2 bedroom house for sale
40 Balsam Lane, The Asps, CV34 0AG
Share percentage 50%, full price £290,000, £7,250 Min Deposit.
Share percentage 50%, full price £290,000, £7,250 Min Deposit.
Monthly Cost: £1,190
Rent £332,
Service charge £50,
Mortgage £808*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
- Your household income does not exceed £80,000 (outside of London) and £90,000 (inside of London)
- You have a deposit of at least 5% of the share value
- You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
- This will be your only residence.
- You are a permanent UK resident or have indefinite right to remain.
Summary
New 2 bedroom house in the Asps development. The price advertised represents purchasing a 50% share of the home.
Description
New 2 bedroom house in the Asps development. The price advertised represents purchasing a 50% share of the home.
About the Development
The Asps is in a very convenient location between Leamington Spa and Warwick providing excellent transport links and a wide variety of charming independent shops, award winning restaurants and beautiful open spaces. From the enthralling history of Warwick Castle to the bustling high street of Leamington Spa, there are facilities for residents of all ages and tastes.
About the Home
This new 2 bedroom house benefits from a modern fitted kitchen area, spacious dining/ living area, 2 double bedrooms , a modern bathroom, storage space, flooring throughout and allocated parking.
About the Area
Sitting conveniently between Warwick and Leamington Spa with excellent local and national road and rail links. Just minutes to the M40 motorway which provides a gateway to the rest of the UK and ideal for train stations at either Warwick or Leamington Spa which can take you to London or Birmingham. An attractive and well planned development of beautifully designed housing to suit all tastes. There are many well regarded schools nearby and for days out why not venture to Warwick or Kenilworth Castle or take a leisurely drive to the stunning Cotswolds. An array of national shops within easy reach to include Marks and Spencers, Next, Sainsburys aswell as independent shops selling hand made items.
Shared Ownership
The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller upfront payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright. You can buy a minimum 50% share of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.
T&Cs
*Please note images are for information purposes only and may not represent a true likeness for the units being sold. Some or all images have been digitally furnished to represent how the home could be laid out and the final colours/appearance may differ from the images.
*Services Charges will apply, speak to our Sales Agent for more information. Costs are subject to change
Key Features
- NHBC Warranty
- Good storage
- Open plan living
- Downstairs WC
- Flooring provided
- Service charge applicable
Particulars
Tenure: Not specified
Council Tax Band: Not specified
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 50%, full price £290,000, £7,250 Min Deposit. Calculated using a representative rate of 5.03%
