2 bedroom apartment for sale
107 Sherwin Court, 23 Arthur Street, DA8 2GS
Share percentage 70%, full price £319,000, £11,165 Min Deposit.
Share percentage 70%, full price £319,000, £11,165 Min Deposit
Monthly Cost: £1,657
Rent £254,
Service charge £159,
Mortgage £1,244*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
The apartment is located on the top floor of a four storey block of apartments
Description
Accommodation
Fourth Floor: Open Plan Living Room/ Kitchen and Dining Area, Two Bedrooms, Ensuite, and a Bathroom/WC
External: Balcony Terrace, Indoor Bike Storage, Secure Underground Parking Space, Electric Charging and Private Communal Gardens
Location
This property is positioned in a residential area and within a core of 20 apartments. The street is quiet being in a cul-de-sac and has a children’s play park nearby. The property has a great view around Sherwin Court and surrounding area.
Key Features
Purchase Information
For Sale is a 70% share of the property for £223,300.00 with an additional monthly charge of £413.64 which includes Rent and Service Charge.
The Full Market Value of £319,000 does not consider the improvements that have been undertaken in this property.
Therefore, the 70% share of £223,300 has an additional £1,000 to be added to cover the improvement value bringing the total payment required to £224,300.
Please take this into account with your finances as Mortgage Lenders will only loan on the market share valuation and not consider the improvements value. You will therefore require a deposit of £1,000 plus your lender’s requirements.
Additional Information
If you require any further information or wish to arrange a viewing, please contact Orbit Home Ownership Services using the details provided.
Particulars
Tenure: Not specified
Council Tax Band: C
Map
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: Yes
Outside Space/Garden: n/a - Private Balcony
Year property was built: Enquire with provider
Unit size: Enquire with provider
Accessible measures: Enquire with provider
Heating: Enquire with provider
Sewerage: Enquire with provider
Water: Enquire with provider
Electricity: Enquire with provider
Broadband: Enquire with provider
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 70%, full price £319,000, £11,165 Min Deposit. Calculated using a representative rate of 5.03%
