2 bedroom apartment for sale
Orchard Park, DH3 1PF
- What’s it all about? -
Older person Shared ownership is a government backed scheme that can be a stepping stone to completely owning your own home. You must be 55 years old or over to apply. 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 £2,812 for a 75% share!
- The need-to-know bits -
PRICE- *£56,250
RENT- £0.00
SERVICE CHARGE- £1023.43 per annum**
*This represents a 75% share of the full open market value of £75,000.
**This includes Service charge, Management fee, reserve fund and insurance these are reviewed annually in April.
Tenure: Leasehold.
Lease: 999 years from 5 June 1992.
Years remaining on lease: approx. 968 years.
Deposit: If you will be obtaining a mortgage you will need at least £2,812 in savings (i.e. a 5% deposit).
^If your deposit is more than 5%, the minimum income requirements may be less.
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 not permitted in flats.
Summary
Put your own stamp on this one, make it your forever home!
Description
Please quote ORC214 when enquiring
- The exciting stuff! -
2 bedrooms over 55’s first floor flat situated in this popular location. Local amenities such as shops and public transport. Allocated parking, kitchen diner, lounge and wet room. You can put your own stamp on this property to make it your home.
- 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 £2,812 for a 75% share!
- The need-to-know bits -
PRICE- *£56,250
RENT- £0.00
SERVICE CHARGE- £1023.43 per annum**
*This represents a 75% share of the full open market value of £75,000.
**This includes Service charge, Management fee, reserve fund and insurance these are reviewed annually in April.
Tenure: Leasehold.
Lease: 999 years from 5 June 1992.
Years remaining on lease: approx. 968 years.
Deposit: If you will be obtaining a mortgage you will need at least £2,812 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: Not permitted
Key Features
Available under the older person shared ownership scheme you must be 55 years or over to apply, own a maximum of 75%
*Only £56,250 for a 75% share*
Viewing is highly recommended.
First floor flat
Allocated parking space
Call us today on 0191 731 1445 to find out more
Particulars
Tenure: Leasehold
Lease Length: 968 years
Council Tax Band: A
