Share percentage 25%, full price £249,000, £3,113 Min Deposit.
Monthly Cost: £839
Rent £342,
Service charge £142,
Mortgage £355*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
You may be eligible for this property if:
- You have a gross household income of no more than £80,000 per annum.
- You are unable to purchase a suitable home to meet your housing needs on the open market.
- You do not already own a home or you will have sold your current home before you purchase or rent.
Summary
Shared Ownership 2 Bed Apartment For Sale From Only £62,250*
Description
Buy a 25% - 75% share in this newly built apartment in Monton from only £62,250 through Shared Ownership. The full value of this apartment is £249,000 and 5% deposits are available.
Shared ownership provides a perfect opportunity for first time buyers and those who do not currently own a home to buy a share in one of our newly built, high spec apartments – for The Foundry
shares are available to purchase from 25% to 75%.
Purchase your share in one of our homes with a mortgage and pay rent on the remainder, with the option of buying more shares in your home in the future if you wish to.
Shared Ownership means that you only need a mortgage for your share in your home, so the amount you need for a mortgage deposit is generally far less than buying a comparative property outright. The combined mortgage and rent are usually less together than renting privately.
Be quick.
Opportunities like this don't last forever. The clock is ticking, and these apartments are in high demand. Our friendly and knowledgeable team is here to guide you every step of the way. They can answer any questions you may have and assist in determining if you are eligible for a Shared Ownership home.
Seize the moment, make Monton your new home, and let us help you take that crucial step onto the property ladder. Don't wait, act quickly to secure your future today.
Key Features
Kitchen:
• Fully fitted kitchen by Paula Rosa Manhattan
• Beko integrated oven, hob and extractor fan
• Beko Integrated Combi Fridge Freezer
• Beko Integrated Washer Dryer
• Beko Integrated Dishwasher
• Non slip vinyl flooring
• LED downlights
Bathroom / En Suite:
• Over-bath shower with glass screen
• Porcelanosa ceramic wall tiles
• Heated towel rail
• Non-slip vinyl flooring
• LED downlights
• Illuminated LED Bathroom Mirror
General:
• Chrome sockets throughout
• Adax Neo panel heaters
• Modern Jeld Wen Newark doors
• Secure entrance with door entry system
• TV points to living space
• Mains-operated smoke detectors with battery back-up
External:
• High quality landscaping
• Secure cycle storage
• Parking available
Particulars
Tenure: Leasehold
Lease Length: 250 years
Council Tax Band: A
Property Downloads
Floor Plan BrochureVideo Tour
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 25%, full price £249,000, £3,113 Min Deposit. Calculated using a representative rate of 5.26%
