Share percentage 40%, full price £310,000, £6,200 Min Deposit.
Monthly Cost: £1,168
Rent £426,
Service charge £35,
Mortgage £707*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
You could purchase a home through the Shared Ownership scheme if:
- you're aged 18 or over
- you're afirst-time buyer
- you've owned a home before, or are in the process of selling one
- your household income is less than £80,000 per annum (£90,000 if you’re in London).
Some Shared Ownership homes require you to have a local connection. So, you may either need to live, work or have a family connection to the local area.
Summary
Two double bedrooms and your own parking spaces
Description
Featuring a spacious living/dining room with doors leading to the turfed rear garden. The kitchen is fitted with an oven, hob and cooker hood. On this floor, you’ll also find a downstairs WC.
Upstairs, there are two comfortable bedrooms. The bathroom has a modern, white suite.
Flooring is included throughout as well as two parking spaces.
- Tenure: Leasehold.
- Length of lease: 990 years.
- Reservation fee: £500.
- Council tax band: new build properties, band to be determined.
- Service charge is reviewed once a year.
Key Features
- Fitted kitchen with oven, hob and hood
- Modern bathroom suites
- Turfed back garden
- Your own parking spaces
- Air source heat pumps
Particulars
Tenure: Leasehold
Lease Length: 990 years
Council Tax Band: New build - Council tax band to be determined
Property Downloads
Floor PlanVirtual Tour
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 £310,000, £6,200 Min Deposit. Calculated using a representative rate of 5.26%
