Share Price £83,498 (from 50% Min. Share)

Full Value £166,995 | £4,175 Min. Deposit

Scheme: Shared Ownership

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Cherry Tree Park - Barratt - 2 bed house in Ryhope - Sunderland

place Cherry Tree Park, St Benedicts Way, SR2 0NY

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An exciting new development of stylish 2-3 bedroom homes


Eligibility

You are eligible to purchase a Home Reach property in England or Wales if:

· Your household income does not exceed £80,000 per annum for homes outside of London (£90,000 in London)

· You have a deposit (at least 5% of the share value)

· You are a first-time buyer or used to own a home, but cannot afford to buy outright now

· The shared ownership property will be your principle and only home

· You have passed a financial assessment, demonstrating you are financially able to purchase the minimum share value and support the monthly costs.


Description

Ideal for first time buyers, your new Kenley home features fantastic open-plan living with a kitchen/dining room with French doors opening onto the rear garden. To the front of your home you will find a spacious lounge, great for relaxing evenings together.

Two double bedrooms complete your upstairs, with the second double bedroom spacious enough to double as a home office. Completing your home is a family bathroom and driveway parking for two cars.

*Images are for illustrative purposes only. Please speak to Sales Adviser for full details*

**Prices vary across plots, please speak to a sales advisor for more information**

Service charge outlined on this portal is heylo’s monthly lease management fee and if applicable, includes an estimated monthly buildings insurance charge. Additional Estate and Service charge fees may apply and are available directly from the sales team on site.


Key Features

  • Open plan kitchen/diner
  • French doors onto the rear garden
  • Spacious separate living space
  • Downstairs W.C.
  • Built-in storage to the ground floor
  • Built-in storage to the master
  • Driveway parking
  • Symphony fitted kitchen units
  • Stainless steel 4 burner gas hob/chimney hood/integrated single oven
  • Twyford sanitary ware suite
  • External light to front entrance
  • Full central heating
  • Mains operated smoke detectors

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Calculate Monthly Cost

Share price
£ 83,498
Min. £83,498
Share percentage
Min. 50%
Your deposit
Min. £4,175
Monthly cost*
£652
Cost breakdown
£191
Rent
£45
Service charge
£416
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.