2 bedroom house for sale
64 McKay Avenue, TQ1 4FD
Share percentage 50%, full price £150,000, £7,500 Min Deposit.
Share percentage 50%, full price £150,000, £7,500 Min Deposit
Monthly Cost: £768
Rent £316,
Service charge £80,
Mortgage £372*
Calculated using a representative rate of 4.42%
Calculate estimated monthly costs
To be eligible for Shared Ownership, you have to be:
Over the age of 18
Not currently own your property
And
Not earn more than £80000 (Total Household Income)
Meet the S106 Local Connection requirements
You can apply online on the Westward website as well and register your interest in any properties that you are interested in.
Please note there is a S106 local connection requirement to Torbay on this property:
1) Person who have been ordinarily resident in the Locality for the last three years or for a continuous period of five years at some time in the past
2) Persons not resident within the Locality but employed in the Locality on a permanent basis for the last three years and who need to live close to their employment
3) persons who can demonstrate a close family connection to the Locality in that the persons mother father son or daughter has been ordinarily resident in the Locality for the past five years and where a caring dependency relationship can be established
Summary
Westward offer this 2-bedroom property in Torquay through Shared Ownership.
Description
Westward offer this 2-bedroom property in Torquay through Shared Ownership.
A 2-bedroom mid terraced maisonette, which comprises of an Ensuite bathroom with a shower in the main bedroom and a separate family bathroom which also has an electric over the bath shower facility.
The property also has a spacious lounge/diner leading to the balcony at the front of the property.
There is a fitted kitchen with a gas hob and electric oven.
The property also benefits allocated parking and a Garage in the courtyard
The property is close to all amenities, including the local train station and bus routes and approx. 20 mins to the beach.
*****The above information has been supplied to us by the current owner*****
- Full Market Value: £150,000 (One Hundred and Fifty Thousand Pounds)
- Share being sold: 50%
- Share Value: £75,000 (Seventy-Five Thousand Pounds)
- Monthly Rent: £315.87
- Monthly Service Charge: £70.00
- Buildings Insurance (which forms part of the Service Charge element) £10.47
**** Please note the Length of Lease remaining is 81 Years – you will need to notify your Mortgage lender of this ****
Please email sales@westwardhousing.org.uk to arrange a viewing.
Key Features
Key Features
- Lounge / Diner
- Kitchen
- 1 Double Bedroom with Ensuite
- 1 Double bedroom
- Bathroom
- WC
- Gas Boiler
- Double Glazing
- Allocated Parking Space & Garage
- Council Tax Band B
Particulars
Tenure: Leasehold
Lease Length: 81 years
Council Tax Band: B
Property Downloads
Energy CertificateMap
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: Yes - Garage
Outside Space/Garden: No
Year property was built: Enquire with provider
Unit size: Enquire with provider
Accessible measures: No
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 50%, full price £150,000, £7,500 Min Deposit. Calculated using a representative rate of 4.42%
