2 bedroom apartment for sale
Elm Park - 16, EX2 0AW
Share percentage 40%, full price £230,000, £4,600 Min Deposit.
Share percentage 40%, full price £230,000, £4,600 Min Deposit.
Monthly Cost: £965
Rent £316,
Service charge £137,
Mortgage £512*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
.
Description
About the home
As you enter this ground floor home, you will discover an entrance hallway with a storage cupboard and an airing cupboard. As you make your way through the hallway, you will find two large double bedrooms, a bathroom, and finally, the spacious open-plan kitchen/living/dining room.
Other bits to note
1 allocated parking space.
Council tax band: TBC
Remaining lease term: 990 years.
Please note there is a local connection requirement to Teignbridge to apply for these homes.
*While we endeavour to make our property descriptions and plans fair, accurate and reliable, they are only a general guide to the property and may be subject to change. Accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property. Shared ownership homes are bought as leasehold properties, for more information speak to our team. Service charges and rent payable on the unsold equity of this property will be reviewed annually with any changes coming into effect on the 1st April each year. Your home may be at risk of repossession if you don't maintain your mortgage and rental payments.
Key Features
- Carpets included!
- Ground-floor Apartment
- 2 double bedrooms
- 1 allocated parking space
- Standard model shared ownership
- Remaining lease term: 990 years
- Please note there is a local connection requirement to Teignbridge to apply for these homes.
- Open-plan Kitchen/Living/Dining room
Particulars
Tenure: Leasehold
Lease Length: 990 years
Council Tax Band: Not specified
Property Downloads
Key Information Document Floor Plan Energy CertificateMap
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 £230,000, £4,600 Min Deposit. Calculated using a representative rate of 5.03%
