2 bedroom apartment for sale
Flat 4, 12 Hobbs Way, GL2 5SF
Share percentage 25%, full price £270,000, £3,375 Min Deposit.
Share percentage 25%, full price £270,000, £3,375 Min Deposit.
Monthly Cost: £1,042
Rent £524,
Service charge £142,
Mortgage £376*
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 Gloucester now available under Shared Ownership
Description
This ground floor apartment represents a fantastic opportunity for those seeking to own their first home in a vibrant and convenient location, without compromising on style or comfort. With its competitive pricing and the option for future full ownership, this property is poised to be a sought-after choice for discerning buyers.
Early viewing is strongly advised to fully appreciate the unique offering of this wonderful home. Don't miss out on the chance to make this stylish apartment your own. Contact us today to schedule your viewing and take the first step towards owning your dream home.
*Information is correct to the best of our knowledge, please speak to the estate agent for more information*
Key Features
- Two Bedroom Ground Floor Apartment
- 25% Shared Ownership
- One Allocated Parking Space
- Beautifully Presented Throughout
- Exceptionally Popular Location
- EPC Rating C
- Tenure: Leasehold (125 years from 29/10/2021).
- Share Available: 25%(£67,500).
- Shared Ownership Rent: £523.62 per month (subject to annual review).
- Lease Management Fee: £24.36 per month (subject to annual review).
- Service Charge: £141.66 per month (subject to annual review).
- Council Tax: Band B, Gloucester City Council
Particulars
Tenure: Leasehold
Lease Length: 125 years
Council Tax Band: B
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 £270,000, £3,375 Min Deposit. Calculated using a representative rate of 5.03%
