2 bedroom apartment for sale
2 Marshland Court, Chivenor, EX31 4FG
Share percentage 50%, full price £225,000, £5,625 Min Deposit.
Share percentage 50%, full price £225,000, £5,625 Min Deposit.
Monthly Cost: £900
Rent £273,
Mortgage £627*
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
Ground Floor 2 bedroom apartment in Barnstaple now available under Shared Ownership
Description
The ground floor apartment was built in 2021, located in Chivenor, close to the village of Braunton and has easy access to Barnstaple.
The property is well designed, with two double bedrooms and the main bedroom has an ensuite shower room, there is a separate family bathroom as well. Neutral throughout and is a turn-key opportunity.
The open planning living/dining and kitchen room is more than generous to provide space with a dining table. The kitchen has plenty of storage with wall and base units. Outside there is an allocated/designated parking space.
*Information is correct to the best of our knowledge, please speak to the estate agent for more information*
Key Features
- Two Double Bedroom Ground Floor Apartment
- Ensuite to the Primary Bedroom
- Allocated Parking Space
- Open Plan Living/Dining and Kitchen
- Ideal First Time Purchase
- Gas Central Heating
- Tenure: Leasehold (125 years from 30/06/2021).
- Share Available: 50%(£112,500).
- Shared Ownership Rent: £272.61 per month (subject to annual review).
- Lease Management Fee: £25.61 per month (subject to annual review).
- Council Tax: Band A, North Devon Council
Particulars
Tenure: Leasehold
Lease Length: 125 years
Council Tax Band: A
Property Downloads
Key Information Document Floor PlanMap
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 £225,000, £5,625 Min Deposit. Calculated using a representative rate of 5.03%
