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2 bedroom apartment for sale

Under Offer

Flat 7, 34 Bromley Road, GL2 2JD

£70,000 · Shared Ownership Resale

Share percentage 40%, full price £175,000, £7,000 Min Deposit.

Under Offer
2 bedrooms
1 Bathroom
Parking
£70,000 Shared Ownership Resale · Eligibility Eligibility

Share percentage 40%, full price £175,000, £7,000 Min Deposit.

Monthly Cost: £620
Rent £228, Service charge £37, Mortgage £355*

Calculated using a representative rate of 4.64%

Calculate estimated monthly costs

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Eligibility

You may be eligible for this property if:

  • You have a gross household income of no more than £80,000 per annum.
  • You are unable to purchase a suitable home to meet your housing needs on the open market.
  • You do not already own a home or you will have sold your current home before you purchase or rent.
Summary

2-bedroom apartment available for shared ownership

Description
  • 2-bedroom flat on first floor
  • 1 bathroom, entrance hall, living room/kitchen. 68 square metres in total.
  • Gas-fired radiator central heating.
  • Lies within extensive area of modern residential development
  • With own single garage
  • Built 2017
Key Features
  • Large single garage
  • Property sold as a leasehold
  • Monthly rental of £228.40 is payable in respect of the 60% share retained by the housing provider, plus monthly service charge of £37.46
  • Council tax Band B
  • Valued 16/03/2023
Particulars

Tenure: Leasehold
Lease Length: 125 years
Council Tax Band: B

Property Downloads
Brochure Energy Certificate
Map
Gloucester (3.35 miles) Stonehouse (5.06 miles) Stroud (5.40 miles)
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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.

£70,000
Shared Ownership Resale
Estimated Monthly Cost:£620
Rent £228
Service Charge £37
Mortgage £355

Share percentage 40%, full price £175,000, £7,000 Min Deposit. Calculated using a representative rate of 4.64%

£
Elim Housing Association
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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.