Share percentage 30%, full price £270,000, £4,050 Min Deposit.
Monthly Cost: £931
Rent £433,
Service charge £47,
Mortgage £451*
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
Introducing our stunning 3-bedroom semi-detached house in Clacton, available for purchase through shared ownership. The price advertised reflects a 30% share.
Description
The Weeley:
Introducing our stunning 3-bedroom semi-detached house in Clacton, available for purchase through shared ownership. The price advertised reflects a 30% share.
This beautifully designed home features a spacious open-plan kitchen and dining area, perfect for family meals and entertaining. The kitchen is equipped with integrated appliances, including a fridge freezer and washing machine, offering convenience and modern living. With three well-proportioned bedrooms, including a master bedroom with an en-suite, this home is ideal for growing families. A private garden and allocated parking complete this attractive property, situated in a vibrant community with easy access to local amenities and schools.
Shared Ownership
The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller upfront payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright. You can buy a minimum 25% share of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.
T&Cs*Please note images are for information purposes only and may not represent a true likeness for the units being sold. Some or all images have been digitally furnished to represent how the home could be laid out and the final colours/appearance may differ from the images.*Services Charges will apply, speak to our Sales Agent for more information. Costs are subject to change.
Key Features
Available to purchase through Shared Ownership
Modern kitchen with integrated appliances
Flooring throughout
Allocated parking
3 Bedroom Semi-Detached House
Private turfed garden
Particulars
Tenure: Leasehold
Lease Length: 999 years
Council Tax Band: New build - Council tax band to be determined
Property Downloads
Key Information Document Floor PlanMap
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 - Private 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 30%, full price £270,000, £4,050 Min Deposit. Calculated using a representative rate of 5.03%
