1 bedroom apartment for sale

Available

Off Innsworth Lane, GL3 1EA

£60,000 · Shared Ownership New Build

Share percentage 40%, full price £150,000, £3,000 Min Deposit.

Available
1 bedroom
1 Bathroom
Parking
£60,000 Shared Ownership New Build · Eligibility Eligibility

Share percentage 40%, full price £150,000, £3,000 Min Deposit.

Monthly Cost: £581
Rent £206, Service charge £67, Mortgage £308*

Calculated using a representative rate of 4.24%

Calculate estimated monthly costs

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Eligibility

Local Area Connection
Built specifically to help meet the needs of local people priority will be given to applicants who have a connection to Tewksbury, Gloucestershire, or Cheltenham. If you have been a resident (or employed within) the area for a number of years (usually between 2-5) or have family connections – for example, parent, grandparent, child, grandchild or adult sibling – who have lived in the area for at least three years.

Summary

1 bedroom, energy-efficient apartment.

Description

Designed around open-plan living, you'll love the feel of this spacious one-bedroom apartment.

The hallway, with its useful storage cupboard, leads to a double bedroom and stylish bathroom. The heart of this home is the spacious open plan living-dining room with space for home working, a modern fitted kitchen, and French doors out to a feature balcony; perfect for catching the afternoon sun. This home also includes allocated parking.

Service charge is reviewed annually in line with inflation.
Median Council Tax Band for Tewkesbury: C

*Please be advised that this property is Leasehold with a 125-year lease. Service charges are reviewed annually in line with inflation.

* Share prices and purchases can range between 25%-75% the above 40% is an average purchase percentage. Terms and conditions apply. Prices are correct at the time of publication.

*Computer-generated images and photography are intended for illustrative purposes only and may not represent the actual fittings and furnishings at the development. Images are of typical elevations and may vary. Please speak to an advisor for more information.

Key Features

Open-plan living space
Fitted kitchen with built-in oven, hob & extractor hood
Stylish bathroom
Full gas-fired central heating
Double glazing and high-performance insulation throughout
Practical storage cupboard in the hallway
Allocated parking spaces
10-year New Home warranty

Particulars

Tenure: Leasehold
Council Tax Band: C

Map
Gloucester (2.05 miles) Cheltenham Spa (4.63 miles) Ashchurch for Tewkesbury (8.64 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.

£60,000
Shared Ownership New Build
Estimated Monthly Cost:£581
Rent £206
Service Charge £67
Mortgage £308

Share percentage 40%, full price £150,000, £3,000 Min Deposit. Calculated using a representative rate of 4.24%


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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.