3 bedroom house for sale
Sorrel Close, NN11 4WB
Share percentage 25%, full price £320,000, £4,000 Min Deposit.
Share percentage 25%, full price £320,000, £4,000 Min Deposit.
Monthly Cost: £473
Service charge £27,
Mortgage £446*
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.
- 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.
- You have an income less than £ 80000
- You must be at least 18 years old
- Your current housing status is: Renting Privately
Summary
The Heath
Description
Final 2 plots remaining in this house type!
These properties briefly comprise of an Entrance Hall, WC, Living Room and a Kitchen/Dining Room. To the first floor, there are three bedrooms, one of which includes built-in storage and a family bathroom. Additional benefits include allocated parking for two vehicles and an enclosed rear garden.
NEXT STEPS:
For further information, please download our brochure below.
TO APPLY NOW
Please make an enquiry to contact Platform Home Ownership, the relevant sales consultant will then send you an application form to complete.
Upon receipt of your application, we will refer you for an affordability assessment to determine the most affordable share for you.
Once you have passed the affordability assessment, we will then be in contact to confirm the availability
If there is a suitable property we will then issue out your offer letter and advice on how to pay your £250.00 reservation fee for your new home.
Shared Ownership is a fantastic opportunity if you're an unable to purchase a home on the open market. It allows you to buy a share in a property on a part buy/part rent basis and pay a subsidised rent on the part that you do not own. Over time, you can purchase more shares in your property – this is known as ‘staircasing’. This can be done at any time after initial purchase and it will reduce the amount of rent you pay, as the share of the home that you do not own will have got smaller.
We will offer shares between 25-75% of the property value depending on the outcome of the affordability assessment. The higher the share you purchase, the lower your rent will be. You will need to be able to obtain a mortgage for the share you want to purchase unless you have sufficient funds to enable you to purchase a share outright. Deposit amounts will be lower than purchasing a property on the open market also the combined cost of mortgage and rent is often cheaper than privately renting in the area
Key Features
- 10 year build warranty
- Allocated parking
- Double glazed windows
- Good transport links
- Local connection required
- Modern fitted kitchen
- Turfed rear garden
- Vinyl flooring through kitchen/bathroom
- Stainless steel oven, hob & extractor
- Available plot numbers: 87-89, 128 and 129
- Allocated Parking; 2 spaces
Particulars
Tenure: Leasehold
Lease Length: 990 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 25%, full price £320,000, £4,000 Min Deposit. Calculated using a representative rate of 5.03%
