1 bedroom apartment for sale
Tamar Road, Worle, BS22 6BU
Share percentage 75%, full price £135,000, £5,063 Min Deposit.
Share percentage 75%, full price £135,000, £5,063 Min Deposit.
Monthly Cost: £1,324
Service charge £747,
Mortgage £577*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
Summary
A 1 bed shared ownership property available in Western-Super-Mare, Somerset
Description
FOR OVER 55'S ONLY
Enjoy convenience and comfort atTamar Court's over 55's Extra care scheme. This spacious one-bedroom apartment is now available at Weston-super-Mare through shared ownership. The property on the ground floor comprises an entrance hall with storage, a spacious living room, a separate modern kitchen, one bedroom, and a bathroom. Perfect for couples or a single person.
Key Information Document
Available for £101,250 for 75% share based on the marketing figure of £135,000.
Monthly rent - £0.00
Monthly Service Charge - £746.72
Total Monthly Charge - £746.72 plus mortgage required for 75% share.
An annual rent increase takes place every April
LocationThe property is located within the extensive residential area of Worle, approximately three-quarters of a mile from the High Street and shopping facilities. Junction 21 of the M5 Motorway at St. Georges is the same distance away. The Weston-super-Mare town centre is approximately 3 miles to the west.
EPC ratingEnergy rating band - B
Environmental impact band - C
Gross internal floor area: 65 m²
Living room: 4.83 x 3.61 m
Kitchen: 2.62 x 2.54 m
Bedroom 1: 4.50 x 3.30 m
Years remaining on lease: 117
In certain cases, the remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.
Key Features
- One-bedroom apartment
- Modern kitchen
- Shops closeby
- Communal garden space
- Good travel links
- Over 55's Shared Ownership
- Available for 75% share
- 5% minimum deposit only
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor PlanMap
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 75%, full price £135,000, £5,063 Min Deposit. Calculated using a representative rate of 5.26%
