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2 bedroom apartment for sale

Available

30 Jasmine Way, Terminus Avenue, TN39 3GJ

£149,000 · Shared Ownership Resale

Share percentage 50%, full price £298,000, £7,450 Min Deposit.

Available
2 bedrooms
1 Bathroom
Communal Garden
Parking
£149,000 Shared Ownership Resale

Share percentage 50%, full price £298,000, £7,450 Min Deposit.

Monthly Cost: £1,162
Rent £317, Service charge £103, Mortgage £742*

Calculated using a representative rate of 3.94%

Calculate estimated monthly costs

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Summary

The apartment is located on the first floor of a two-storey block of apartments.

Description

Accommodation:

First Floor: Kitchen, Living Room, 2 Bedrooms and Bathroom/WC.

Improvements: New Bathroom

External: Allocated single Parking Space within Communal Car Park and Communal Lawned Garden.

Location:

This property is positioned in a residential area and is within walking distance of Rother town centre.

Purchase Information:

For Sale is a 50% share of the property for £149,000 with an additional monthly charge of £419.96 which includes Rent, Ground Rent, Service Charge and Management Charge.

The Full Market Value of £298,000 does not take into account the extensive improvements that have been undertaken in this property. 

Therefore the 50% share of £149.000 has an additional £2000,00 to be added to cover the improvement value bringing the total payment required to £151,000.

Please take this into account with your finances as Mortgage Lenders will only loan on the market share valuation and not take into account the improvements value.  You will therefore require a large deposit of £2000,00 plus any that your lender requires.

Additional Information:

If you require any further information or wish to arrange a viewing, please contact Orbit Home Ownership Services using the details provided.

Map
Collington (0.08 miles) Bexhill (0.89 miles) Cooden Beach (1.33 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.

£149,000
Shared Ownership Resale
Estimated Monthly Cost:£1,162
Rent £317
Service Charge £103
Mortgage £742

Share percentage 50%, full price £298,000, £7,450 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.