2 bedroom house for sale
Overton Way, Reepham, NR10 4FG
Share percentage 55%, full price £240,000, £13,200 Min Deposit.
Share percentage 55%, full price £240,000, £13,200 Min Deposit.
Monthly Cost: £941
Rent £253,
Service charge £22,
Mortgage £666*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a Two Bedroom House on a Shared Ownership (Part Buy/Part Rent) Basis
Description
A two-storey, semi-detached house in the small town of Reepham, which is located approximately twelve miles from Norwich and within easy reach of the coast. There is a cloakroom and a stylish, modern kitchen at the front of the property, while at the rear, the spacious reception/dining room features patio doors that open onto the south-west-facing garden. Upstairs is a spacious main bedroom plus a good-sized second double bedroom and a sleek, naturally-lit bathroom. Well insulated walls and roof combined with modern double glazing help keep energy costs down. The local primary school and secondary school are both Ofsted-rated 'Good'. A driveway at the side of the house provides space for off-street parking.
SHARED OWNERSHIP (Advertised price represents 55% share. Full market value £240,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/58ujsf3x]
(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)
Housing Association: Clarion.
Tenure: Leasehold (125 years from 01/04/2009).
Minimum Share: 55% (£132,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £252.50 per month (subject to annual review).
Service Charge: £22.00 per month (subject to annual review).
Guideline Minimum Income: Dual - £29,000 | Single - £35,200 (based on minimum share and 10% deposit).
Council Tax: Band B, Broadland District Council. Priority is given to applicants living and/or working in this local authority.
This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone.
Key Features
- Guideline Minimum Deposit £13,200
- Guide Min Income Dual £29k | Single £35.2k
- Two Storey, Semi Detached House
- Approx. 702 Sqft Gross Internal Area
- Two Double Bedrooms
- Bathroom plus Downstairs Cloakroom
- South-West-Facing Rear Garden
- Driveway Parking
Particulars
Tenure: Leasehold
Lease Length: 110 years
Council Tax Band: B
Property Downloads
Key Information Document Floor Plan 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 55%, full price £240,000, £13,200 Min Deposit. Calculated using a representative rate of 4.59%
