2 bedroom house for sale
***UNDER OFFER*** 15 Virginia Crescent, Burton Latimer, NN15 5GB
Share percentage 55%, full price £205,000, £5,638 Min Deposit.
Share percentage 55%, full price £205,000, £5,638 Min Deposit.
Monthly Cost: £889
Rent £215,
Service charge £31,
Mortgage £643*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
Summary
This property is an end-terrace house.
Description
Accommodation
Ground Floor: Entrance Hall/Stairs, Kitchen, Living Room and a Guest Cloakroom/WC.
First Floor: Landing, Two Bedrooms and a Bathroom/WC.
External: Gardens to the front and rear of the property. Two car parking spaces.
Improvements: Rear garden has been landscaped.
Location
This property is positioned in a residential area and is within walking distance of Burton Latimer town centre and is a distance of approximately 4.3 miles of Kettering town centre.
Purchase Information
For Sale is a 55% share of the property for £112,750 with an additional monthly charge of £246.15 which includes Rent, Insurance and Management Charge.
The Full Market Value of £205,000 does not take into account the extensive improvements that have been undertaken in this property.
Therefore the 55% share of £112,750 has an additional £5,000 to be added to cover theimprovement valuebringing the total payment required to £117,750.
Please take this into account with your finances asMortgage Lenders will only loan on the market share valuation and not take into account the improvements value. You will therefore require a large deposit of £5,000 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: B
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 55%, full price £205,000, £5,638 Min Deposit. Calculated using a representative rate of 5.26%
