2 bedroom apartment for sale

Available

Turberville Pace, CV34 4JZ

£92,500 · Shared Ownership Resale

Share percentage 50%, full price £185,000, £4,625 Min Deposit.

Available
2 bedrooms
£92,500 Shared Ownership Resale · Eligibility Eligibility

Share percentage 50%, full price £185,000, £4,625 Min Deposit.

Monthly Cost: £738
Rent £201, Service charge £76, Mortgage £461*

Calculated using a representative rate of 3.94%

Calculate estimated monthly costs

£
Eligibility

You may be eligible for this property if:

  • You have a gross household income of no more than £80,000 per annum when eligible to purchase.
  • 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.
  • To purchase this 50% minimum share you will need a minimum joint household income of £27,775 - £29,688 and available savings of £4,625 for a 5% mortgage deposit (ESTIMATED)
Summary

Optivo are delighted to offer for sale this well-presented two bedroom flat on the ground floor

Description

The current market value is £185,000 for 100%. The minimum 50% share available is priced at £92,500, current rent payable £201.23 pcm, rent is subject to annual reviews. Service charges are currently £76.24 pcm.

Viewings by appointment only. Please contact the vendor to arrange – Miss Thompson 078540 55172 charlottethompson90@yahoo.co.uk

If you would like to apply after you have conducted a viewing, a PDF writable application form can be saved from the Brochure Section on this advert. Please email a fully completed copy to ResalesandStaircasing@optivo.org.uk or call 020 803 62838  

Application forms need to be returned to Optivo asap - first come first serve basis 

Please note though that if a high volume of applications is received, the deadline might be brought forward.

Key Features

The accommodation is laid out on a single floor and generally comprises the following:

Ground Floor – Shared entrance hall, hall, lounge (5.3m x 3.1m), kitchen 2.7m x 2.0m), bedroom 1 (3.8m x 3.2m with en suite shower room/WC), bedroom 2 (4.0M X 1.8M), bathroom/WC (2.0m x 1.9m).

Outside – Communal gardens and allocated parking space located in a secured parking area close by.

We have calculated that the property has a gross internal floor area in the region of 59m.

Property Downloads
Brochure
Map
Warwick (0.47 miles) Warwick Parkway (0.86 miles) Leamington Spa (2.38 miles)
Monthly Cost Calculator

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together, rent, service charge and mortgage.

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  • 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.

£92,500
Shared Ownership Resale
Estimated Monthly Cost:£738
Rent £201
Service Charge £76
Mortgage £461

Share percentage 50%, full price £185,000, £4,625 Min Deposit. Calculated using a representative rate of 3.94%


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.