2 bedroom house for sale
Long Croft Road, Hayle, Cornwall, TR27 4FG
Share percentage 50%, full price £230,000, £11,500 Min Deposit.
Share percentage 50%, full price £230,000, £11,500 Min Deposit.
Monthly Cost: £1,038
Rent £414,
Service charge £40,
Mortgage £584*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a Two Bedroom House on a Shared Ownership Basis
Description
This modern, two-storey property forms one end of a short terrace and has a cloakroom just off the entrance hall with the remainder of the ground-floor devoted to a dual-aspect reception room with open-plan kitchen area. Upstairs is a main bedroom with built-in wardrobe plus a second double bedroom and an attractive, naturally-lit bathroom. The energy-efficiency rating is very good, thanks to well insulated walls, roof and floor, high performance glazing and gas central heating. The house comes with a parking space and use of the front/side lawn (not officially demised). The local primary school, which is just minutes from Long Croft Road, was Ofsted-reviewed in November 2023 and rated 'Good'. Hayle Railway Station is within comfortable walking distance and the sands of Hayle beach only a brief car or bike ride away.
SHARED OWNERSHIP (Advertised price represents 50% share. Full market value £230,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ http://tinyurl.com/yf87fy6t]
(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)
Housing Association: Heylo. Heylo Housing requires that all applicants must have a permanent right to reside in the UK.
Tenure: Leasehold (125 years from 2019).
Minimum Share: 50% (£115,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £414.28 per month (subject to annual review).
Service Charge: £39.65 per month (subject to annual review).
Guideline Minimum Income: Dual - £32,200 | Single - £38,500 (based on minimum share and 10% deposit).
Council Tax: Band B, Cornwall Council. Priority is given to applicants living and/or working in this local authority.
This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone.
Key Features
- Guideline Minimum Deposit £11,500
- Guide Min Income - Dual £32.2k Single £38.5k
- Two Storey, Two Bedroom, End of Terrace House
- Approx. 588 Sqft Gross Internal Area
- Open Plan Kitchen/Reception Room
- High Performance Glazing
- Bathroom plus Downstairs Cloakroom
- Parking Space
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: B
Property Downloads
Floor Plan 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 50%, full price £230,000, £11,500 Min Deposit. Calculated using a representative rate of 4.64%