2 bedroom house for sale
Hockmore Drive, TQ12 4FB
Share percentage 40%, full price £230,000, £4,600 Min Deposit.
Share percentage 40%, full price £230,000, £4,600 Min Deposit
Monthly Cost: £946
Rent £367,
Service charge £67,
Mortgage £512*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
You can apply to buy the home if both of the following apply:
· your household income is £80,000 or less
· you cannot afford all of the deposit and mortgage payments to buy a home that meets your needs
One of the following must also be true:
· you're a first-time buyer
· you used to own a home but cannot afford to buy one now
· you're forming a new household - for example, after a relationship breakdown
· you're an existing shared owner, and you want to move
· you own a home and want to move but cannot afford to buy a new home for your needs
You must also meet the below local connection criteria:
1. The applicant must live in the town of Newton Abbot or have a strong local connection to the town of Newton Abbot (strong local connection includes family associations, previous periods of residence and permanent employment).
2. If no applicant can be found to match the criteria in point 1 above the criteria can be widened to the surrounding parishes or towns.
3. If no applicant can be found to match the criteria in sections 1 or 2 above, Teign Housing has to contact Teignbridge District Council to enquire whether they wish to nominate an applicant. Teignbridge District Council have two weeks (from when we contact them) to nominate an applicant.
4. If Teignbridge District Council are unable to nominate a successful applicant, then we may accept an applicant who is resident in the district of Teignbridge or has a strong local connection with the district of Teignbridge or failing that within the County of Devon.
Summary
2-Bedroom mid-terrace shared ownership house - 40% share for sale
Description
2-Bedroom house with one parking space to the front and enclosed rear garden.
Key Features
2 bedrooms
Downstairs WC
1 off road parking space
Enclosed garden to the rear
Particulars
Tenure: Leasehold
Lease Length: 116 years
Council Tax Band: C
Property Downloads
Key Information Document Price List 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 - Allocated
Outside Space/Garden: Yes - Rear Garden
Year property was built: 2016
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 £230,000, £4,600 Min Deposit. Calculated using a representative rate of 5.03%