Share percentage 40%, full price £287,500, £5,750 Min Deposit.
Monthly Cost: £1,085
Rent £395,
Service charge £49,
Mortgage £641*
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
New two bedroom home with two parking spaces
Description
Featuring a spacious living room. The kitchen / dining room is fitted with an oven, hob and hood. On this floor, you'll also find a WC and built-in storage.
Upstairs, there are two comfortable bedrooms. The bathroom has a modern, white suite. You'll also have two parking spaces, and a turfed back garden.
Key Features
- Spacious living room
- Fitted kitchen with oven, hob and hood
- Modern, white bathroom suite
- Turfed back garden
- Two parking spaces
- Reservation fee: £500
- Service charge is reviewed once a year
Particulars
Tenure: Leasehold
Lease Length: 990 years
Council Tax Band: New build - Council tax band to be determined
Property Downloads
Floor Plan BrochureMap
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 40%, full price £287,500, £5,750 Min Deposit. Calculated using a representative rate of 5.03%
