2 bedroom apartment for sale
Townsend Close, Lincoln Road, PE1 2SQ
Share percentage 65%, full price £150,000, £4,875 Min Deposit.
Share percentage 65%, full price £150,000, £4,875 Min Deposit.
Monthly Cost: £799
Rent £130,
Service charge £126,
Mortgage £543*
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.
Summary
We are excited to present this two bedroom first floor flat available for 65% Shared Ownership.
Description
The accommodation comprises of entrance hall, open plan kitchen/living room, two bedrooms and a family bathroom. Outside benefits from allocated car parking for two vehicles and communal gardens. The location of this property is excellent as the city centre is just a short walk away.
Everyone should be able to find a home they love, and Shared Ownership could be your answer. Shared Ownership is another way to get started on the property ladder. You buy a percentage of a property and pay rent on the rest. We own part of it – but you’re living there; you can decorate it and decide when to sell. Buying a share may mean you need a lower mortgage and deposit than purchasing a property outright.
Key Features
- 65% Shared Ownership
- 2 bedroom first floor flat
- Tenure: Leasehold 113 years remaining
- Monthly Rent: £130.32
- Monthly Service Charge: £126.12
- Full Value: £150,000
- Communal Gardens
- Allocated Car Parking
Particulars
Tenure: Leasehold
Lease Length: 113 years
Council Tax Band: B
Property Downloads
Key Information Document Floor Plan Brochure Energy CertificateVirtual Tour
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 65%, full price £150,000, £4,875 Min Deposit. Calculated using a representative rate of 5.03%
