2 bedroom house for sale
Upton Green, Upton, EX23 0FU
Share percentage 40.00%, full price £300,000, £12,000 Deposit.
Share percentage 40.00%, full price £300,000, £12,000 Deposit
Monthly Cost: £1,018
Rent £375,
Service charge £48,
Mortgage £595*
Calculated using a representative rate of 4.42%
Calculate estimated monthly costs
You can apply to buy the home if both of the following apply:
· your household income is £80,000 or less
· you cannot afford all of the deposit and mortgage payments to buy 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 to buy a new home for your needs
If you own a home, you must have completed the sale of the home on or before the date you complete your shared ownership purchase.
As part of your application, your finances and credit history will be assessed to ensure that you can afford and sustain the rental and mortgage payments.
Also, you must have a local connection to Bude Stratton either through residency, work or family.
Summary
Plots 24 & 25 - 2 bed semi detached houses
Description
Looking to live in the seaside town of Bude in Cornwall, we will have four Shared Ownership houses coming up on the new Upton Green development. 2 x 3 bed houses will be released at a later date.
Plots 24 & 25 are two 2 bed semi detached houses, both have two parking spaces, and good size rear gardens.
Bude has a bustling seaside town, and award winning beaches and lots of activities for all the family.
These properties will be sold with a Rural Repurchase clause on a New Model Lease and a Section 106.
Contact us on sales@westwardhousing.org.uk to apply today!
Key Features
- Two bed semi detached house
- Two double bedrooms
- Kitchen/Diner
- Good size rear gardens
- Downstairs WC
- Air Source Heat Pump
- Two parking spaces
Open Market Value - £300,000
40% share - £120,000
Rent PCM - £375
Service charge (this could be subject to change) - £47.63
Particulars
Tenure: Leasehold
Lease Length: 990 years
Council Tax Band: Not specified
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 - 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 10%, full price £300,000, £3,000 Min Deposit. Calculated using a representative rate of 4.42%
