2 bedroom apartment for sale
Bird Close, B12 9DW
Share percentage 30%, full price £265,000, £3,975 Min Deposit.
Share percentage 30%, full price £265,000, £3,975 Min Deposit.
Monthly Cost: £998
Rent £425,
Service charge £120,
Mortgage £453*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
To be eligible for Shared Ownership you must meet the following criteria:
You must be at least 18 years old.
Your annual household income must be less than £80,000.
You cannot own another home. Shared Ownership purchasers are often first time buyers but if you do already own another property (either in the UK or abroad), you must be in the process of selling it.
You should not be able to afford to buy a home suitable for your housing needs on the open market.
You must show you are not in mortgage or rent arrears.
You must be able to demonstrate that you have a good credit history (no bad debts or County Court Judgements) and can afford the regular payments and costs involved in buying a home during your Shared Ownership credit check.
Summary
Two bedroom apartment with parking ready to move into Spring 2024 with a range of on-site amenities
Description
Home reach are offering the opportunity to purchase a Shared Ownership Home at Belgrave village.
Located off Belgrave Middleway, you will find a thriving community called Belgrave Village.
Occupying a site that had stood vacant for over 20 years, this development is an exciting contribution to Birmingham city centre.
Just moments away from Birmingham’s thriving commercial centre, New Street Station and Grand Central shopping centre, Belgrave Village is a landmark development providing 438 city centre homes in a combination of one and two-bedroom apartments and two, three and four-bedroom houses.
Residents of Belgrave Village can benefit from living within a green oasis whilst being in close proximity to Birmingham city centre. The development also offers an indoor gym, screening room and co-working space for residents to enjoy.
TWO BEDROOM SHARED OWNERSHIP APARTMENT
Price example:
Full market value - £265,000
30% Share - £79,500
Monthly rent based on a 30% share - £425.11
Monthly service charge - £168.79
Minimum deposit required - £3,975
To speak with our experienced Shared Ownership team call us today on 0121 212 0800 and press option 3 for New Homes.
Please note that all clients wishing to view will be asked to complete a financial assessment prior to a viewing being arranged.
Key Features
30% Shared Ownership
Two bedroom apartment - 659 SQFT
Parking included
Onsite amenities to include cinema viewing room, co working space, residents gym and concierge service.
999 year leasehold
Peppercorn ground rent
Build Complete Q2 2024
Virtual tour and 360 interactive system available
Particulars
Tenure: Leasehold
Lease Length: 999 years
Council Tax Band: Not specified
Property Downloads
Floor Plan Price ListVirtual 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 30%, full price £265,000, £3,975 Min Deposit. Calculated using a representative rate of 5.26%
Connells - West Midlands
