2 bedroom house for sale
**UNDER OFFER** 6 Sunderland Close, Carbrooke, IP25 6GR
Share percentage 25%, full price £157,000, £1,963 Min Deposit.
Share percentage 25%, full price £157,000, £1,963 Min Deposit.
Monthly Cost: £543
Rent £270,
Service charge £49,
Mortgage £224*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
Summary
This property is a two bedroom end-terrace house.
Description
Accommodation
Ground Floor: Entrance Hall, Lounge, Kitchen, Cloakroom with WC
First Floor: Landing, Bedroom 1, Bedroom 2, Bathroom
Improvements: New kitchen fitted, and oak flooring laid throughout.
External: Front and Rear Gardens. One Car Parking Space to front of property.
Location
The property is situated on a modern development of mixed type housing on a former airfield on the edge of Watton which is a mid-Norfolk retirement and commuter town 20 miles west of Norwich.
Purchase Information
For Sale is a 25% share of the property for £42,250.00 with an additional monthly charge of £319.11 which includes
Rent: £269.95
Service Charge: £17.79
Insurance: £11.31
Management Charge: £20.06
Improvement Information:
The Full Market Value of £157,000.00 does not consider the extensive improvements that have been undertaken in this property.
Therefore, the 25% share of £39,250.00 has an additional £3,000.00 to be added to cover the improvement value bringing the total payment required to £42,250.00.
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 £3,000.00 plus any that your lender requires.
If you require any further information or wish to arrange a viewing, please contact Orbit Home Ownership Services using the details provided.
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: Not specified
Property Downloads
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 25%, full price £157,000, £1,963 Min Deposit. Calculated using a representative rate of 5.26%
