Share Price £121,875 (from 75% Min. Share)

Full Value £162,500 | £6,094 Min. Deposit

Scheme: Shared Ownership Resales

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2 bedroom house in Peterborough - City of Peterborough

place Monarch Avenue, PE2 8SU

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Beautiful 2-bed home in the heart of Peterbrough


Eligibility

Minimum household income requirement: £28,641^

Application process: A financial assessment must be completed before any physical viewing can take place. This forms part of Home Group’s buyer approval process. These assessments are carried out remotely by The Mortgage People. Once you have confirmed an interest in purchasing a property, the contact details will be made available.

We will not carry out any credit checks or contact any reference agencies without your written consent.

Help to Buy Agent: In order to apply you must be registered with Help to Buy South https://helptobuyagent3.org.uk/user/ You will need to provide your HTB reference when completing the application process.

Current homeowners: Anyone who currently owns a home must have a sale agreed to apply.


Description

***Please quote MON667 when enquiring.***

- Introduction -

Looking for a new place to call home? Nestled in a quiet cul-de-sac in Fletton, Peterborough, this two-bed end-terrace is ideal for family living. With local amenities, schools and public transport nearby this property could be perfect for you! Can you afford to miss out?

- What the owner says -

“Parking for two cars which leads to the front garden mainly laid to lawn with a footpath to the front door. Enclosed rear garden with fence panels and mainly laid to lawn with a patio area and shed.

Close to city centre and train station. Children’s park on the estate, also close to primary and secondary schools and amenities.”

- Full description –

Shared ownership is a government backed scheme that can be a stepping stone to completely owning your own home. If you’re finding it difficult to save for a deposit this is a great option as the amount you’ll need is based on the share you’re buying.

Two-bed end-terrace house.

Entrance hallway with downstairs WC.

Living room (4.60m x 3.34m) has window overlooking front garden.

Kitchen/diner (4.60m x 2.82m) has built-in units, wood-effect worktops, stainless steel cooker hood, electric oven and gas hob, window and door leading to rear garden.

Two double bedrooms (4.60m x 2.82m) and (4.60m x 2.45m) with windows to the front and rear respectively.

Bathroom (1.98m x 1.96m) has bath with overhead shower, shower screen, wall-mounted mirror, extractor fan, wash hand basin and WC.

Tile is laid to the kitchen. Carpet is fitted to the living areas and bedrooms. Vinyl is laid to the bathroom.

Gas central heating.

Front lawn and enclosed rear garden with shed.

Two allocated parking spaces.

- Costs –

PRICE - £121,875*

RENT - £90.56pm

SERVICE CHARGE - £31.55pm**

*This represents a 75% share of the full open market value of £162,500

**This includes: management charge, service charge and building insurance. Rent and service charges are reviewed annually.

- General Information -

Tenure: Leasehold

Lease: 125 years from 1st April 2014

Years remaining on lease: approx. 119

Approximate internal area: 68 sq. m.

Local authority: Peterborough City Council

Council tax band: B

EPC rating: B (85)

- Terms, conditions and requirements -

Minimum household income requirement: £28,641^

Application process: A financial assessment must be completed before any physical viewing can take place. This forms part of Home Group’s buyer approval process. These assessments are carried out remotely by The Mortgage People. Once you have confirmed an interest in purchasing a property, the contact details will be made available.

We will not carry out any credit checks or contact any reference agencies without your written consent.

Help to Buy Agent: In order to apply you must be registered with Help to Buy South https://helptobuyagent3.org.uk/user/ You will need to provide your HTB reference when completing the application process.

Current homeowners: Anyone who currently owns a home must have a sale agreed to apply.


- Viewings -

In addition to the financial assessment, a virtual tour is required before any physical viewing can take place.

Virtual and physical viewings are held strictly by appointment - call today for more information.

Only those who have physically viewed the property are able to apply. If you have viewed and would like to apply please register your interest with the Resales Team.


Key Features

  • *£121,875 for a 75% share available under the shared ownership scheme*
  • You can purchase more shares up to 100% when the time is right for you
  • Viewing is highly recommended
  • Excellent starter home
  • Well maintained rear and font gardens
  • Private parking
  • Walking distance to public transport
  • Easy access to A1139 and Peterborough City Centre

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Calculate Monthly Cost

Share price
£ 121,875
Min. £121,875
Share percentage
Min. 75%
Your deposit
Min. £6,094
Monthly cost*
£730
Cost breakdown
£91
Rent
£32
Service charge
£607
Mortgage*
Calculated using a representative rate of 3.94%
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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.