3 bedroom house for sale
1 Cornmill Drive, DE55 4JW
Share percentage 25%, full price £260,000, £6,500 Min Deposit.
Share percentage 25%, full price £260,000, £6,500 Min Deposit.
Monthly Cost: £810
Rent £447,
Service charge £28,
Mortgage £335*
Calculated using a representative rate of 4.80%
Calculate estimated monthly costs
You may be eligible for this property if:
- You have a gross household income of no more than £80,000 per annum.
- 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.
- You have an income less than £ 80000
Summary
Semi Rural Location - 3 bed home
Description
A BRAND NEW three bedroom semi detached property available on the Stanley Street development in Somercotes. Accomodation comprises of an entrance hallway, lounge, kitchen/diner, downstairs WC, THREE bedrooms, family bathroom, off road parking and an enclosed rear garden. Please contact Hall & Benson to discuss the shared ownership scheme in more detail and any other plots currently available.
Key Features
50% SHARED OWNERSHIP
THREE Bedrooms
Semi Detached
Electric Car Charger Point
Off Road Parking
NEW BUILD
Contact Hall & Benson to find out more on available plots
Particulars
Tenure: Leasehold
Lease Length: 990 years
Council Tax Band: Not specified
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 25%, full price £260,000, £6,500 Min Deposit. Calculated using a representative rate of 4.80%
Hall & Benson
