2 bedroom apartment for sale
19 Brick Kiln Road, Fakenham, Norfolk, NR21 8QD
Share percentage 40%, full price £180,000, £7,200 Min Deposit.
Share percentage 40%, full price £180,000, £7,200 Min Deposit.
Monthly Cost: £761
Rent £248,
Service charge £104,
Mortgage £409*
Calculated using a representative rate of 5.79%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a Two Bedroom Flat, on a Shared Ownership (Part Buy/Part Rent) Basis, through Clarion Housing
Description
This attractively-presented flat is on the first floor of a recently-constructed building and has a twenty-foot reception room which overlooks the adjoining field. The spacious, open-plan kitchen receives plenty of natural light thanks to two south-facing windows. There is a main bedroom with fitted wardrobe and en-suite shower room plus a good-sized second double bedroom and a bathroom with limestone style tiles. Well insulated walls, high performance glazing and a modern gas central heating system make for a very good energy-efficiency rating. The flat comes with use of a parking space and Brick Kiln Road is also within comfortable walking distance, or a brief cycle ride, of the town centre.
SHARED OWNERSHIP (Advertised price represents 40% share. Full market value £180,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [https://tinyurl.com/2es8xycs]
(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)
Housing Association: Clarion.
Tenure: Leasehold (125 years from 2020).
Minimum Share: 40% (£72,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £248.11 per month (subject to annual review).
Service Charge: £104.17 per month (subject to annual review).
Ground Rent: £125.00 for the year.
Guideline Minimum Income: Dual - £20,500 | Single - £24,500 (based on minimum share and 10% deposit).
Council Tax: Band A, North Norfolk District Council. Priority is given to applicants living and/or working in this local authority.
This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone. Pets not permitted (except assistance animals).
Key Features
- Guideline Minimum Deposit £7,200
- Guide Minimum Income £20.5k Dual £24.5.k Single
- First Floor
- Approx. 712 Sqft Gross Internal Area
- Open Plan Kitchen/Reception Room
- Bathroom plus En-Suite Shower Room
- High Performance Glazing
- Parking Space
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: A
Property Downloads
Floor Plan Brochure Energy CertificateMap
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 40%, full price £180,000, £7,200 Min Deposit. Calculated using a representative rate of 5.79%