Share percentage 40%, full price £275,000, £5,500 Min Deposit.
Monthly Cost: £1,051
Rent £378,
Service charge £46,
Mortgage £627*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
Summary
The Honiton - 2 bedroom semi-detached house with two parking spaces
Description
Plot 42 - The Honiton is a contemporary 2-bedroom semi-detached house.
Downstairs off the hallway is a handy cloakroom and a door leading to the open plan kitchen/living/dining room. The kitchen benefits from integrated appliances, including stainless steel single oven, induction hob and extractor fan, as well as a fridge/freezer and dishwasher. There are double doors from the living area leading into the garden and a storage cupboard under the stairs.
Upstairs are two double bedrooms, one with a fitted wardrobe. The family bathroom is fitted with contemporary Roca white sanitaryware and has a heated chrome ladder radiator and lockable mirror fronted vanity cabinet.
This home comes fitted with Amtico flooring to the ground floor and bathroom, and carpets to the stairs, landing and bedrooms.
It is sold with two parking spaces. Anticipated build completion: April/May 2024.
Tenure: Leasehold
Years remaining on lease: 125 years
Initial ground rent: £0.00
Annual Service charge: £291.40
Service Charge Review Period: April (annually)
Council Tax Band: C*
Predicted energy ratings:Energy Efficiency: C (77), Environmental Impact (CO2 rating):B (85)
*Please note this an estimated Council Tax Band and it will be confirmed by the local authority on completion of the property.
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: New build - Council tax band to be determined
Property Downloads
Floor Plan BrochureVirtual 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 40%, full price £275,000, £5,500 Min Deposit. Calculated using a representative rate of 5.26%
