2 bedroom house for sale
16 Wilkshire Road, Kenilworth, CV8 1NA
Share percentage 40%, full price £360,000, £7,200 Min Deposit.
Share percentage 40%, full price £360,000, £7,200 Min Deposit
Monthly Cost: £1,322
Rent £502,
Service charge £38,
Mortgage £782*
Calculated using a representative rate of 4.78%
Calculate estimated monthly costs
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, (£49,416) which is based on the minimum deposit (£7200) plus £2500 moving /legal fees for this property. 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.
Summary
This spacious 2 bedroom property is situated in a sought after location within a 5 minute walk from the town centre and 5 minutes from countryside walks.
Description
This spacious 2 bedroom property is situated in a sought after location within a 5 minute walk from the town centre and 5 minutes from countryside walks. There is a large kitchen diner, 2 double sized bedrooms and a spacious south facing garden. The property also benefits from a shared driveway for 2/3 cars.
Particulars
Tenure: Leasehold
Lease Length: 121 years
Council Tax Band: Not specified
Property Downloads
Energy CertificateMap
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: Gas Central
Sewerage: Mains supply
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 40%, full price £360,000, £7,200 Min Deposit. Calculated using a representative rate of 4.78%
