2 bedroom apartment for sale
5 Lords Gardens, NR1 1FY
Share percentage 25%, full price £240,000, £3,000 Min Deposit.
Share percentage 25%, full price £240,000, £3,000 Min Deposit.
Monthly Cost: £892
Rent £428,
Service charge £156,
Mortgage £308*
Calculated using a representative rate of 4.24%
Calculate estimated monthly costs
Summary
The apartment is located on the second floor of a two storey block of apartments.
Description
VENDORS DETAILS:
• Throughout the house: storage cupboards in hallway, electric central heating, electrical sockets, window glazing
• Kitchen: all electric appliances.
• Bathroom: shower over bath.
• En-suite: shower.
• Parking: One reserved space.
• Surrounding Area: Shops, Restaurants, Leisure activities and local schools.
Accommodation: Second Floor: Entrance Hall/Stairs, Kitchen, Open Plan Lounge/Dining Room with external balcony and a Guest Cloakroom/WC, First Bedroom with en suite, second Bedroom and a separate Bathroom/WC.
External: Allocated parking spaces and lawned gardens.
Key Features
Location
This property is positioned in a residential area and is within walking distance of Norwich town centre.
Purchase Information
For Sale is a 25% share of the property for £60,000 with an additional monthly charge of £584.17 which includes Rent, Ground Rent, Service Charge and Management Charge.
Additional Information
If you require any further information or wish to arrange a viewing, please contact Orbit Home Ownership Services using the details provided.
Particulars
Tenure: Leasehold
Council Tax Band: B
Map
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 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.
Share percentage 25%, full price £240,000, £3,000 Min Deposit. Calculated using a representative rate of 4.24%
