3 bedroom house for sale
Potteric Edge, DN4 5FA
Share percentage 40.00%, full price £314,950, £6,299 Deposit.
Share percentage 40.00%, full price £314,950, £6,299 Deposit
Monthly Cost: £976
Rent £289,
Service charge £3,
Mortgage £684*
Calculated using a representative rate of 4.78%
Calculate estimated monthly costs
Please note, as a Shared Ownership purchase there are likely to be additional legal fees during the conveyancing process, your solicitor can advise you of these.
Disclaimers
o Rent on the unsold share is charged at 2.75% for the first year. For exact costings, please speak to an independent financial or mortgage advisor.
o Deposits start from 5% of your chosen share value, illustrated deposit only and depends on lender and product availability.
o Share percentage advertised is an example. Typically shares up to 75% are available depending on your affordability. Please speak to a member of team for more information
o Please note images used in this listing are for illustration purposes and are not exact to the property.
Summary
3 Bedroom Semi-detached home
Description
This 3 bedroom semi-detached home is ideal for families and first-time buyers. Across 3 floors The Peach has a study, cloakroom and kitchen/dining area on the ground floor, the first floor offers a sitting room, bathroom and third bedroom and the second floor has a primary bedroom with ensuite and a spacious second bedroom.
Key Features
Financial Breakdown:
Full market value: £314,950
40% share value: £125,980
5% deposit: £6,300
Monthly Rent on un-owned share (60%) £433.06
*The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller upfront payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright. When you’re ready, you can buy more shares until you staircase to owning 100% of your home.
Particulars
Tenure: Leasehold
Lease Length: 999 years
Council Tax Band: New build - Council tax band to be determined
Property Downloads
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: Yes - Off Street
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 10%, full price £314,950, £1,575 Min Deposit. Calculated using a representative rate of 4.78%
Countrywide Land & New Homes - North England
