2 bedroom house for sale
29 Pankhurst Close, East Leake, LE12 6BD
Share percentage 50%, full price £250,000, £6,250 Min Deposit.
Share percentage 50%, full price £250,000, £6,250 Min Deposit.
Monthly Cost: £958
Rent £286,
Service charge £50,
Mortgage £622*
Calculated using a representative rate of 3.92%
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 2 bedroom bungalow in the Skylarks development. The price advertised represents purchasing a 50% share of the home.
Description
Wonderful 2 bedroom bungalow in the Skylarks development. The price advertised represents purchasing a 50% share of the home.
About the Development
This wonderful new development is located in the heart of Nottinghamshire and surrounded by panoramic views of forests and farm land. East Lake is an astounding and quaint little village that is within walking distance of the development. These 2 and 3 bed homes are perfect for those looking to embark on a shared ownership journey.
About the Home
This 2-bedroom bungalow opens to a spacious hallway. To either side you are presented with the bedrooms, both with large windows. Further down the hall there is a 3 piece bathroom and at the rear end the Kitchen/Living/Dining area is offered with French doors to the private garden.
About the Area
As a resident of the Skylarks, you’ll enjoy a relaxed village lifestyle, whilst having a wealth of shops, eateries, pubs and a supermarket all within a mile's walk.
Great schools are also within the catchment area, whilst the destination is proving a hit with commuters from all over the East Midlands.
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
- 2 bedroom Bungalow
- Flooring throughout
- Storage space
- Open plan living
- Large windows for natural light
- Integrated hob
- 3 piece bathroom with shower over bath
- There will be an added service charge
Particulars
Tenure: Not specified
Council Tax Band: Not specified
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 £250,000, £6,250 Min Deposit. Calculated using a representative rate of 3.92%
