2 bedroom house for sale
Headlands Crescent, Derby, DE73 6WR
Share percentage 45%, full price £200,000, £4,500 Min Deposit.
Share percentage 45%, full price £200,000, £4,500 Min Deposit.
Monthly Cost: £823
Rent £255,
Service charge £67,
Mortgage £501*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Derby, Derbyshire
Description
Bright, spacious and modern two-bedroom end-of-terrace house now available in Derby through Shared Ownership.
The property was built circa 2017 and comprises a wide living room, a separate kitchen and a small toilet on the ground floor. Upstairs, there are two bedrooms with a shared bathroom.
There's also a large private garden at the back and two driveways for parking up front. This could be ideal for a family.
Available for £90,000 for 45% share based on the marketing figure of £200,000.
Monthly rent - £255.15
Monthly Service Charge - £67.27
Total Monthly Charge - £322.42 plus mortgage required for 45% share.
An annual rent increase takes place every April
LocationThe property is located in a tranquil residential area in Chellaston, south of Derby, with peaceful surrounding green areas and just a short drive away from the town centre.
Derby can be in fact reached in less than 20 minutes, while nearby highways and the M1 motorway make road travel convenient to Nottingham, Leicester or other cities.
There are several schools in the area, just a few minutes' drive away.
EPC ratingEnergy rating band - B
Environmental impact band - B
Years remaining on lease: 117
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 end-of-terrace house
- Modern estate (2017)
- Private rear garden
- Separate kitchen
- Available for 45% 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 45%, full price £200,000, £4,500 Min Deposit. Calculated using a representative rate of 5.03%
