Share percentage 25%, full price £195,000, £2,438 Min Deposit.
Monthly Cost: £715
Rent £329,
Service charge £108,
Mortgage £278*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
Summary
Shared Ownership Resale Apartment
Description
Modern 1 bedroom shared ownership apartment with Havebury Housing Partnership on the Hops Court development. This third-floor apartment is located centrally in one of Suffolk's most highly regarded town. Price based on a 25% share purchase. Please note, rent and service charge figures change from April 2024 to a rent of £359.46pcm and a service charge of£75.04.
Key Features
25% Shared Ownership
Option to Staircase
Close To Town Centre
Third Floor
1 Bedroom
Easy Access To Train Station
Particulars
Tenure: Leasehold
Lease Length: 95 years
Council Tax Band: B
Property Downloads
Key Information Document Floor Plan Brochure Brochure Energy CertificateMap
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 25%, full price £195,000, £2,438 Min Deposit. Calculated using a representative rate of 5.26%
