2 bedroom apartment for sale
9 Mallory Drive, Yaxley, PE7 3AF
Share percentage 40%, full price £170,000, £3,400 Min Deposit.
Share percentage 40%, full price £170,000, £3,400 Min Deposit.
Monthly Cost: £643
Rent £241,
Service charge £14,
Mortgage £388*
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
Available Now! 2-bedroom maisonnette in Yaxley, Peterborough is available to purchase through the Shared Ownership Scheme
Description
This 2-bedroom maisonette is situated in Yaxley, Peterborough and is available to purchase through the Shared Ownership scheme.
Full Market Value: £170,000
Share Available: 40%
Monthly Rent: £241.43
Monthly Service Charge: £13.75
Remaining Lease Term: 123 years
About the Property
As you enter the property you will be in the entrance hallway, where there is some space for coathooks and a small dresser. The stairs to the first floor are straight ahead. The hallway runs along the right side of the property, with all rooms on the left side. The first room is the master bedroom, which is an excellent size and benefits from a good-sized alcove, perfect for a wardrobe or desk. Next on the left is a built-in storage cupboard, followed by the second bedroom, which is also a good size and will fit a double bed. At the end of the hallway is another built-in storage cupboard, and the bathroom, featuring a three-piece suite including a bath with shower facilities. The last door on the left leads to the living/dining room and kitchen. The living room area is very spacious, with enough room for two sofas and a dining table. The kitchen is nicely separated in the far corner, with a great amount of cupboard and counter space, and room for appliances including fridge-freezer, oven, and a washing machine. There is carpeting throughout the hallway, stairs, landing, bedrooms, and living room, with flooring in the bathroom and kitchen.
Outside, there is a small communal garden.
The property also comes with a garage.
About the Area
Yaxley is a village and civil parish in Cambridgeshire, England. Yaxley lies approximately 4 miles (6 km) south of Peterborough, just off the A15 road.
Yaxley is situated within Huntingdonshire which is a non-metropolitan district of Cambridgeshire as well as being a historic county of England. The village is located near the Hampton township, and is approximately three miles north-east of junction 16 of the A1(M) at Norman Cross.
Yaxley benefits from a good selection of local amenities, including; nurseries, schools, restaurants and cafes, a Cop-operative, a healthcare centre, a dentist, and outdoor spaces including a skatepark, football club, and recreation ground with play park.
Shared Ownership, how does it work?
If buying a home seems out of reach, Shared Ownership* could be the answer and offers a great alternative to renting. This property has a 40% share available to purchase, and you will pay a subsidised rent on the remaining share, as displayed above. In the future you can purchase further shares in your home** or sell your share and move on.
*Properties are offered as leasehold.
**Some properties are restricted to the level of share you can purchase.
Please note: Your home may be repossessed if you do not keep up repayments on your mortgage.
Key Features
- 40% Share Available
- 2 Bedrooms
- Garage
- Communal Garden
- Excellent Location
- 6 miles to Peterborough centre and train station
- Great Local Amenities
- Gas Central Heating
Particulars
Tenure: Leasehold
Lease Length: 123 years
Council Tax Band: A
Property Downloads
Key Information Document Floor Plan Energy CertificateVirtual 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 40%, full price £170,000, £3,400 Min Deposit. Calculated using a representative rate of 5.26%