2 bedroom house for sale
18 Skylark Way, , CO10 9FX
Share percentage 50%, full price £315,000, £7,875 Min Deposit.
Share percentage 50%, full price £315,000, £7,875 Min Deposit.
Monthly Cost: £1,194
Rent £361,
Service charge £50,
Mortgage £783*
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
Brand new 2 bedroom semi-detached house on the Long Melford Development. The price advertised represents purchasing a 50% share of the home.
Description
Brand new 2 bedroom semi-detached house on the Long Melford Development. The price advertised represents purchasing a 50% share of the home.
About the Home
Semi Detached home, Hallway entrance, Lounge, Kitchen/Diner two bedrooms, family bathroom, enclosed rear garden and allocated parking
About the Development
Long Melford is a quintessential English village. Located in the picturesque Suffolk countryside, close to the Essex border.
This historic village boasts two large Manor Houses, an impressive village Church, an eclectic main street full of independent shops, galleries, antiques centres, tea rooms, restaurants, hotels & pubs. The village is also home to a country park, footpaths, cycle tracks and riverside walks.
About the Area
Long Melford is a quintessential English village, offering all you need within walking distance of the development, whilst also surrounded by stunning scenic walks and historic scenery. With a Co-op store for all your supermarket needs, as well as the more traditional family run village amenities such as Clark & Son Butchers, Tanswell’s Cakes Bakery, Angela’s clothing shop and the recently reopened Long Melford Antiques, Interiors & Lifestyle centre, providing a large retail area for small businesses to showcase and sell their items. Long Melford also has no shortage of local salons, with the Only Way is Beauty and The Beauty Lounge, as well as JD Creative Hair, M Hair & Beauty and Shear Hairdressing. Plus, with a selection of pubs as well as independent run restaurants, cafes and places to eat and drink in Long Melford, you really are spoilt for choice.
About Shared Ownership
The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller up front 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.
The minimum initial share you can purchase is 25% and the maximum initial share is 75% of the properties full market value. When you’re ready, you can buy more shares until you staircase to owning 100% of your home.
T&C's
*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.
Key Features
- 2 bedroom semi-detached house
- Flooring throughout
- Storage space
- Allocated parking
- Modern fitted kitchen
- Private garden
- 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 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 £315,000, £7,875 Min Deposit. Calculated using a representative rate of 3.92%
