Share percentage 40%, full price £305,000, £6,100 Min Deposit.
Monthly Cost: £1,149
Rent £419,
Service charge £50,
Mortgage £680*
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
Introducing our stunning 3-bedroom semi-detached house in Clacton, available for purchase through shared ownership. The price advertised reflects a 40% share.
Description
The Jaywick:
Introducing our stunning 3-bedroom semi-detached house in Clacton, available for purchase through shared ownership. The price advertised reflects a 40% share.
This beautifully designed home features a spacious open-plan kitchen and dining area, perfect for family meals and entertaining. The kitchen is equipped with integrated appliances, including a fridge freezer and washing machine, offering convenience and modern living. With three well-proportioned bedrooms this home is ideal for growing families. A private garden and allocated parking complete this attractive property, situated in a vibrant community with easy access to local amenities and schools.
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 25% 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
Available to purchase through Shared Ownership
2 Allocated parking spaces
3 Bedroom semi-detached house
Modern fitted kitchen with integrated appliances
New Build home
Flooring included throughout
Private turfed garden
Particulars
Tenure: Leasehold
Lease Length: 999 years
Council Tax Band: Not specified
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 - Private 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 40%, full price £305,000, £6,100 Min Deposit. Calculated using a representative rate of 5.03%
