2 bedroom apartment for sale
Port Loop, Rotton park Street,, Rotton park Street,, B16 0AE
Share percentage 25%, full price £292,500, £3,656 Min Deposit.
Share percentage 25%, full price £292,500, £3,656 Min Deposit.
Monthly Cost: £1,091
Rent £503,
Service charge £181,
Mortgage £407*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
You may be eligible for this property if:
- You have a gross household income of no more than £80,000 per annum.
- You are unable to purchase a suitable home to meet your housing needs on the open market.
- You do not already own a home or you will have sold your current home before you purchase or rent.
Summary
Welcome to Mansion House, Birmingham's newest canal side apartments, located at the award-winning Port Loop development.
Description
Mansion House, Birmingham's newest canal side apartments, located at the award-winning Port Loop development. Designed by shedkm architects, these modern two-bedroom homes offer spacious and bright living areas, with large windows and high ceilings that flood the interiors with natural light. Each apartment features a private balcony, generous living spaces, and a dual-aspect design.
Mansion House offers 8 apartments available to purchase via Shared Ownership with Places for People.
Apartments available - Plot 101 / 201 / 202
Shares available 25-75%
Full market value - £292,500
25% share price - £73,125
Rent per month based on a 30% share - £469.22
Service charge per month - £180.94 (approx)
Shared Ownership management fee - £128 per annum
Minimum deposit required - 5% subject to affordability
Key Features
- Listing based on a 25% share
- Two bedroom ground floor apartment
- Dual aspect
- Double balcony
- Waterside development
- 999 year lease
- 10 year warranty
- Spacious designs
- Fitted flooring throughout.
- Show home now open - Call to arrange your viewing
Particulars
Tenure: Leasehold
Lease Length: 999 years
Council Tax Band: New build - Council tax band to be determined
Property Downloads
Key Information Document Floor Plan Price ListMap
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: n/a
Outside Space/Garden: n/a - Private Balcony
Year property was built: Enquire with provider
Unit size: Enquire with provider
Accessible measures: Enquire with provider
Heating: Enquire with provider
Sewerage: Enquire with provider
Water: Enquire with provider
Electricity: Enquire with provider
Broadband: Enquire with provider
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 £292,500, £3,656 Min Deposit. Calculated using a representative rate of 5.03%
