3 bedroom house for sale
94 Lewis Crescent, Wellington, TF1 2FR
Share percentage 50%, full price £240,000, £6,000 Min Deposit.
Share percentage 50%, full price £240,000, £6,000 Min Deposit.
Monthly Cost: £1,004
Rent £336,
Mortgage £668*
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 Terraced House in Telford now available under Shared Ownership
Description
Are you looking for your dream family home? Look no further! We are excited to present this amazing opportunity of a three-bedroom terrace house situated in the highly desirable location of Lewis Crescent, Telford.
As you step into this beautiful property, you will be greeted by a modern fitted kitchen, complete with a variety of wall and base units, providing ample storage space for all your culinary needs. The kitchen also features a dining area, perfect for family gatherings or entertaining friends. This is truly the heart of the home, where memories are made and special moments shared.
The spacious lounge offers a cozy and inviting atmosphere, ideal for relaxation and quality time with loved ones. Unwind after a long day and enjoy the warmth and comfort of this welcoming space.
The property boasts a modern family bathroom, complete with all the necessary amenities for your convenience. No need to vie for the bathroom in the morning rush, as this house also features an en suite shower room connected to the primary bedroom.
Step outside into the private and enclosed rear garden, a perfect haven for weekend barbecues, sunbathing, or simply enjoying the outdoors. Create your own little oasis and make lasting memories with family and friends.
Worried about parking space? Worry no more! This property offers allocated parking, ensuring that your vehicle is safe and easily accessible whenever you need it.
*Information is correct to the best of our knowledge, please speak to the estate agent for more information*
Key Features
- Three Bedroom Terraced Family Home
- Situated in a Highly Desirable Location
- Modern Fitted Kitchen
- Spacious Lounge
- ModernFamily Bathroom & Ensuite Shower Room
- Private and Enclosed Rear Garden
- Allocated Parking
- EPC Rating - B
- Tenure: Leasehold (125 years from 31/03/2021).
- Share Available: 50%(£120,000).
- Shared Ownership Rent: £336.09 per month (subject to annual review).
- Lease Management Fee: £25.61 per month (subject to annual review).
- Buildings Insurance: £115.44 per annum (subject to annual review).
- Council Tax: Band C, Telford & Wrekin Council.
Particulars
Tenure: Leasehold
Lease Length: 125 years
Council Tax Band: C
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 £240,000, £6,000 Min Deposit. Calculated using a representative rate of 5.03%
