Share percentage 75%, full price £264,000, £9,900 Min Deposit
Monthly Cost: £1,103
Mortgage £1,103*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
You may be eligible for this property if:
- You are aged 65 or older. If your spouse is younger than 65 but you are 65 or older, you will still be eligible.
- Be unable to afford a Property at full market value at Gifford Lea
- Be able to purchase 75% of the Property
- Be able to afford associated costs (Service Charge, Council Tax and utility bills)
Summary
First floor one bedroom apartment
Description
2 Cherry Walk is a charming one bedroom apartment on the first floor. This property has stairs leading up to the first floor from the front door. The apartment has a large double bedroom with separate bathroom, and ample storage space throughout. There’s also the spacious open plan living/dining area and a fully equipped kitchen accessed through double doors.
Move into a Gifford Lea property today. Our shared ownership scheme offers 75% ownership of the property with rent to pay on the remaining 25%. By owning a partial share, you can effectively manage your finances, relieving the worry of the current climate. With a 25% reduced service charge fee, you can enjoy our wellness spa, gym, pool, library, and restaurant.
Key Features
Kitchens
- High-quality fitted units and work surfaces throughout
- Soft-close doors and drawers
- Fan-assisted oven
- Safe induction hob
- Dishwasher
- Integrated washer-dryer
- Eye-level fridge with freezer
- LED lighting
Bathrooms
- Bath with an overhead shower
- Fully integrated bathroom cabinets
- Ceramic tiles to full height in bath and shower areas
- Ceramic wash basins
- Glass screens to shower with chrome shower controls
Lounge
- Feature fireplace, with flame-effect electric fire
- Telephone and broadband internet socket
- TV sockets
Bedrooms
- Fitted or walk-in wardrobes
- Telephone socket
- TV sockets
- Internal finish
- Smooth ceilings and walls throughout, finished in emulsion paint - calico
Security
- Full 24-hour movement-activated village CCTV
- Landscape and security lighting to all communal areas, activated by time and movement
- 24-hour emergency call system to on-site care team
- Village TV information channel
Particulars
Tenure: Leasehold
Lease Length: 125 years
Council Tax Band: D
Property Downloads
Key Information Document Floor PlanMap
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: Yes
Outside Space/Garden: n/a - Communal Garden
Year property was built: Enquire with provider
Unit size: Enquire with provider
Accessible measures: Enquire with provider
Heating: Enquire with provider
Sewerage: Enquire with provider
Water: Enquire with provider
Electricity: Enquire with provider
Broadband: Enquire with provider
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 75%, full price £264,000, £9,900 Min Deposit. Calculated using a representative rate of 5.03%
Inspired Villages
.pdf "Floor Plan")