5 bedroom house for sale
**UNDER OFFER** 20 Kinghorn Road, Earlham Rise, NR2 3QP
Share percentage 50%, full price £300,000, £7,500 Min Deposit.
Share percentage 50%, full price £300,000, £7,500 Min Deposit.
Monthly Cost: £1,297
Rent £429,
Service charge £13,
Mortgage £855*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
Summary
This property is a semi-detached house.
Description
Accommodation
Ground Floor: Entrance Hall/Stairs, Kitchen, Living Room and a Wet Room/WC.
First Floor: Landing, Three Bedrooms and a Bathroom/WC.
Second Floor: Landing and Two Bedrooms.
External: Gardens to the front and rear of the property. Driveway to the front.
Improvements: The loft (second floor) has been converted into two bedrooms and a wet room installed on the ground floor.
Location
This property is positioned in a residential area and is within walking distance of Norwich city centre.
Purchase Information
For Sale is a 50% share of the property for £150,000 with an additional monthly charge of £441.21 which includes Rent and Insurance.
The Full Market Value of £300,000 does not take into account the extensive improvements that have been undertaken in this property.
Therefore the 50% share of £150,000 has an additional £30,000 to be added to cover the improvement value bringing the total payment required to £180,000.
Please take this into account with your finances as Mortgage 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 £30,000 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 50%, full price £300,000, £7,500 Min Deposit. Calculated using a representative rate of 5.26%
