2 bedroom apartment for sale
Highland Court, , NG5 1GR
Share percentage 25%, full price £115,000, £1,438 Min Deposit.
Share percentage 25%, full price £115,000, £1,438 Min Deposit.
Monthly Cost: £975
Rent £680,
Service charge £131,
Mortgage £164*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Nottingham, Nottinghamshire
Description
Bright, spacious second-floor apartment in Nottingham is available for Shared Ownership. The property comprises an open-plan kitchen/reception with a Juliette balcony, two large double bedrooms, a family bathroom with shower over bath, and a hallway with a large storage cupboard. The property also benefits from an allocated parking space.
Available for £28,750 for 25% share based on the marketing figure of £115,000.
Monthly rent - £680.10
Monthly Service Charge - £131.33
Total Monthly Charge - £811.43 plus mortgage required for 25% share.
An annual rent increase takes place every April
Lease informationYears remaining on lease: 82
The remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.
EPC ratingEnergy rating band - B
Key Features
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor PlanMap
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 £115,000, £1,438 Min Deposit. Calculated using a representative rate of 5.26%
