3 bedroom house for sale
Manor Road, NN15 6WE
Share percentage 70%, full price £271,428, £9,500 Min Deposit.
Share percentage 70%, full price £271,428, £9,500 Min Deposit.
Monthly Cost: £1,339
Rent £194,
Service charge £62,
Mortgage £1,083*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
Deposit: If you will be obtaining a mortgage you will need at least £9,500 in savings (i.e. a 5% deposit).
Application process: If you wish to proceed with an application, a financial assessment must be completed. This forms part of Home Group’s buyer approval process. The assessments are carried out remotely by a third-party company. Once you have confirmed an interest in purchasing a property, the contact details will be made available.
We will not carry out any credit checks or contact any reference agencies without your written consent.
Current homeowners: Anyone who currently owns a home must have a sale agreed to apply.
Pets: Are permitted with written permission in the form of a revocable licence.
Summary
New reduced price! Can you afford to miss out?
Description
***Please quote MAN297 when enquiring***
- The exciting stuff! -
Stunning 3 bed semi-detached property, situated on the prestigious Redrow homes development. Front and rear gardens, driveway with parking for 2 cars, fully fitted kitchen with fitted appliances. This property is in immaculate condition and must be seen.
- What’s it all about? -
Shared ownership is a government backed scheme that can be a stepping stone to completely owning your own home. If you’re finding it difficult to save for a deposit this is a great option as the amount you’ll need is based on the share you’re buying. With a deposit of 5% its more affordable, just £9,500 for a 70% share!
Also an option to purchase up to 100% freehold - the more shares you own, the less rent you pay! At 100% ownership, no rent is payable.
- The need-to-know bits -
PRICE- *£190,000
RENT- £194.37 pm
SERVICE CHARGE- £61.94 pm**
*This represents a 70% share of the full open market value of £271,428
**This includes: Service charge, Management fee and insurance these are reviewed annually.
Tenure: Leasehold
Lease: 125 years from 1 January 2017
Years remaining on lease: approx. 118 years
Deposit: If you will be obtaining a mortgage you will need at least £9,500 in savings (i.e. a 5% deposit).
Application process: If you wish to proceed with an application, a financial assessment must be completed. This forms part of Home Group’s buyer approval process. The assessments are carried out remotely by a third-party company. Once you have confirmed an interest in purchasing a property, the contact details will be made available.
We will not carry out any credit checks or contact any reference agencies without your written consent.
Current homeowners: Anyone who currently owns a home must have a sale agreed to apply.
Pets: Are permitted with written permission in the form of a revocable licence.
Key Features
- Available under the shared ownership scheme or 100% leasehold- you will not want to miss this one!
- *Only £210,000 for a 70% share*
- Viewing is highly recommended
- Immaculate semi-detached property
- Front and rear gardens
- Parking for 2 cars
- Call us today on 0191 731 1445 to find out more!
Particulars
Tenure: Leasehold
Lease Length: 118 years
Council Tax Band: C
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 70%, full price £271,428, £9,500 Min Deposit. Calculated using a representative rate of 5.26%