3 bedroom house for sale
Heathers Close, Calvert, MK18 2FP
Share percentage 40%, full price £320,000, £12,800 Min Deposit.
Share percentage 40%, full price £320,000, £12,800 Min Deposit.
Monthly Cost: £986
Rent £315,
Service charge £21,
Mortgage £650*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
- Be a first time buyer or not currently named on a mortgage
- Demonstrate you meet the minimum income requirements
- Demonstrate a deposit sufficient to obtain a mortgage for the property
Summary
Three-bedroom semi-detached house in Calvert
Description
This three bedroom semi-detached house is an ideal opportunity to get on to the property ladder with Hastoe. It is being sold under the shared ownership scheme whereby you purchase a share in the property and pay a reduced rent on the remaining Hastoe equity.
Costs:
- Full Market Price: £320,000
- Minimum Share: 40%
- Share Value: £128,000
- Monthly Rent: £314.75
- Service Charge PCM (including buildings insurance): £20.83
- Total Monthly Charge: £335.58
- Next rental increase: December 2023
Apply online via the Hastoe sales website
What is shared ownership?
Shared ownership is a scheme designed to help those who wouldn’t otherwise be able to purchase a home of their own. This may be because you can’t meet the full mortgage repayments, save a sufficient deposit, or both. With shared ownership, you buy a percentage of your home and pay a reduced rent on the share you don’t own
How does shared ownership work?
You will buy a percentage share of a home, independently priced at market value. Hastoe will charge you rent on the share you don’t own plus a service charge. This service charge covers things like buildings insurance and estate maintenance.
This property has restricted staircasing to ensure the property remains affordable for future generations of local people.
About Hastoe:
Hastoe owns and manages over 7,500 homes in 70 local authority areas. Our properties are predominantly rural and we specialise in providing sustainable and affordable rural housing to enable local people to remain within their communities.
Key Features
- Parking
- Private garden
- Fitted kitchen
- Central heating
- Double glazing
- Over-bath shower
- Downstairs WC
Measurements:
- Kitchen: 3.2m x 5.3m
- Living Room: 3.4m x 4.4m
- Bedroom 1: 2.9m x 3.2m
- Bedroom 2: 2.6m x 3.7m
- Bedroom 3: 2.7m x 2.7m
- Bathroom: 1.7m x 2.1m
- Garden: 7.0m x 8.0m
Particulars
Tenure: Leasehold
Lease Length: 106 years
Council Tax Band: D
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 40%, full price £320,000, £12,800 Min Deposit. Calculated using a representative rate of 4.64%
