3 bedroom house for sale

Available

Haven Court, SR6 0RL

£157,500 · Shared Ownership Resale

Share percentage 63%, full price £250,000, £7,875 Min Deposit.

Available
3 bedrooms
2 Bathrooms
Private Garden
Pets allowed
Parking
£157,500 Shared Ownership Resale · Eligibility Eligibility

Share percentage 63%, full price £250,000, £7,875 Min Deposit.

Monthly Cost: £1,130
Rent £254, Service charge £32, Mortgage £844*

Calculated using a representative rate of 4.64%

Calculate estimated monthly costs

£
Eligibility

Minimum household income requirement: £36,228^

Deposit: If you will be obtaining a mortgage you will need at least £7,812 in savings (i.e. a 5% deposit).

^If your deposit is more than 5%, the minimum income requirements may be less. Please contact us for further details.

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 North https://www.helptobuyagent1.org.uk/. 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.

Summary

Look no further if you’re seeking a new place to call home in 2022!

Description

***Please quote HAV429 when enquiring.***

- Introduction -

Look no further if you’re seeking a new place to call home in 2022! Just a stone’s throw from Roker beach and marina, can you afford to miss out? Only £7,812 for a 5% deposit, could this be the new start you’re waiting for?

Perfectly placed in a residential area in Roker, your new home offers an abundance of activities for your evenings and weekends. With easy access to Sunderland, take a shopping trip to Newcastle, a weekend wander on the beach or simply enjoy the sunshine from your own back garden! Situated in a quiet area, with no through traffic, overlooking the marina. Call us to find out more!

- What the owner says -

“Local cafes, restaurants and shops within walking distance. Located on a popular marina development with easy access to the beach. Very child friendly location with excellent schools. Easy access to road network but in a quiet location. Friendly and welcoming neighbourhood. The house has beautiful views of the river.”

- 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. At this property a 5% deposit is within reach - just £7,812 for a 62.5% share!

- 3 bed semi-detached house.

- Newly fitted doors to the front and rear and garage door.

- Living room (3.3m x 7.2m).

- Kitchen (2.6m x 3.6m).

- Master bedroom (3.5m x 2.8m) has an ensuite shower room.

- Second (3.0m x 2.8m) and third bedrooms (2.4m x 1.6m)

- Family bathroom.

- Gas central heating.

- Conservatory (2.5m x 2.4m) provides access to the private rear garden.

- Single garage with driveway for parking.

- Costs –

PRICE - £156,250*

RENT - £253.88pm

SERVICE CHARGE - £31.56 **

*This represents a 62.5% share of the full open market value of £250,000

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

- General Information -

Tenure: Leasehold

Lease: 125 years from 30 July 1997

Years remaining on lease: 101 approx.

Approximate internal area: 100 sq. m.

Local authority: Sunderland City Council

Council tax band: C

EPC rating: D (62)

- Terms, conditions and requirements -

Minimum household income requirement: £36,228^

Deposit: If you will be obtaining a mortgage you will need at least £7,812 in savings (i.e. a 5% deposit).

^If your deposit is more than 5%, the minimum income requirements may be less. Please contact us for further details.

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 North https://www.helptobuyagent1.org.uk/. 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
  • *£156,250 for a 62.5% share*
  • Only £7,812 for a 5% deposit!
  • 62.5% share available under the shared ownership scheme
  • Viewing is highly recommended
  • Excellent starter home
  • Garage and private rear garden
  • Walking distance to public transport
  • Easy access to Roker and Sunderland
  • You can purchase more shares up to 100% after 3 month’s ownership
Particulars

Tenure: Not specified
Council Tax Band: Not specified

Property Downloads
Energy Certificate
Map
Stadium of Light (0.68 miles) St Peters (0.81 miles) Sunderland (0.97 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 and repairs for communal areas within your development.
  • Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.

NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.

£157,500
Shared Ownership Resale
Estimated Monthly Cost:£1,130
Rent £254
Service Charge £32
Mortgage £844

Share percentage 63%, full price £250,000, £7,875 Min Deposit. Calculated using a representative rate of 4.64%


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.