2 bedroom apartment for sale
Available
City Heights, LE11 1DW
£62,500 · Shared Ownership Resale

Share percentage 50%, full price £125,000, £3,125 Min Deposit.

Available
2 bedrooms
Floor plan
floor-plan
Floor plan
floor-plan
£62,500 Shared Ownership Resale

Share percentage 50%, full price £125,000, £3,125 Min Deposit.

Monthly Cost: £737
Rent £342, Service charge £84, Mortgage £311*

Calculated using a representative rate of 3.94%

Calculate estimated monthly costs

£
Summary

Modern, contemporary two-bedroom apartment in Loughborough is available for shared ownership

Description

Modern, contemporary two-bedroom apartment in Loughborough is available for shared ownership.This ground-floor apartment comprises two double bedrooms, a hallway, one bathroom with shower over bath and heated towel rail, spacious open-plan lounge with kitchen, dining area. The residents can take advantage of the allocated parking space and the secure bike storage space that the property provides.

- Minimum income requirement - £22,799

- Income requirement reduces if a higher deposit's available

- Buy more shares for a minimum of 10%

A two-bedroom ground-floor flat located in Loughborough is available through Shared Ownership Scheme.

Available for £62,500 for 50% share based on the marketing figure of £125,000

SO Resi Monthly Payment - £342
Monthly Service Charge - £84
Total Monthly Charge - £424 PLUS MORTGAGE REQUIRED FOR 50% SHARE

Read more about our Covid-19 update:https://soresi.co.uk/covid-19-message-resales/

Energy Rating Band - C
Environmental Impact Band - C

All room dimensions are approximate.

Please note figures given for SO Resi monthly payment and service charge are correct at time of marketing. There is an annual increase that takes place. Please contact us for more information.

The apartment is located in the heart of Loughborough within walking distance from shops, supermarkets, weekly markets, bars, and cafes. Loughborough offers a wide selection of primary schools within walking distance along with easy access to the College and University.

Easy access to the train station, bus services and also offers excellent road links to Leicester and Nottingham with the M1 motorway via junction 21a (southbound) and 23 (northbound)

Key Features

Two bedrooms
Ground floor
Secure gated off-street parking
Close to local amenities
Close to Loughborough rail station
Available for 50% share

Property Downloads
Floor Plan
Map
Chesham (77.92 miles) Amersham (80.04 miles) Chalfont & Latimer (81.07 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.

£62,500
Shared Ownership Resale
Estimated Monthly Cost:£737
Rent £342
Service Charge £84
Mortgage £311

Share percentage 50%, full price £125,000, £3,125 Min Deposit. Calculated using a representative rate of 3.94%


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.