2 bedroom apartment for sale
Flat 13, 124 Commercial Road, BH2 5AT
Share percentage 25%, full price £225,000, £2,813 Min Deposit.
Share percentage 25%, full price £225,000, £2,813 Min Deposit.
Monthly Cost: £1,453
Rent £840,
Service charge £300,
Mortgage £313*
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
2 Bedroom Apartment in Bournemouth now available under Shared Ownership
Description
Fourth-floor flat located in Bournemouth town centre. The property boasts an open plan living area with a modern kitchen, providing ample space for relaxation and entertainment.
Two double bedrooms one of which features a modern ensuite, while the other has access to the family bathroom off the good size hallway. Additionally, there is a secure allocated parking space conveyed with the flat.
Overall, this beautiful flat offers a fantastic opportunity for those seeking a modern and spacious living space in the heart of the town centre.
*Information is correct to the best of our knowledge, please speak to the estate agent for more information*
Key Features
- Fourth Floor Apartment
- Landmark Development
- Open Plan Living
- Well Presented
- Town Centre Location
- Ensuite Shower Room
- Secure Allocated Parking
- Two Double Bedrooms
- Tenure: Leasehold (125 years from 07/02/2008).
- Share Available: 25%(£56,250).
- Shared Ownership Rent: £839.66 per month (subject to annual review).
- Lease Management Fee: £23.46 per month (subject to annual review).
- Buildings Insurance: £62.89per annum (subject to annual review).
- Service Charge: £300.00per month (subject to annual review).
- Council Tax: Band D, Bournemouth, Christchurch and Poole Council
Particulars
Tenure: Leasehold
Lease Length: 125 years
Council Tax Band: D
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 25%, full price £225,000, £2,813 Min Deposit. Calculated using a representative rate of 5.03%
