1 bedroom apartment for sale
Olivers Court, Olivers Close, CO15 3QX
Share percentage 70%, full price £95,000, £3,325 Min Deposit.
Share percentage 70%, full price £95,000, £3,325 Min Deposit
Monthly Cost: £507
Service charge £137,
Mortgage £370*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
One bedroom first floor flat
Description
We are delighted to be offering the opportunity to purchase a 70% share of this property through Shared Ownership. Located close to the train station, local supermarkets and the coast. This is a well presented one bedroom first floor flat in a two-storey block:
Entrance – communal entrance door with video entry phone
Hallway - Doors leading to lounge, kitchen, bedroom and bathroom. Two storage cupboards and airing cupboard.
Lounge (3.76m x 3.78m) – Carpeted living space with electric fireplace. Phone/aerial point.
Kitchen (2.18m x 3.28m)– Fitted with a range of base and wall units. Black worktop and white tiled splashback. Electric oven, hob and integrated extractor hood. Space for fridge/freezer and plumbing for washing machine/dishwasher. White composite kitchen sink and drainer. Wood effect flooring.
Main bedroom (2.72m x 4.37m) – Double bedroom. Carpeted.
Bathroom (1.68m x 2.08m) – Electric shower, wash hand basin and toilet. Electric towel radiator. Tiled flooring.
Communal facilities – access to communal garden, drying area and laundry room.
The buyer should be made aware of the following: Applicants must be aged 55 and over as this is a Housing for Older Persons Scheme. The maximum share that can be owned is 70%, you cannot staircase to buy further shares. There is no rent payable on the property, only the service charge of £143.46 per month.
Applications are based on a first come first serve basis.
Key Features
70% Shared Ownership
Aged 55 and over
One allocated parking space
One bedroom
Electric storage heaters
Double glazed windows
Particulars
Tenure: Leasehold
Lease Length: 60 years
Council Tax Band: A
Map
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: Yes - Allocated
Outside Space/Garden: Yes - Communal Garden
Year property was built: Enquire with provider
Unit size: 47 square metres
Accessible measures: Enquire with provider
Heating: Electric
Sewerage: Mains supply
Water: Mains supply
Electricity: Mains supply
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 70%, full price £95,000, £3,325 Min Deposit. Calculated using a representative rate of 5.03%
