2 bedroom apartment for sale

Under Offer

The Chimney, , LE1 4QD

£36,250 · Shared Ownership Resale

Share percentage 25%, full price £145,000, £1,813 Min Deposit.

Under Offer
2 bedrooms
Floor plan
floor-plan
Floor plan
floor-plan
£36,250 Shared Ownership Resale

Share percentage 25%, full price £145,000, £1,813 Min Deposit.

Monthly Cost: £631
Rent £289, Service charge £155, Mortgage £187*

Calculated using a representative rate of 4.25%

Calculate estimated monthly costs

£
Summary

A 2 bed shared ownership property available in Leicester, Leicestershire

Description

Spacious two-bedroom apartment in Leicester available through Shared Ownership. This ground-floor apartment comprises an entrance hall with a storage cupboard, an open plan kitchen and reception room, two bedrooms, and a bathroom. The property also benefits from an allocated parking space and access to communal grounds and areas.

Minimum income required: £16,860

This is reduced if a larger deposit is available.

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

Available for £36,250 for 25% share based on the marketing figure of £145,000.

Monthly rent - £289.24
Monthly Service Charge - £155.28
Total Monthly Charge - £444.52 plus mortgage required for 25% share.

Layout and dimensions

The property is approximately 63m2.

Kitchen / Reception room: 6.40 x 3.28

Bedroom 1: 3.66 x 3.05

Bedroom 2: 3.35 x 3.05

EPC rating

Energy Rating Band - C
Environmental Impact Band - B

Other information

All room dimensions are 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 contact us for more information.

Key Features
  • Two bedrooms
  • Ground floor
  • Open plan living area
  • Allocated parking space
  • Located in the city centre
  • Available for 25% share
Particulars

Tenure: Not specified
Council Tax Band: Not specified

Property Downloads
Floor Plan
Map
Leicester (0.75 miles) South Wigston (3.94 miles) Syston (4.37 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 and repairs for communal areas within your development.
  • Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.

NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.

£36,250
Shared Ownership Resale
Estimated Monthly Cost:£631
Rent £289
Service Charge £155
Mortgage £187

Share percentage 25%, full price £145,000, £1,813 Min Deposit. Calculated using a representative rate of 4.25%


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.