2 bedroom apartment for sale
Olivers Court, Olivers Close, CO15 3QX
Share percentage 70%, full price £130,000, £4,550 Min Deposit.
Share percentage 70%, full price £130,000, £4,550 Min Deposit.
Monthly Cost: £650
Service charge £143,
Mortgage £507*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
Two bedroom first floor flat
Description
We are delighted to be offering the opportunity to purchase a 70% share of this property through Shared Ownership. Located close to the train station, local supermarkets and the coast. This is a well presented two bedroom first floor flat in a two storey block:
Entrance – key operated communal entrance door
Hallway - Doors leading to lounge, kitchen, bathroom and bedrooms x 2. Three storage cupboards in hallway.
Lounge – Carpeted living space. Phone/aerial point.
Kitchen – Fitted with a range of base and wall units. Gas hob, electric oven and extractor hood. Space for fridge/freezer and washing machine. Stainless steel kitchen sink and drainer. Space for small dining table. Vinyl flooring.
Main bedroom – Double bedroom, carpeted with fitted wardrobes.
Bedroom 2 – Single bedroom. Carpeted.
Bathroom – Electric shower, wash hand basin and toilet. Vinyl flooring.
Communal facilities – access to communal garden, drying area and laundry room.
The buyer should be made aware of the following: Applicants must be aged 55 and over as this is a Housing for Older Persons Scheme. The maximum share that can be owned is 70%, you cannot staircase to buy further shares. There is no rent payable on the property, only the service charge of £143.46 per month.
Applications are based on a first come first serve basis.
Key Features
70% Shared Ownership
Aged 55 and over
One allocated parking space
Two bedrooms
Gas central heating
UPVC windows
Particulars
Tenure: Leasehold
Lease Length: 96 years
Council Tax Band: B
Map
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: Yes
Outside Space/Garden: n/a - Communal Garden
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 70%, full price £130,000, £4,550 Min Deposit. Calculated using a representative rate of 5.03%
