Studio apartment for sale

Available

Berrington Place, B5 Central Barrow Walk, B5 7LG

£76,400 · Shared Ownership New Build

Share percentage 40%, full price £191,000, £3,820 Min Deposit.

Available
Studio
1 Bathroom
Floor plan
floor-plan
Floor plan
floor-plan
£76,400 Shared Ownership New Build · Eligibility Eligibility

Share percentage 40%, full price £191,000, £3,820 Min Deposit.

Monthly Cost: £727
Rent £263, Service charge £83, Mortgage £381*

Calculated using a representative rate of 3.94%

Calculate estimated monthly costs

£
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.

Summary

Perfect for first time buyers, our apartments are placed right in the middle of Birmingham

Description

This contemporary one bedroom apartment features a spacious open plan kitchen, dining and living area. Its over-sized window allows plenty of natural light through, making the open plan space bright and airy. There is also a double bedroom and bathroom which includes a shower over the bath.

*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/living area
  • Large windows to allow in natural light
  • Shower over bath in the bathroom
  • Double master bedroom
  • Flooring included (vinyl to kitchen and wet areas
    carpet in the rest of the property)
  • Audio entry system
  • Symphony fitted kitchen with 22mm worktops and upstand
  • Electric induction hob/stainless steel chimney style hood/integrated single oven
  • Washing machine
  • Integrated dishwasher
  • Integrated 70/30 fridge freezer
  • Contemporary white sanitaryware
  • Stainless steel towel rail
  • Thermostatic shower and glass screen
  • Built-in wardrobes with mirrored doors
  • USB/double socket
  • Gas central heating
  • Mains operated smoke detector/heat detectors
  • Battery operated CO detector
Property Downloads
Key Information Document Floor Plan
Map
Birmingham New Street (0.48 miles) Birmingham Moor Street (0.48 miles) Bordesley (0.64 miles)
Monthly Cost Calculator

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together, rent, service charge and mortgage.

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  • 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.

£76,400
Shared Ownership New Build
Estimated Monthly Cost:£727
Rent £263
Service Charge £83
Mortgage £381

Share percentage 40%, full price £191,000, £3,820 Min Deposit. Calculated using a representative rate of 3.94%


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Berrington Place
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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.