1 bedroom apartment for sale

Under Offer

Checkland Road, , LE4 8NZ

£23,250 · Shared Ownership Resale

Share percentage 25%, full price £93,000, £1,163 Min Deposit.

Under Offer
1 bedroom
Floor plan
floor-plan
Floor plan
floor-plan
£23,250 Shared Ownership Resale

Share percentage 25%, full price £93,000, £1,163 Min Deposit.

Monthly Cost: £300
Rent £103, Service charge £83, Mortgage £114*

Calculated using a representative rate of 3.82%

Calculate estimated monthly costs

£
Summary

A 1 bed shared ownership property available in Leicester, Leicestershire

Description

Well presented one-bedroom apartment in Leicester available through shared ownership. This second-floor apartment comprises an entrance hall, reception room and kitchen, one-bedroom, and a bathroom. The property also benefits from an allocated parking space and access to communal areas and gardens, including secure bike storage, and visitors parking.

Minimum income required: £9,637

This is reduced if a larger deposit is available.

More shares can be purchased, from a minimum of 10%.

Available for £23,250 for 25% share based on the marketing figure of £93,000.

SO Resi Monthly Payment - £102.59
Monthly Service Charge - £83.34
Total Monthly Charge - £185.93 plus mortgage required for 25% share.

Read more about our Covid-19 update: https://soresi.co.uk/covid-19-message-resales/

Layout and dimensions

The property is approximately 41m2.

Kitchen: 3.00 x 2.54

Reception room: 3.48 x 3.28

Bedroom: 3.61 x 3.12

EPC rating

Energy Rating Band - B
Environmental Impact Band - B

Other information

All room dimensions approximate

Please note figures given for SO Resi monthly payment and service charge are correct at the time of marketing. There is an annual increase that takes place. Please refer to Resale Team for up-to-date information.

Key Features
  • One bedroom
  • Open plan reception room
  • Close to local amenities
  • Allocated parking space
  • Secure bike storage
  • Available for 25% share
Particulars

Tenure: Not specified
Council Tax Band: Not specified

Property Downloads
Floor Plan
Map
Syston (0.78 miles) Sileby (3.44 miles) Leicester (3.85 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.

£23,250
Shared Ownership Resale
Estimated Monthly Cost:£300
Rent £103
Service Charge £83
Mortgage £114

Share percentage 25%, full price £93,000, £1,163 Min Deposit. Calculated using a representative rate of 3.82%


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.