2 bedroom apartment for sale
Stafford Rise, Caterham, CR3 6JY
Share percentage 40%, full price £320,000, £12,800 Min Deposit.
Share percentage 40%, full price £320,000, £12,800 Min Deposit.
Monthly Cost: £1,219
Rent £492,
Service charge £77,
Mortgage £650*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
You can buy a home through shared ownership if both of the following are true:
-Your household income is £80,000 a year or less (£90,000 a year or less in London)
-You cannot afford all of the deposit and mortgage payments for a home that meets your needs
One of the following must also be true:
- You’re a first-time buyer
- You used to own a home but cannot afford to buy one now
- You’re forming a new household - for example, after a relationship breakdown
- You’re an existing shared owner, and you want to move
- You own a home and want to move but cannot afford a new home that meets your needs
For some homes you may have to show that you live in, work in, or have a connection to the area where you want to buy the home.
Summary
Two bedroom maisonette with its own self contained front door.
Description
The accommodation comprises: -
- Private ground floor entrance to an entrance hallway with storage
- Shower room
- Two Bedrooms - The main bedroom has been split into two separate rooms, this property is considered a two bedroom flat
- All windows are double glazed
With traditional brick cavity wall construction, part rendered and tiled pitched roof.
Key Features
- One allocated off road car parking space
- Gas Central Heating throughout
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: C
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%
