Share percentage 50%, full price £345,000, £8,625 Min Deposit.
Monthly Cost: £1,305
Rent £395,
Service charge £50,
Mortgage £860*
Calculated using a representative rate of 3.94%
Calculate estimated monthly costs
- Your household income does not exceed £80,000 (outside of London) and £90,000 (inside of London)
- You have a deposit of at least 5% of the share value
- You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
- This will be your only residence.
- You are a permanent UK resident or have indefinite right to remain.
Summary
Wonderful 3 bedroom terraced house in the Poets Meadow development. The price advertised represents purchasing a 50% share of the home.
Description
Wonderful 3 bedroom terraced house in the Poets Meadow development. The price advertised represents purchasing a 50% share of the home.
About the Development
Poets Meadow is conveniently located between Warwick and Leamington Spa with excellent transport links and an array of wonderful shops, open spaces and history. From the charm of Warwick Castle to the bustling high street of Leamington Spa there are facilities for residents of all ages and tastes.
Sageare proud to bring to the market these stunning and three bedroom houses completed to a high specification built by David Wilson Homes.
About the Home
A three bedroom mid terrace house with a Kitchen, Separate Living Room, Downstairs Cloakroom and Main Bathroom. With an Allocated Parking Space.
About the Area
Nestled conveniently between Warwick and Leamington Spa with excellent transport links by road or rail. Just minutes to the M40 motorway with access to several motorways, ideal for Leamington Spa railway station which can take you to London or Birmingham New Street.
A well planned development of modern attractive housing appealing to a wide range of buyers. Sought after local schools, access to the history of Warwick and Kenilworth and a gateway to the beautiful Cotswolds.Leamington Shopping Centre is close by with a range of shops including a Marks andSpencer's, Next,Sainsburysand a Homebase.More individual and independent shops can be found in Warwick town centre with a wealth of restaurants and bars.
Shared Ownership
The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller upfront payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright. You can buy a minimum 50% share of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.
T&Cs
*Please note images are for information purposes only and may not represent a true likeness for the units being sold. Some or all images have been digitally furnished to represent how the home could be laid out and the final colours/appearance may differ from the images.
*Services Charges will apply, speak to our Sales Agent for more information. Costs are subject to change.
Key Features
- 3 bedroom mid-terraced house
- Flooring throughout
- Storage space
- Oven, hob and extractor
- Rear garden
- Allocated parking
- 3 piece bathroom with shower over bath
- There will be an added service charge
Property Downloads
Floor Plan Energy CertificateMap
The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together, rent, service charge and mortgage.
- 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.
Share percentage 50%, full price £345,000, £8,625 Min Deposit. Calculated using a representative rate of 3.94%
