Share Price £107,500 (from 50% Min. Share)

Full Value £215,000 | £5,375 Min. Deposit

Scheme: Shared Ownership Resales

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2 bedroom apartment in Leamington Spa - Warwickshire

place The Space, Tavistock Street, CV32 5PJ

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Optivo Resales

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Bright and spacious 2 Double Bedroom 3rd Floor Flat


Eligibility

You may be eligible for this property if:

  • You have a gross household income of no more than £80,000 per annum.
  • You are unable to purchase a suitable home to meet your housing needs on the open market.
  • You do not already own a home or you will have sold your current home before you purchase or rent.

Description

Optivo are delighted to offer for sale this well-presented, newly decorated 2 Double Bedroom Flat located on the 3rd Floor.

The current market value is £215,000 for 100%. The minimum 50% share available is priced at £107,500, current rent payable £271.71 pcm, rent is subject to annual reviews. Service charges are currently £148.75 pcm.

Lease Term: 112 Years

Accommodation

The accommodation is laid out over a single floor and generally comprises the following:

3rd Floor Location

Entrance hall, open plan kitchen-living room with a breakfast bar, two double bedrooms and bathroom/WC.

The current ownerhas refitted new carpets throughout andvinyl flooring in kitchen and bathroom. The property is bright and spacious with large windows and ample storage cupboards in hall and second bedroom.

Floor Area

The property has a gross internal floor area of approximately 57m². (information obtained from the Energy Performance Certificate).

The International Property Measurement Standards (IPMS) bases of measurement have yet to be widely adopted; for ease of comparison the more widely used basis of Gross Internal Area has been used.

Local Information

The property is located in a large block of similar apartments right in the commercial centre of beautiful and bustling Leamington Spa. The property is well located for amenities within Leamington town centre, being within walking distance to the main High Street and is situated near beautiful parks.

Viewings by appointment only. Please contact : resales@optivo.org.uk

If you would like to apply after you have conducted a viewing, a PDF writable application form can be saved from the Brochure Section on this advert. Please email a fully completed copy to linda.evardsen @optivo.org.uk

Application forms need to be returned to Optivo by 29th June 2020

Please note though that if a high volume of applications is received, the deadline might be brought forward.


Key Features

2 Double Bedrooms

Newly Decorated

Double Glazing/Central Heating

Open plan kitchen - diner

Central Location

Beautiful lobby with lift access.

Bright and Spacious

Short Walk to Main Parade

15 min walk to train station

Reduced Price Parking permit available


Download Documents

Property brochure 1
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Calculate Monthly Cost

Share price
£ 107,500
Min. £107,500
Share percentage
Min. 50%
Your deposit
Min. £5,375
Monthly cost*
£957
Cost breakdown
£272
Rent
£149
Service charge
£536
Mortgage*
Calculated using a representative rate of 3.94%
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Optivo Resales

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Disclaimer

The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together:

  • 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 costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.


NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.