yards from Seaford Town Centre.
· There are various local secondary and primary schools, the nearest is Seaford Primary School approximately 550 yards away, and Seaford Head School approximately 0.8 miles away.
· Seaford Medical Practice, approximately 130 yards away and East Sussex Special Dental Care Service 130 yards away.
· The nearest railway station is Seaford (Sussex), approximately 120 yards away. Brighton to Eastbourne Bus routes available.
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: D
Property Downloads
Floor Plan 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 70%, full price £365,000, £25,550 Min Deposit. Calculated using a representative rate of 4.59%
