2 bedroom house for sale
6 Miles Meadow, Newbold on Stour, CV37 8UW
Share percentage 80%, full price £255,000, £10,200 Min Deposit.
Share percentage 80%, full price £255,000, £10,200 Min Deposit
Monthly Cost: £1,236
Rent £86,
Service charge £42,
Mortgage £1,108*
Calculated using a representative rate of 4.78%
Calculate estimated monthly costs
Summary
This property is a semi-detached house.
Description
Accommodation
Ground Floor: Entrance Hall, Stairs, Kitchen, Living Room, and a second Reception Room / Bedroom Three.
First Floor: Landing, Bedroom One (currently subdivided into two rooms), Bedroom Two and a Bathroom/WC.
Improvements: New single storey Reception Room/ Third Bedroom created downstairs, Knocked through walls to make open plan Living/Kitchen/Dining space. Modernised Bathroom.
External: Two Off-Road Parking Spaces, Side Access, Rear Garden with Decking, Patio and Lawned Areas.
Location
This property is positioned in a popular village midway between Shipston on Stour and Stratford Upon Avon.
Within the village there are local shops, a Post Office, Pub and a Church. There are local Schools and recreational facilities nearby.
Junctions 11 and 15 of the M40 are at Banbury and Warwick, and mainline train services are also locally based from Moreton in Marsh, Banbury, and Warwick Parkway.
Key Features
Purchase Information
For Sale is a 80% share of the property for £204,000 with an additional monthly charge of £127.82 which includes Rent, Service Charge and Insurance.
The Full Market Value of £255,000 does not consider the extensive improvements that have been undertaken in this property.
Therefore, the 80% share £204,000 has an additional £43,000 to be added to cover the improvement value bringing the total payment required to £247,000.
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 large deposit of £43,000 plus any that your lender requires.
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: B
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 Garden
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 80%, full price £255,000, £10,200 Min Deposit. Calculated using a representative rate of 4.78%
