2 bedroom apartment for sale
Flat 17, 20 Barton Way, TQ6 0FU
Share percentage 75%, full price £225,000, £8,438 Min Deposit.
Share percentage 75%, full price £225,000, £8,438 Min Deposit
Monthly Cost: £1,217
Rent £129,
Service charge £171,
Mortgage £917*
Calculated using a representative rate of 4.78%
Calculate estimated monthly costs
Summary
£1,500 towards legal fees available on this property!
Description
£1,500 towards legal fees available on this property!
SHARED OWNERSHIP two bedroom apartment available to purchase at a 75% share for £168,750 with a deposit of £8,437.50 (Full market value £225,000).
Call today to arrange your appointment to view & discuss this individual home! This two-bedroom property is located on the second floor of a recently constructed building. There is 9 years remaining of the structural warranty, ensuring peace of mind for the buyer. With modern features and a contemporary design, it offers comfortable living spaces to include an open plan kitchen, two double bedrooms, a spacious family bathroom and two storage cupboards in the hallway. Additionally this home boasts two allocated parking spaces, beautiful rural views from the rear outlook and use of a secure bike shed.
Financial Breakdown:
Full market value: £225,000
75% share value £168,750
5% deposit: £8,437.50
Rent charged on un-owned share: 2.75%
Rent on un-owned share (25%) £128.91
Monthly service charge: £171.27
Leasehold: 248 years remaining
is Shared Ownership right for me?
- As long as you are over 18
- Your household income is less than £80,000
- And you don’t already own a home at the time of buying your shared ownership property
… then Shared Ownership could be right for you! Dartmouth, once home to the Royal Navy, is one of the most popular and picturesque areas in Devon. The port town is located on the west bank of the River Dart, approximately fourteen miles by road from the market towns of Totnes and Kingsbridge. Famous for its local shops, restaurants, and art galleries, Dartmouth, due to its geographical and beautiful location has inevitably made it a magnet for the yachting fraternity but the town also has a vibrant all year round local community with numerous attractions, clubs, societies and things to do.
Computer-generated images (CGIs) are for illustrative purposes only.
Particulars
Tenure: Leasehold
Lease Length: 248 years
Council Tax Band: Not specified
Property Downloads
Floor Plan Energy CertificateMap
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 75%, full price £225,000, £8,438 Min Deposit. Calculated using a representative rate of 4.78%
