2 bedroom house for sale
12 malvern Oaks Close, Cradley, WR13 5NE
Share percentage 40%, full price £250,000, £5,000 Min Deposit.
Share percentage 40%, full price £250,000, £5,000 Min Deposit
Monthly Cost: £941
Rent £365,
Service charge £33,
Mortgage £543*
Calculated using a representative rate of 4.78%
Calculate estimated monthly costs
• your household income is £80,000 a year or less (£90,000 a year or less in London)
• you cannot afford all of the deposit and mortgage payments for a home that meets your needs
One of the following must also be true:
• you’re a first-time buyer
• you used to own a home but cannot afford to buy one now
• you’re forming a new household - for example, after a relationship breakdown
• you’re an existing shared owner, and you want to move
• you own a home and want to move but cannot afford a new home that meets your needs
Please take note of the minimum income, (£35,163) which is based on the minimum deposit £5,000 for this property plus £2500 moving/legal fees. If you are placing a larger deposit, the minimum income will reduce. Always check with us if you are unsure whether you can afford the property.
This property has a section 106 with a requirement for the buyer to have a local connection. Please contact Stonewater for the criteria.
Summary
property for sale with 2 double bedrooms and 2 off road parking spaces
Description
This 2 bedroom property is located on a small cul -de- sac within a countryside village with views of the Malvern Hills. There is a local primary school, nursery and pub nearby, and bus routes to Ledbury, Hereford and Worcester.
The property has a front and back garden with 2 outdoor patios in the back garden , including gravel, slabs and grass areas.
There are 2 off road parking spaces with private access to the garden.
This property has a section 106 with a requirement for the buyer to have a local connection. Please contact Stonewater for the criteria.
Particulars
Tenure: Leasehold
Lease Length: 121 years
Council Tax Band: C
Map
Material Information
Total rooms:
Furnished: Unfurnished
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: Mains supply
Water: Mains supply
Electricity: Mains supply
Broadband: Cable
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 40%, full price £250,000, £5,000 Min Deposit. Calculated using a representative rate of 4.78%
