3 bedroom house for sale
Lizards Way, Beck Row, IP28 8UP
Share percentage 55%, full price £255,000, £14,025 Min Deposit.
Share percentage 55%, full price £255,000, £14,025 Min Deposit
Monthly Cost: £1,002
Rent £280,
Service charge £26,
Mortgage £696*
Calculated using a representative rate of 4.42%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a Three Bedroom House on a Shared Ownership (Part Buy/Part Rent) Basis
Description
An attractive, end-of-terrace house in the village of Beck Row. The smartly-presented property has a ground-floor cloakroom/WC just off the entrance hall, a good-sized reception room and a full-width kitchen/dining room. Patio doors open onto the rear garden. On the first floor of the house is a main bedroom with en-suite shower room plus a spacious second bedroom, a smaller third double bedroom and a naturally-lit main bathroom with limestone style tiles. Well insulated walls, roof and floor and high performance glazing help with energy-efficiency and heating is from an LPG boiler. Nearby Aspal Close Nature Reserve offers beautiful, outside space to enjoy. The house comes with off-street parking for two cars.
SHARED OWNERSHIP (Advertised price represents 55% share. Full market value £255,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/y5tv2ccf]
(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)
Housing Association: Clarion.
Tenure: Leasehold (125 years from 01/01/2019). Freehold transferred on 100% ownership.
Minimum Share: 55% (£140,250). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £280.14 per month (subject to annual review).
Service Charge: £25.92 per month (subject to annual review).
Guideline Minimum Income: £28,100 (based on minimum share and 10% deposit).
Council Tax: Band B, West Suffolk Council. Priority is given to applicants living and/or working in this local authority.
This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone.
Key Features
- Guideline Minimum Deposit £14,025
- Guideline Minimum Income £28,100
- Two Storey, Three Bedroom, End of Terrace House
- Approx. 905 Sqft Gross Internal Area
- Bathroom, Shower Room and Downstairs W.C.
- High Performance Glazing
- Rear Garden
- Two Parking Spaces
Particulars
Tenure: Leasehold
Lease Length: 118 years
Council Tax Band: B
Property Downloads
Key Information Document Floor Plan BrochureMap
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: Yes - Allocated
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: 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 55%, full price £255,000, £14,025 Min Deposit. Calculated using a representative rate of 4.42%
