2 bedroom house for sale
South End Road, RM13 7XT
Share percentage 40%, full price £405,000, £8,100 Min Deposit.
Share percentage 40%, full price £405,000, £8,100 Min Deposit
Monthly Cost: £1,592
Rent £586,
Service charge £104,
Mortgage £902*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
This property is only available to those over the age of 55, any enquiry not meeting this will be disregarded.
Applicants will need to currently reside in The London Borough of Havering.
You must not own another property or have sold your current property to be eligible.
Summary
2 Bedroom BUNGALOW
Description
Rarely available and newly built in 2017 is this 2 bedroom bungalow available only to those over the age of 55.
Please do not enquire unless you are over the age of 55 and resident in The London Borough of Havering, we would ask you to specify that all buyers are over the age of 55 when enquiring.
Property is offered for sale at a minimum share of 40% up to the maximum share percentage of 75% and you then do not pay any rent on the remaining 25% equity. Please note that if you buy a share below 75% then the rent is calculated on the full remaining value basis 100% of the value.
Key Features
- Off street parking space
- Small easy to maintain rear garden
- Wet room
- Further details to follow soonest
Particulars
Tenure: Leasehold
Lease Length: 118 years
Council Tax Band: D
Property Downloads
Energy CertificateMap
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: Yes - Off Street
Outside Space/Garden: Yes - Private Garden
Year property was built: 2017
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 40%, full price £405,000, £8,100 Min Deposit. Calculated using a representative rate of 5.03%
