2 bedroom house for sale
***UNDER OFFER*** 174 South Road, BN27 3NR
Share percentage 50%, full price £245,000, £6,125 Min Deposit.
Share percentage 50%, full price £245,000, £6,125 Min Deposit.
Monthly Cost: £1,075
Rent £366,
Service charge £11,
Mortgage £698*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
Summary
This property is a semi-detached house.
Description
Accommodation
Ground Floor: Entrance Hall/Stairs, Kitchen, Living Room, and a Utility Room.
First Floor: Landing, Two Bedrooms, and a Bathroom/WC.
Improvements:
1. Replacement of double-glazed windows
2. New consumer unit
3. New central heating boiler and radiators
4. New kitchen (fitted kitchen)
5. New bathroom suite
6. Replacement dormer flat roof
External: Allocated parking spaces and lawned garden to the rear.
Location
This property is positioned in a residential area and is approximately 9.9 miles of Wealden town centre.
Key Features
Purchase Information
For Sale is a 50% share of the property for £122,500 with an additional monthly charge of £377.19 which includes Rent, Ground Rent, Service Charge and Management Charge.
The Full Market Value of £245,000.00 does not consider the extensive improvements that have been undertaken in this property.
Therefore, the 50% share of £122,500.00 has an additional £30,000.00 to be added to cover the improvement value bringing the total payment required to £152,500.00.
Please take this into account with your finances as Mortgage Lenders will only loan on the market share valuation and not consider the improvements value. You will therefore require a large deposit of £30,000.00 plus any that your lender requires.
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: Not specified
Council Tax Band: C
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 50%, full price £245,000, £6,125 Min Deposit. Calculated using a representative rate of 5.26%
