3 bedroom house for sale
1 Niven Close, TS26 0FP
Share percentage 50%, full price £260,000, £6,500 Min Deposit.
Share percentage 50%, full price £260,000, £6,500 Min Deposit.
Monthly Cost: £988
Rent £264,
Mortgage £724*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
The GLA and Homes England set the eligibility criteria for Shared Ownership, but broadly speaking you must:
- Not own another property in the UK or any other country.
- Have a household income that falls below £90,000 (£80,000 threshold outside the M25). Every property will have a minimum income level too, determined by its’ value, rent and service charge costs. In most cases you will need to meet or exceed the given minimum income.
- Have access to a minimum deposit of 10% of the share being purchased (a minimum deposit of 5% of the share being purchased may be acceptable depending on individual financial status).
- Be in full time permanent employment.
- Be a British, EU or EEA Citizen or have indefinite leave to remain in the UK.
- Have a good credit history.
Summary
3 Bedroom Detached House in Hartlepool now available under Shared Ownership
Description
An impressive THREE BEDROOM detached property on the popular Tunstall Farm estate in West Park. The home commands a favourable corner position overlooking a pleasant green to the front and was built by builders Taylor Wimpey to the 'Aldenham' style. The 'Aldenham' is a traditional three bedroom house with an integral garage, which would suit couples or families.
The internal layout comprises: entrance hall with stairs to the first floor and access to a useful guest cloakroom/WC, the lounge is located to the rear of the property and incorporates French doors to the garden. A useful study/dining room is located to the front, whilst the kitchen is fitted with units to base and wall level with a built-in oven, hob and extractor included.
To the first floor are three bedrooms, the master bedroom benefitting from fitted wardrobes and modern ensuite shower room, whilst bedrooms two and three are served by the family bathroom. Externally is a low maintenance front, with a driveway in front of the garage providing useful off street parking. The enclosed rear garden features lawn and decked patio areas.
*Information is correct to the best of our knowledge, please speak to the estate agent for more information*
Key Features
- Three bedrooms
- Off Street Parking & Garage
- Popular Part of West Park
- Modern Kitchen, Bathroom & Ensuite
- Gas Central Heating & uPVC Double Glazing
- Pleasant Corner Position
- Tenure: Leasehold (125 years from 15/05/2020).
- Share Available: 50% (£130,000).
- Shared Ownership Rent: £263.79 per month (subject to annual review)
- Lease Management Fee: £20.88 per month (subject to annual review).
- Buildings Insurance: £10.21 per month (subject to annual review).
- Council Tax: Band D, Hartlepool Borough Council.
Particulars
Tenure: Leasehold
Lease Length: 125 years
Council Tax Band: D
Property Downloads
Key Information Document 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 50%, full price £260,000, £6,500 Min Deposit. Calculated using a representative rate of 5.03%
