2 bedroom house for sale
7 Stanley Drive, Kenilworth, CV8 1LR
Share percentage 30%, full price £365,000, £5,475 Min Deposit.
Share percentage 30%, full price £365,000, £5,475 Min Deposit
Monthly Cost: £1,219
Rent £586,
Service charge £38,
Mortgage £595*
Calculated using a representative rate of 4.78%
Calculate estimated monthly costs
As a shared ownership home, you will need to be eligible for Shared Ownership.
As a reminder, to be eligible for shared ownership you will need to evidence:
• 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, (£45,259) which is based on the minimum deposit (£5475) 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.
If you make a successful offer to the seller after your viewing, they will let us know and we will then be able to refer you for a financial assessment with an Independent Financial Advisor. This is compulsory for all Shared Ownership purchases and does not interfere with any mortgage arrangements you have already made. They will complete an assessment but you are not obliged to use them afterwards to arrange your mortgage, but can if you wish. You will also be required to complete a Stonewater application form. Further information on the financial assessment and application form will be provided.
Summary
Semi-Detached two bedroom property with private driveway for two vehicles,
Description
This Semi-Detached two bedroom property has a private driveway with spaces for two vehicles, and is located on the Pavilions Estate next to the Kenilworth Cricket Club, within walking distance to Abbey Fields, Kenilworth Castle and The Warwickshire Golf and Country Club.
The property is situated in a quiet location within walking distance to Kenilworth high street with all of its amenities (gyms, cafés, restaurants, bars, supermarkets, and many boutique shops) and within easy access to Leek Wootton, Leamington Spa, Warwick, Coventry and the A46 and M40.
The property consists of a well presented living room which is accessed off the hallway. A separate downstairs WC, and an understairs storage cupboard. The open-plan kitchen/dining room is spacious and contemporary, with ample storage, space for a washing machine and a dishwasher. The downstairs throughout has light wood effect laminate flooring. There are french doors opening onto the generously sized, private rear garden with large patio area. The rear garden can also be accessed from the side of the house.
Upstairs there are 2 large double bedrooms, one with built-in wardrobes and a bulkhead storage cupboard. There is carpet throughout the upstairs and stairs, and also a separate family bathroom with shower over bath and vinyl tile-effect flooring
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 - Driveway
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: 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 30%, full price £365,000, £5,475 Min Deposit. Calculated using a representative rate of 4.78%
