2 bedroom house for sale
Blacksmith Way, Exhall, CV7 9NN
Share percentage 25%, full price £230,000, £2,875 Min Deposit.
Share percentage 25%, full price £230,000, £2,875 Min Deposit
Monthly Cost: £880
Rent £492,
Service charge £68,
Mortgage £320*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Exhall, Coventry
Description
Bright and modern two-bedroom mid-terraced house now available in Coventry through Shared Ownership.
The house comprises of a spacious living room, separate kitchen, two bedrooms, a family bathroom on the upper level and an additional WC on the ground level.
The property is recently constructed (circa 2023.); offering residents with a beautiful rear garden and two parking spaces.
Available for £57,500 for 25% share based on the marketing figure of £230,000.
Monthly rent - £492.00
Monthly Service Charge - £68.04
Total Monthly Charge - £560.04 plus mortgage required for 25% share.
An annual rent increase takes place every April
LocationThe property is situated in a residential area with a variety of local amenities, Nearby supermarkets, gyms, and healthcare facilities can be found under a mile away.
Green spaces such as local parks provide opportunities for outdoor activities, while families benefit from local schools, only a few minutes away on foot.
Coventry rail station offers direct services to London Euston in under 60 minutes.
EPC ratingEnergy rating band - B
Environmental impact band - B
Lease informationYears remaining on lease: 123
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.
Key Features
- Two-bedroom house
- Mid-terraced house
- Two parking spots
- Rear garden
- Available for 25% 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 25%, full price £230,000, £2,875 Min Deposit. Calculated using a representative rate of 5.03%
