2 bedroom house for sale
Draper Close, Andover, SP11 6YR
Share percentage 75%, full price £265,000, £19,875 Min Deposit.
Share percentage 75%, full price £265,000, £19,875 Min Deposit
Monthly Cost: £1,202
Rent £165,
Service charge £34,
Mortgage £1,003*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a Two Bedroom House on a Shared Ownership (Part Buy/Part Rent) Basis
Description
This modern property forms the middle of a short, three-house terrace. At the front is a spacious and attractive kitchen. There is a ground-floor cloakroom/WC and useful under-stairs storage in the middle while, at the rear, the reception room features herringbone style flooring and leads out to the garden. On the first floor are two generously-sized bedrooms and a simple, modern bathroom. Well insulated walls, roof and floor, high performance glazing and gas central heating make for a very good energy-efficiency rating. The house comes with one parking space within the adjacent carport plus space for an additional car in front. The shopping centre, supermarkets, leisure centre, cinema and other amenities of the town centre can also be easily reached via bus or bike. Andover Railway Station provides services between Salisbury/Exeter and London Waterloo.
SHARED OWNERSHIP (Advertised price represents 75% share. Full market value £265,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [https://tinyurl.com/3fzhes6y]
(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)
Housing Association: Clarion.
Tenure: Leasehold (125 years from 01/03/2018).
Share Available: 75% (£198,750).
Shared Ownership Rent: £164.90 per month (subject to annual review).
Service Charge: £34.30 per month (subject to annual review).
Guideline Minimum Income: Dual £41,400 | Single £47,800 (based on minimum share and 10% deposit).
Council Tax: Band C, Test Valley Borough Council. Priority is given to applicants living and/or working in this local authority.
This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone.
Key Features
- Guideline Minimum Deposit £19,875
- Guide Min Income Dual £41.4k | Single £47.8k
- Two Storey, Two Bedroom, Mid Terrace House
- Approx. 816 Sqft Gross Internal Area
- Bathroom plus Downstairs WC
- Very Good Energy Efficiency Rating
- Rear Garden
- Two Parking Spaces (one covered)
Particulars
Tenure: Leasehold
Lease Length: 117 years
Council Tax Band: C
Property Downloads
Key Information Document Floor Plan BrochureMap
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: Yes - 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 75%, full price £265,000, £19,875 Min Deposit. Calculated using a representative rate of 4.59%