3 bedroom house for sale
Burrows Avenue, S45 9HZ
Share percentage 25%, full price £240,000, £3,000 Min Deposit.
Share percentage 25%, full price £240,000, £3,000 Min Deposit.
Monthly Cost: £967
Rent £600,
Service charge £25,
Mortgage £342*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
To be eligible for this scheme you must not own another property and, reside in the UK and be able to obtain a mortgage with Halifax for the minimum 25% share.
* Subject to checks and eligibility. Purchasers will be required to enter into a 1 year tenancy with no break clause. They can start the process of purchasing after the initial 3 month rent has expired.
** Buying fees will occur. Purchasers will be required to pay 5 weeks rental payment to secure the home.
^Dependant on lender requirements and purchasers will only be able to use Halifax for their mortgage application for this product.
^^ Service charges are estimated and may subject to change. Purchasers will not have to pay a service charge whilst renting, it will only apply after they purchase a share of the home at which point you will be responsible for 100% of the service charge fee each month.
^^^Purchase price may change from the advertised price at point of rental agreement.
*** These photos are for information purposes only and may not represent a true likeness for the units being sold. They may have been taken from earlier phases or similar developments/house types and digitally furnished to represent how the home could be laid out; the final colours/appearance/specification may differ from the images and are not plot specific. We advise applicants to make their own investigations on future development in the area. We would suggest contacting the local authority for more information.
Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.
Citra’s privacy notice can be viewed on their website https://www.citra.co.uk/privacy-notice/
Summary
Brand New Shared Ownership
Description
PATHWAYS BY CITRA OFFERS BRAND NEW HOMES AVAILABLE FOR RENT, WITH THE OPPORTUNITY TO BUY AFTER AN INITIAL 3 MONTH TENANCY*.
Kenning Brook is a brand-new development, which will feature a collection of 2, 3 and 4 bedroom homes. Homes at Kenning Brook will benefit from a new community, bringing with it an array of local amenities.
SPECIFICATION
The homes at Kenning Brook have been designed to a high standard and benefit from a ‘fully inclusive’ specification. Your home will have a fully fitted kitchen, contemporary bathrooms and light, spacious living areas.
LOCAL AREA
Embrace a lifestyle with endless possibility at Kenning Brook, with shopping, leisure facilities and an abundance of green spaces, residents can live life to the fullest. As well as a variety of local facilities, Sheffield, Mansfield and Nottingham are all within easy reach. Just 4 miles from the M1 or 6 miles from Chesterfield Rail Station, getting around is easy.
WHAT IS PATHWAYS BY CITRA?
We understand how important it is to feel secure in your home and to feel part of a community. We also realise it can be difficult to get your foot onto the property ladder. We want to help you own your own home. Once you have found a Citra home that you love and we have completed all of the necessary checks, you are ready to move in. If you want to buy your home, you can start the shared ownership process at any time after the three months of your agreement, using just a 5% deposit^. You will purchase an initial share between 25% and 75% of the property using a deposit and mortgage. You can then increase that share until you own it all**.
Key Features
Rent for 3 months before purchasing a 25%-75% share*
Brand new home
Kitchen/diner
Parking
Garden
Excellent commuter links
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 £240,000, £3,000 Min Deposit. Calculated using a representative rate of 5.26%
_amended.jpg "Floor Plan")