4 bedroom house for sale
Available
Saddler Drive, TS21 2BF
£147,500 · Shared Ownership Resale

Share percentage 50%, full price £295,000, £14,750 Min Deposit.

Available
4 bedrooms
3 Bathrooms
Private Garden
Pets allowed
Parking
Floor plan
floor-plan
Floor plan
floor-plan
£147,500 Shared Ownership Resale · Eligibility Eligibility

Share percentage 50%, full price £295,000, £14,750 Min Deposit.

Monthly Cost: £1,007
Rent £328, Service charge £43, Mortgage £636*

Calculated using a representative rate of 3.09%

Calculate estimated monthly costs

£
Eligibility

WHAT IS SHARED OWNERSHIP ?
Shared Ownership is a housing scheme designed to help homebuyers who are unable to afford the cost of buying a property outright on the open market. Properties may be sold off-plan or new build direct from housing associations, or pre-owned from existing shared owners. The rules and terms of the scheme are set by the Greater London Authority (GLA) in London and Homes England outside of London.

IS SHARED OWNERSHIP FOR YOU ?
The GLA and Homes England set the eligibility criteria for Shared Ownership, but broadly speaking you must:
 Not own another property in the UK or any other country.
 Have a household income that falls below £90,000 (£80,000 threshold outside the M25). Every property will have a minimum income level too, determined by its’ value, rent and service charge costs. In most cases you will need to meet or exceed the given minimum income.
 Have access to a minimum deposit of 10% of the share being purchased (a minimum deposit of 5% of the share being purchased may be acceptable depending on individual financial status).
 Be in full time permanent employment.
 Be a British, EU or EEA Citizen or have indefinite leave to remain in the UK.
 Have a good credit history.
If you are still unsure about Shared Ownership or would like more information view [ Facts and Frequently Asked Questions]

Summary

A Fantastic Opportunity to Purchase a Four Bedroom House on a Shared Ownership (Part Buy/Part Rent) Basis

Description

SHARED OWNERSHIP(Advertised price represents 50% share. Full market value £295,000). A brilliant chance to buy a four-bedroom detached house with integral garage, driveway and rear garden. The property provides over thirteen hundred square foot of space and features a front reception room with bay window, a ground-floor cloakroom and a 26' kitchen/dining room. On the first floor is a main bedroom with en-suite shower room plus two other generously-sized bedrooms, a slightly smaller fourth double and a family bathroom. The energy-efficiency rating is very good, thanks to well insulated walls, roof and floor, high performance glazing and a modern gas central heating system. Sedgefield's attractive high street is only a short walk away and the nearby roads allow easy access to the regions major towns and cities as well as to the A1(M).

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM[HERE; https://bit.ly/3ANHMaI]

(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)

Tenure:Leasehold (125 years from 2019).
Minimum Share:50% (£147,500).
Shared Ownership Rent:£327.69 per month (subject to annual review).
Combined Insurance and Admin Fee:£32.79 per month (subject to annual review).
Service Charge:£121.68 for the year (estimated and subject to annual review).
Guideline Minimum Income:Dual £31,600 | Single £36,800 (based on minimum share and 10% deposit).
Council Tax:Band D, Durham County Council. Priority is given to applicants living and/or working in this local authority.

This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone.

Key Features
  • Guideline Minimum Deposit £14,750
  • Guideline Income Dual £31.6k | Single £36.8k
  • Two Storey, Detached House
  • Approx. 1350 Sqft Gross Internal Area
  • High Performance Glazing
  • Gas Central Heating
  • Rear Garden
  • Garage plus Driveway
Property Downloads
Floor Plan Brochure Energy Certificate
Map
Chesham (206.36 miles) Amersham (208.52 miles) Chalfont & Latimer (209.27 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.

Read More Read Less
  • 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.

£147,500
Shared Ownership Resale
Estimated Monthly Cost:£1,007
Rent £328
Service Charge £43
Mortgage £636

Share percentage 50%, full price £295,000, £14,750 Min Deposit. Calculated using a representative rate of 3.09%


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.