1 bedroom apartment for sale
Tamar Court, Tamar Road, BS22 6BU
Share percentage 75%, full price £135,000, £5,063 Min Deposit.
Share percentage 75%, full price £135,000, £5,063 Min Deposit
Monthly Cost: £1,261
Service charge £711,
Mortgage £550*
Calculated using a representative rate of 4.78%
Calculate estimated monthly costs
Summary
A 1 bed shared ownership property available in Worle, Weston Super Mare
Description
FOR OVER 55'S ONLY
This bright, modern, spacious one bedroom apartment is now available in Worle through Shared Ownership.
The property on the first floor comprises of an entrance hall, a large living room, a separate modern kitchen, one double bedroom and a bathroom.
Outside there is a private balcony and parking available. Perfect for couples and singles.
Available for £101,250 for 75% share based on the marketing figure of £135,000.
Monthly rent - £0.00
Monthly Service Charge - £711.40
Total Monthly Charge - £711.40 plus mortgage required for 75% share.
An annual rent increase takes place every April
LocationLiving in Worle, Weston Super Mare, offers a unique blend of comfort and convenience. This location is characterised by its tranquil residential atmosphere, making it an ideal setting for families and individuals alike.
Residents benefit from easy access to local amenities, including shops, schools, and parks, while the nearby coastline provides opportunities for leisure and recreation.
The community is well-connected by public transport, ensuring that both the vibrant town center and surrounding areas are within reach. Overall, this address presents a harmonious living experience in a desirable part of Weston Super Mare.
EPC ratingEnergy rating band - B
Environmental impact band - B
Years remaining on lease: 117
In certain cases, the remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.
Other informationTo be eligible to buy this property, you must:
- Be registered with Help to Buy
- Not currently own your own home
- Be over the age of 55
- Be unable to buy a sustainable property that meets your needs on the open market
- Have enough savings or access to enough funds to put towards your deposit, purchasing expenses and living costs
- Reside or have definite reasons to live in the UK
- Have a gross household income of less that £80,000 per year
Key Features
- One bedroom apartment
- Modern kitchen
- Private balcony
- Good travel links
- Available for 75% share
- 5% minimum deposit only
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Key Information Document Floor PlanMap
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: n/a
Outside Space/Garden: n/a
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 75%, full price £135,000, £5,063 Min Deposit. Calculated using a representative rate of 4.78%
