Share percentage 40%, full price £290,000, £5,800 Min Deposit.
Monthly Cost: £1,091
Rent £399,
Service charge £31,
Mortgage £661*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
Summary
2 bedroom detached property.
Description
SHARED OWNERSHIP Advertised at 40% ownership, this brand new two bedroom detached property boasts a fully fitted modern kitchen, allocated parking for two vehicles, downstairs w/c, upstairs bathroom and good size garden. Located in Cockfield, a charming village in the picturesque Suffolk. Price based on a 40% share but other share options are available.
Key Features
Shared Ownership
Downstairs W/C
Modern
Two Bedrooms
Option to Purchase More
Allocated Parking
Village Location
Price Based on 40% Share
Particulars
Tenure: Leasehold
Lease Length: 990 years
Council Tax Band: New build - Council tax band to be determined
Property Downloads
Key Information Document Floor Plan Brochure BrochureMap
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 40%, full price £290,000, £5,800 Min Deposit. Calculated using a representative rate of 5.26%
.pdf "Floor Plan")