Share Price £165,000 (from 50% Min. Share)

Full Value £330,000 | £8,250 Min. Deposit

Scheme: Shared Ownership

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3 bedroom house in Ipswich

place Ribbans Park, IP3 8LS

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Ribbans Park is less than three miles from the vibrant town centre.


Eligibility

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.




Description

Ribbans Park is less than three miles from the vibrant town centre with its glorious waterfront alongside the River Orwell. The town boasts a wealth of shops, popular music, arts and cultural entertainment venues, plus schools, health facilities and sports clubs.

Key Features

The Faversham is a lovely three bedroom town house with;

  • Open plan kitchen/dining area and family room
  • French doors to rear garden
  • Fully fitted kitchen with integrated appliances
  • First floor sitting room
  • En suite and built-in wardrobe to bedroom 1
  • Parking

50% ownership from £165,000



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Calculate Monthly Cost

Share price
£ 165,000
Min. £165,000
Share percentage
Min. 50%
Your deposit
Min. £8,250
Monthly cost*
£1,205
Cost breakdown
£378
Rent
£0
Service charge
£827
Mortgage*
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Location

Disclaimer

The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together:

  • 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 costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.


NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.