1 bedroom apartment for sale
2 The Hollies, Stanley Street, NR32 2DF
Share percentage 50%, full price £50,000, £1,250 Min Deposit.
Share percentage 50%, full price £50,000, £1,250 Min Deposit
Monthly Cost: £407
Rent £159,
Service charge £112,
Mortgage £136*
Calculated using a representative rate of 4.78%
Calculate estimated monthly costs
Summary
The apartment is located on the ground floor of a three-storey block of 12 apartments.
Description
Accommodation
Ground Floor: Kitchen, Living Room, One Bedroom, and a Bathroom/WC.
External: Parking spaces subject to permit and a small lawned garden to the rear of the block.
Location
This property is positioned in a residential area with lots of local amenities nearby.
Vendor Information
- Throughout the apartment: electric heating, double glazing, intercom system, lift access, electrical sockets, TV/internet connection.
- Kitchen: freestanding electric oven, sink with drainer, freestanding dishwasher and washing machine included.
- Bathroom: three-piece suite with bath and overhead electric shower.
- Bedroom: one double bedroom, space for wardrobes.
- Garden: west-facing communal garden, private residents’ car park.
- Surrounding Area: close to seafront, shops, schools, GP surgeries, train station, and bus routes.
- Ownership: 50% shared ownership – ideal for first-time buyers; staircasing to 100% possible.
Key Features
Purchase Information
For Sale is a 50% share of the property for £25,000.00 with an additional monthly charge of £270.45 which includes Rent, and Service Charge.
Additional Information
If you require any further information or wish to arrange a viewing, please contact Orbit Home Ownership Services using the details provided.
Particulars
Tenure: Not specified
Council Tax Band: A
Map
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: Yes - Permit
Outside Space/Garden: Yes - Communal 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 50%, full price £50,000, £1,250 Min Deposit. Calculated using a representative rate of 4.78%
