Share Price £62,500 (from 50% Min. Share)

Full Value £125,000 | £3,125 Min. Deposit

Scheme: Shared Ownership Resales

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2 bedroom apartment in Daventry

place Snowshill Close, Daventry, NN11 8AH

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Optivo Resales

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Optivo are delighted to offer for sale this well-presented 2 bed Flat


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 £20,049 and available savings of £3,125 for a 5% mortgage deposit.

Description

The current market value is £125,000 for 100%. The minimum 50% share available is priced at £62,500, current rent payable £195.25pcm, and rent is subject to annual reviews. Service charges are currently £78.06 pcm.

Viewings by appointment only. Please contact the vendor to arrange – Remi Popoola remiepopoola@yahoo.com.

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 target="_blank" rel="nofollow">ResalesandStaircasing@optivo.org.uk or call 0203 202 3608

Application forms need to be returned to Optivo by 11 July2018

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


Key Features

The property comprises a self – contained purpose built ground floor flat located in a three-storey block of similar properties.

The property is located on a development of mixed houses and apartments situated close to the resevoir on the northen outskirts of Daventry.

  • Free Parking Bay

  • Available Parking Off Road

  • Communal Garden


Download Documents

Property brochure 1

Accessibility

D – Easy Access

Compatible with the design standards in Mobility Standard Housing (1974) produced by the DoE and Housing Corporation Scheme Development Standards (pre-1999) and Part M of Building Regulations (2000). The main features of these properties include a level approach to the entrance, wider doorways and more space than in general needs housing. These properties may also have an internal flight of stairs and if so, there is enough space to accommodate future provision of a stair lift subject to technical feasibility.


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Calculate Monthly Cost

Share price
£ 62,500
Min. £62,500
Share percentage
Min. 50%
Your deposit
Min. £3,125
Monthly cost*
£584
Cost breakdown
£195
Rent
£78
Service charge
£311
Mortgage*
Calculated using a representative rate of 3.94%
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Optivo Resales

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Location

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.

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together:

  • 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.