2 bedroom apartment for sale
54 Gloucester Close, B97 6AH
Share percentage 50%, full price £130,000, £6,500 Min Deposit.
Share percentage 50%, full price £130,000, £6,500 Min Deposit.
Monthly Cost: £869
Rent £335,
Service charge £204,
Mortgage £330*
Calculated using a representative rate of 4.64%
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.
Summary
Well presented two bedroom flat with allocated parking
Description
This well presented two bed apartment is located on the upper floor and is situated in the district of Enfield, within Redditch.
Key Features
The property consists of an entrance hall from which you have access to two bedrooms, master bedroom with ensuite, kitchen, lounge and family bathroom. Outside is an allocated parking space.
Please note there is also an annual ground rent of £170 per year on this property.
Particulars
Tenure: Leasehold
Lease Length: 81 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 50%, full price £130,000, £6,500 Min Deposit. Calculated using a representative rate of 4.64%