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2 bedroom house for sale

Available

7 Stanley Drive, Kenilworth, CV8 1LR

£109,500 · Shared Ownership Resale

Share percentage 30%, full price £365,000, £5,475 Min Deposit.

Available
2 bedrooms
Private Garden
Parking
£109,500 Shared Ownership Resale · Eligibility Eligibility

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

£
Eligibility

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
Warwick (2.95 miles) Leamington Spa (3.40 miles) Warwick Parkway (3.44 miles)
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

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.

£109,500
Shared Ownership Resale
Estimated Monthly Cost:£1,219
Rent £586
Service Charge £38
Mortgage £595

Share percentage 30%, full price £365,000, £5,475 Min Deposit. Calculated using a representative rate of 4.78%


Stonewater (Resales)
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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.