Share Price £55,000 (from 50% Min. Share)

Full Value £110,000 | £2,750 Min. Deposit

Scheme: Shared Ownership Resales

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1 bedroom apartment in Daventry - Northamptonshire

place Clevedon Court, Daventry, Northamptonshire, NN11 8AD

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Optivo Resales

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Optivo are delighted to offer for sale this ground floor one bedroom apartment


Eligibility

You may be eligible for this property if:

You have a gross household income of no more than £80,000 per annum when eligible to purchase.
You are unable to purchase a suitable home to meet your housing needs on the open market.
You do not already own a home or you will have sold your current home before you purchase or rent.
To purchase this 50% minimum share you will need a minimum joint household income of £17,652 and available savings of £2,750 for a 5% mortgage deposit.


Description

This well-presented this ground floor one bedroom apartment in Clevedon Court, Daventry, Northamptonshire, NN11 8AD

The current market value is £110,000 for 100%. The minimum 50% share available is priced at £55,000, current rent payable £154.70 pcm, rent is subject to annual reviews. Service charges are currently £37.46 pcm.

Viewings by appointment only. Please contact the vendor to arrange – Stephen -Day time use only 01327 356352

If you would like to apply after you have conducted a viewing, or request an application form Please email your request to ResalesandStaircasing@optivo.org.uk or call 0203 202 3735

Application forms need to be returned to Optivo by 21/11/2018

Please note though that if a high volume of applications is received, the deadline might be brought forward.

Local information

Clevedon Court is in waking distance to Farm land and green spaces and is located in a close of similar properties and on a development of mixed modern housing located close to Drayton Reservoir on the northern outskirts of Daventry. Within walking distance to local shops and the main A361 a short distance away.

Daventry Country Park a drive away.

Daventry is a market town providing a good range of local shops and schools and has good road access to the M1 motorway (junction 18)

The property forms part of a block which is generally constructed of brick faced cavity walls under a dual pitched roof with concrete tile cover. Rainwater fittings are in pvc. Windows are of timber framed and double glazed construction. There is a metal panelled entrance door to the flat at ground floor level.


Key Features

The property is a one bedroomed flat providing:

Entrance hall,

Lounge 4.8m x 3.2m

Kitchen 2.5m x 2.3m

Bedroom 3.4m x 2.3x

Bathroom/WC 2.4m x 1.6m

Outside the property has shared communal gardens and a separate cycle store.

At the front of the development is an allocated parking space.


Download Documents

Property brochure 1 Energy Certificate

Accessibility

E – Step Free

No published access design guidance. These are properties that are considered general needs housing but have a level approach/entrance into the property and throughout. Properties in this category that have an internal flight of stair will be likely to accommodate future provision of a stair lift subject to technical feasibility.


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Calculate Monthly Cost

Share price
£ 55,000
Min. £55,000
Share percentage
Min. 50%
Your deposit
Min. £2,750
Monthly cost*
£466
Cost breakdown
£155
Rent
£37
Service charge
£274
Mortgage*
Calculated using a representative rate of 3.94%
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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.

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together:

  • 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 costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.


NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.