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2 bedroom house for sale

Available

Midsummer Road, Nuneaton, CV11 6XH

£102,000 · Shared Ownership Resale

Share percentage 40%, full price £255,000, £5,100 Min Deposit.

Available
2 bedrooms
2 Bathrooms
£102,000 Shared Ownership Resale · Eligibility Eligibility

Share percentage 40%, full price £255,000, £5,100 Min Deposit

Monthly Cost: £1,090
Rent £426, Service charge £110, Mortgage £554*

Calculated using a representative rate of 4.78%

Calculate estimated monthly costs

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Eligibility

You have a gross household income of no more than £90,000 inner London/£80,000 outer London per annum when eligible to purchase - this will include all members of the household whether they have joined the application or not. An exception would be the income of children under 18 and any other household members whose residence in the home is unlikely to be permanent.

You are unable to purchase a suitable home to meet your housing needs on the open market.

Be a first time buyer, if you are indeed a current home owner we can consider your application if your property is under offer and is going through the legal conveyancing process, evidence of this will need to be provided.

Summary

Southern Housing are delighted to offer for sale this beautiful two bedroom house.

Description

EPC rating - B

Council tax band - C

Lease - 125 years from commencement date 26-11-2021

Full market value - £255,000

40% share available at £102,000

Current rent PCM - £425.64

Current service charge PCM - £110.44

Accommodation:

Internal:

Ground floor:

Lounge, kitchen and WC

First floor:

Two bedrooms and bathroom

External:

There are gardens to the rear of the property with parking to the front

Approximate gross floor area of 86m2

The moment you walk through the front door, you will soon realise its full potential.

A great sized family living room, featuring light coloured walls with one blue feature wall, benefits from beige carpeting with plenty of natural light. Has plenty of floor space for your sofa, coffee table TV and storage unit.

You will also find an under the stair's cupboard for more storage space.

A fantastic size kitchen and dinning area. The kitchen benefits from light colours and wooden flooring.

The kitchen is fully functional, is of modern design and high specification, has plenty of cupboard and countertop space for your everyday needs and utensils. Has integrated appliances such as an oven, hob, over the head extractor fan, sink and draining board area, with a space for your own fridge/freezer and washing machine.

An ideal place to host gatherings for friends and family.

Has two great sized, double bedrooms, with plenty of floor space for your double bed, wardrobe, chest of draws and work space, ideal for working from home.

This large family bathroom has white walls with brown vinyl flooring. Is fully equipped with a bath, over the head shower piece, sink, toilet and wall radiator. This sized bathroom is hard to come by and is an ideal location to relax after a busy day at work.

Key Features

Location:

The property is located in a poplar residential location.

A short distance to Buttermere Park, Buttermere Football pitch and play area.

The area also benefits from nearby restaurants, bars and local amenities

An approximate 8 minutes' drive to Nuneaton station

Particulars

Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: D

Map
Nuneaton (1.22 miles) Bermuda Park (2.65 miles) Hinckley (2.79 miles)
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

Monthly Cost Calculator

The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.

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  • 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.

£102,000
Shared Ownership Resale
Estimated Monthly Cost:£1,090
Rent £426
Service Charge £110
Mortgage £554

Share percentage 40%, full price £255,000, £5,100 Min Deposit. Calculated using a representative rate of 4.78%


Disclaimer
The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.