2 bedroom apartment for sale
Airfield Way, Weldon, Corby, NN17 3LX
Share percentage 35%, full price £175,000, £6,125 Min Deposit.
Share percentage 35%, full price £175,000, £6,125 Min Deposit.
Monthly Cost: £706
Rent £261,
Service charge £136,
Mortgage £309*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a Two Bedroom Flat on a Shared Ownership (Part Buy/Part Rent) Basis
Description
This smartly-presented flat is on the second (top) floor of a recently-constructed building. The property has a twenty-foot, dual-aspect reception room with Juliette balcony and an open-plan kitchen area. There is a large main bedroom plus a second double bedroom and a simple yet stylish and naturally-lit bathroom. A storage/utility cupboard has been provided in the entrance hallway and the well insulated walls and roof, high performance glazing and modern gas central heating system have resulted in a very good energy-efficiency rating. A Sainsbury's Local has just opened nearby and the shops, railway station and other amenities of Corby town centre are only a brief drive away and can also be easily reached via bus. The flat is held on a very long lease and comes with off-street parking for two cars.
SHARED OWNERSHIP (Advertised price represents 35% share. Full market value £175,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/4yna3yhp]
(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)
Housing Association: HSPG.
Tenure: Leasehold (990 years from 01/12/2022).
Minimum Share: 35% (£61,250). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £260.68 per month (subject to annual review).
Service Charge: £136.05 per month (subject to annual review).
Guideline Minimum Income: Dual - £21,000 | Single - £23,800 (based on minimum share and 10% deposit).
Council Tax: Band B, North Northamptonshire Council. Priority is given to applicants living and/or working in this local authority.
This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone. Pets not permitted (except assistance animals).
Key Features
- Guideline Minimum Deposit £6,125
- Guide Min Income Dual £21k | Single £23.8k
- Second (Top) Floor
- Approx. 651 Sqft Gross Internal Area
- Very Good Energy-Efficiency Rating
- Juliette Balcony
- Two Parking Spaces
- Very Long Lease
Particulars
Tenure: Leasehold
Lease Length: 988 years
Council Tax Band: B
Property Downloads
Floor Plan BrochureMap
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
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 35%, full price £175,000, £6,125 Min Deposit. Calculated using a representative rate of 4.59%