2 bedroom apartment for sale
Raleigh Square, , NG7 4DN
Share percentage 50%, full price £125,000, £3,125 Min Deposit.
Share percentage 50%, full price £125,000, £3,125 Min Deposit.
Monthly Cost: £871
Rent £415,
Service charge £145,
Mortgage £311*
Calculated using a representative rate of 3.94%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Nottingham, Nottinghamshire
Description
Spacious two-bedroom apartment in Nottingham available through shared ownership. This fourth-floor apartment comprises an entrance hall, an open plan kitchen and reception room, two bedrooms, and a family bathroom. The propertyhas a new combi boiler fitted in the last year and a smart meter. The property also benefits from an allocated parking space, a lift that services all floors in the block, and access to communal grounds.
Minimum income required: £26,534
This is reduced if a larger deposit is available.
More shares can be purchased, from a minimum of 10%.
Available for £62,500 for 50% share based on the marketing figure of £125,000.
SO Resi Monthly Payment - £415.13
Monthly Service Charge - £145.42
Total Monthly Charge - £560.55 plus mortgage required for 50% share.
Read more about our Covid-19 update:https://soresi.co.uk/covid-19-message-resale
Layout and dimensionsThe property is approximately 61m2.
Kitchen / Reception room: 6.43 x 3.33
Bedroom 1: 4.62 x 2.84
Bedroom 2: 3.25 x 2.87
EPC ratingEnergy Rating Band - B
Environmental Impact Band - B
All room dimensions approximate.
Please note figures given for SO Resi monthly payment and service charge are correct at time of marketing. There is an annual increase that takes place. Please contact us for more information.
Key Features
- Two bedrooms
- Open plan living room
- Allocated parking
- Access to communal areas
- Close to city centre
- Available for 50% share
Property Downloads
Floor PlanMap
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 £125,000, £3,125 Min Deposit. Calculated using a representative rate of 3.94%
