2 bedroom house for sale
Redwing Close, Loughborough, LE12 6YJ
Share percentage 35%, full price £220,000, £3,850 Min Deposit.
Share percentage 35%, full price £220,000, £3,850 Min Deposit.
Monthly Cost: £849
Rent £336,
Service charge £84,
Mortgage £429*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Loughborough, Nottinghamshire
Description
Bright and modern mid terraced house now available in Loughborough through Shared Ownership.
The property comprises a large living room with an open-plan fitted kitchen, two bedrooms and a shared bathroom; there's also a private rear garden. This could be ideal for a family or a couple.
There are two driveways for parking available up front.
Available for £77,000 for 35% share based on the marketing figure of £220,000.
Monthly rent - £335.75
Monthly Service Charge - £84.39
Total Monthly Charge - £420.14 plus mortgage required for 35% share.
An annual rent increase takes place every April
LocationThe property is located in East Leake, Nottinghamshire, and about half an hour from Nottingham.
The house is in a tranquil residential area and surrounded by green spots. There's a convenience store and plenty of schools nearby, ideal for families with children.
Loughborough, the closest town, is less than 20 minutes away.
EPC ratingEnergy rating band - B
Environmental impact band - B
Years remaining on lease: 116
In certain cases, the remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.
Key Features
- Two-bedroom house
- Private rear garden
- Parking with two driveways
- Schools nearby
- Available for 35% share
- 5% minimum deposit only
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
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 35%, full price £220,000, £3,850 Min Deposit. Calculated using a representative rate of 5.03%
