2 bedroom apartment for sale
***UNDER OFFER*** 24 Hanbury Close, NN11 8AN
Share percentage 50%, full price £135,000, £3,375 Min Deposit.
Share percentage 50%, full price £135,000, £3,375 Min Deposit.
Monthly Cost: £677
Rent £174,
Service charge £118,
Mortgage £385*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
Summary
The apartment is located on the first floor of a three storey block of apartments.
Description
Accommodation
First Floor: Hall, lounge, kitchen, two bedrooms and bathroom/WC
Improvements: Replaced the boiler and some radiators, replaced kitchen and bathroom, fitted new doors, fitted new floor coverings and redecorated throughout.
External: Allocated parking space and communal gardens.
Location
This property is positioned in a residential area and is a distance of approximately 2.4 miles of Daventry town centre.
It is also 6.5 miles northwest of the A5/A45 roundabout, which leads to Junction 16 of the M1 a further 3.5 miles to the south east.
Key Features
Purchase Information
For Sale is a 50% share of the property for £135,000.00 with an additional monthly charge of £292.20 which includes: Rent, Ground Rent, Service Charge and Management Charge.
The Full Market Value of £135,000.00 does not consider the extensive improvements that have been undertaken in this property.
Therefore, the 50% share of £135,000 has an additional £15,000 to be added to cover the improvement value bringing the total payment required to £150,000.00.
Please take this into account with your finances as Mortgage Lenders will only loan on the market share valuation and not consider the improvements value. You will therefore require a large deposit of £7,500 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.
Rent review information
As of 01/04/24 the property charges will change due to Orbit’s Rent Review 2024. Therefore, the monthly rent will be £189.41 and the monthly service charge will be £154.02.
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 £135,000, £3,375 Min Deposit. Calculated using a representative rate of 5.26%
