3 bedroom house for sale
Monarch Avenue, Peterborough, PE2 8SU
Share percentage 45%, full price £235,000, £5,288 Min Deposit.
Share percentage 45%, full price £235,000, £5,288 Min Deposit
Monthly Cost: £951
Rent £305,
Service charge £72,
Mortgage £574*
Calculated using a representative rate of 4.78%
Calculate estimated monthly costs
Summary
A 3 bed shared ownership property available in Peterborough, Cambridgeshire
Description
This home has been created by Home Group, a registered housing provider in the UK. SO Resi is acting on behalf of Home Group to bring this property to the market.
This bright, well-decorated three-bedroom semi-detached house is now available in Peterborough, through Shared Ownership.
The property comprises an entrance, a spacious living room, a separate modern fitted kitchen, dining space, a utility space, and a toilet. On the first floor, there are three good-sized bedrooms and a bathroom.
Outside is an off-road drive for two cars, a rear garden, a patio area, and a shed. Perfect for families.
Available for £105,750 for 45% share based on the marketing figure of £235,000.
Monthly rent - £305.13
Monthly Service Charge - £72.00
Total Monthly Charge - £377.13 plus mortgage required for 45% share.
An annual rent increase takes place every April
LocationLiving in Peterborough is a pleasant experience for many families. The neighbourhood is quiet and friendly, making it an excellent place for children to play outside. There are lovely parks nearby where kids can enjoy swings and slides, and adults can take relaxing walks.
The houses here are cosy and well-kept, giving the street a neat look. Many shops and local services are just a short drive away, so getting groceries or grabbing a bite to eat is easy. Public transport is also available, making travelling to other parts of Peterborough convenient.
EPC ratingEnergy Rating Band - B
Environmental Impact Rating - B
Lease informationYears remaining on lease: 114
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.
Other informationThis property is offered under Shared Ownership and is allocated on a first-come, first-served basis, subject to applicants meeting all eligibility and affordability criteria. However, in some cases, local authority planning agreements (Section 106) may apply, which could give priority to applicants who meet specific local connection requirements. A full allocation policy is available on your provider’s website or by contacting us directly. We encourage potential buyers to get in touch with any questions about the scheme or application process.
Key Features
- Three bed semi-detached house
- Modern kitchen
- Rear garden
- Off street parking
- Available for 45% share
- 5% minimum deposit only
Particulars
Tenure: Not specified
Council Tax Band: Not specified
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: 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 45%, full price £235,000, £5,288 Min Deposit. Calculated using a representative rate of 4.78%