2 bedroom house for sale
11 Solomans Way, , SK17 9YH
Share percentage 50%, full price £220,000, £5,500 Min Deposit.
Share percentage 50%, full price £220,000, £5,500 Min Deposit.
Monthly Cost: £915
Rent £252,
Service charge £50,
Mortgage £613*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
- Your household income does not exceed £80,000 (outside of London) and £90,000 (inside of London)
- You have a deposit of at least 5% of the share value
- You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
- This will be your only residence.
- You are a permanent UK resident or have indefinite right to remain.
Summary
New 2 bedroom semi-detached house in the Foxlow Fields development. The price advertised represents purchasing a 50% share of the home.
Description
New 2 bedroom semi-detached house in the Foxlow Fields development. The price advertised represents purchasing a 50% share of the home.
About the Development
Situated within the picturesque location of the beautiful Peak District, Foxlow Fields in Buxton offers a range of 2-3 bedroom houses available for shared ownership. These practical, stylish and spacious homes are perfectly suited to the demands of modern living; ideal for first time buyers, growing families and downsizers.
About the Area
This development is ideal for those who enjoy the outdoors. There’s also a range of schools nearby for all ages as well as local amenities such as supermarkets, medical centre, post office, restaurants and cafes. You can reach the nearby towns of Chesterfield, Stockport, Sheffield, Stoke-on-Trent in under an hour by car and Manchester in just over an hour where you have access to a wider range of stores and amenities.
About Shared Ownership
The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller up front 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. The minimum initial share you can purchase is 50% and the maximum initial share is 75% of the properties full market value. When you’re ready, you can buy more shares until you staircase to owning 100% of your home.
T&C's
*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.
Key Features
- NHBC Warranty
- Allocated parking
- Separate living room
- Kitchen/dining with doors to garden
- Downstairs WC
- Service charge applicable
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
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 50%, full price £220,000, £5,500 Min Deposit. Calculated using a representative rate of 5.03%
