2 bedroom apartment for sale

Available

62 Reaseheath Way, Henhull, Nantwich, Cheshire, CW5 6XF

£82,500 · Shared Ownership Resale

Share percentage 50%, full price £165,000, £8,250 Min Deposit.

Available
2 bedrooms
2 Bathrooms
Parking
Floor plan
floor-plan
Floor plan
floor-plan
£82,500 Shared Ownership Resale

Share percentage 50%, full price £165,000, £8,250 Min Deposit.

Monthly Cost: £808
Rent £212, Service charge £177, Mortgage £419*

Calculated using a representative rate of 4.64%

Calculate estimated monthly costs

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Summary

A Fantastic Opportunity to Purchase a Two Bedroom Flat on a Shared Ownership Basis

Description

This first-floor flat has a spacious, 'L-shaped' reception room with Juliette balcony and open-plan kitchen featuring integrated appliances. There is a large main bedroom with en-suite shower room plus a second comfortable double bedroom, a simple, modern bathroom and a fitted storage/utility cupboard in the entrance hallway. The energy-efficiency rating is very good, thanks to well insulated walls, high performance glazing and gas central heating. The block has a communal cycle store, a parking area which includes a space for this flat, Nantwich's attractive town centre is only a short walk away and the railway station is within easy reach. The three nearest schools (two primaries and a secondary) are all Ofsted-rated 'Good'.

SHARED OWNERSHIP (Advertised price represents 50% share. Full market value £165,000).

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [https://tinyurl.com/289hkxak]

(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: Heylo. Heylo Housing requires that all applicants must have Permanent rights to reside in the UK.
Tenure: Leasehold (125 years from 2020).
Minimum Share: 50% (£82,500).
Shared Ownership Rent: £212.38 per month (subject to annual review).
Combined Service Charge and Management Fee: £177.32 per month (subject to annual review).
Guideline Minimum Income: Dual £24,500 | Single £28,400 (based on minimum share and 10% deposit).
Council Tax: Band B, Cheshire East 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.

Key Features
  • Guideline Minimum Deposit £8,250
  • Guide Minimum Income £24.5k | Dual £28.4k Single
  • First Floor
  • Approx. 703 Sqft Gross Internal Area
  • High Performance Glazing
  • Bathroom plus En-Suite Shower Room
  • Parking Space
  • Short Walk to Town Centre
Particulars

Tenure: Leasehold
Lease Length: 122 years
Council Tax Band: B

Property Downloads
Floor Plan Brochure
Map
Nantwich (0.87 miles) Crewe (4.08 miles) Wrenbury (4.76 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.

£82,500
Shared Ownership Resale
Estimated Monthly Cost:£808
Rent £212
Service Charge £177
Mortgage £419

Share percentage 50%, full price £165,000, £8,250 Min Deposit. Calculated using a representative rate of 4.64%


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.