3 bedroom house for sale
Terry Brooks Close, Horsford, NR10 3GS
Share percentage 50%, full price £280,000, £14,000 Min Deposit.
Share percentage 50%, full price £280,000, £14,000 Min Deposit.
Monthly Cost: £1,049
Rent £317,
Service charge £22,
Mortgage £710*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
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.
Live, work or family connections in Broadland District Council area
Summary
3 Bed Mid Terrace House
Description
This home is available from a 50% share on a shared ownership basis with rent payable on the remaining share. There is the option to staircase up to 100% share in the future.
Applicants must have a local connection to Broadland district council either by currently living in the district, working, or have close family.
Key Features
3 Bedroom house
Fitted Kitchen with oven and hob
Bathroom with bath over shower
Downstairs W/C
Enclosed rear garden
Parking for two cars
Flooring throughout
Particulars
Tenure: Leasehold
Lease Length: 125 years
Council Tax Band: C
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 £280,000, £14,000 Min Deposit. Calculated using a representative rate of 4.64%
