2 bedroom house for sale
Northampton Meadow, Great Bardfield, Essex, CM7 4UD
Share percentage 50%, full price £320,000, £24,000 Min Deposit.
Share percentage 50%, full price £320,000, £24,000 Min Deposit
Monthly Cost: £1,161
Rent £386,
Service charge £31,
Mortgage £744*
Calculated using a representative rate of 4.34%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a Two Bedroom House on a Shared Ownership (Part Buy/Part Rent) Basis
Description
This modern, double-fronted property has a central entrance hall which provides access to the stairs, to a dual-aspect reception room with bay window and to the kitchen/dining room. From here, a glazed door leads out to a west/south-west-facing garden with tiled seating area. On the first floor of the house is a stylish bathroom and two similar-sized bedrooms, one of which is currently sub-divided. The property was built to modern insulation standards and the windows are double glazed units throughout. There is an allocated parking space plus shared use of the visitor spaces. Great Bardfield is an attractive village approximately ten miles from Braintree and around twenty miles from the centre of Chelmsford. The local primary school is Ofsted-rated 'Good'.
SHARED OWNERSHIP (Advertised price represents 50% share. Theoretical full market value £320,000).
Please Note: Staircasing is restricted to a maximum of 80% for this property.
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/yc3x7ckk]
(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: Clarion.
Tenure: Leasehold (currently 99 years from 05/02/1997, 50 year extension in progress).
Minimum Share: 50% (£160,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £386.22 per month (subject to annual review).
Service Charge: £31.32 per month (subject to annual review).
Guideline Minimum Income: Dual - £39,100 | Single - £45,400 (based on minimum share and 15% deposit).
Council Tax: Band B, Braintree District 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.
Key Features
- Guideline Minimum Deposit £24,000
- Guide Min Income Dual £39.1k | Single £45.4k
- Two Storey, Two Bedroom, Semi Detached House
- Approx. 653 Sqft Gross Internal Area
- Reception Room with Bay Window
- Kitchen/Dining Room
- West/South-West Facing Rear Garden
- Parking Space (+ Shared Visitor Parking)
Particulars
Tenure: Leasehold
Lease Length: 121 years
Council Tax Band: B
Property Downloads
Key Information Document 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: Yes - Private Garden
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 50%, full price £320,000, £24,000 Min Deposit. Calculated using a representative rate of 4.34%