Share Price £53,750 (from 25% Min. Share)

Full Value £215,000 | £2,688 Min. Deposit

Scheme: Shared Ownership Resales

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2 bedroom apartment in Leamington Spa - Warwickshire

place The Space, Tavistock Street, CV32 5PJ

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Optivo Resales

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Optivo are delighted to offer for sale this well-presented 2 bedroom second floor flat


Eligibility

You may be eligible for this property if:

You have a gross household income of no more than £80,000 per annum when eligible to purchase.
You are unable to purchase a suitable home to meet your housing needs on the open market.
You do not already own a home or you will have sold your current home before you purchase or rent.


Description

Optivo are delighted to offer for sale this well-presented 2 double bedroom 2nd Floor Flat

The current market value is £215,000 for 100%. The minimum 25% share available is priced at £53,750, current rent payable £378.74 pcm, rent is subject to annual reviews. Service charges are currently £114.67 pcm.

125 Years from 14th December 2006

EPC - C-83

Accommodation:

Ground Floor: Communal Entrance Hall, Stairs and landing to second floor

Second Floor: Hall, Dingin/living/kitchen (6.22m x 3.04m), Bedroom 1 (3.72 x 3.03) Bedroom 2 (4.28 x 2.27m) Bathroom(2.44m x 1.92m)

Outside: Communal decked garden area at first floor level. On street and car park permit parking is available close by.

Approximate gross internal area: 53sqm

Viewings by appointment only. Please contact the vendor to arrange – Sophie Reading 07817 480 771

Application forms need to be returned to Optivo by 30th December 2019

Please note though that if a high volume of applications is received, the deadline might be brought forward.


Key Features

2 Double Bedrooms

Gas Central Heating

Parking permit in secure car park

Vacant Possession

Central Location

Short Walk to Main Parade

15 min walk to train station


Download Documents

Property brochure 1

Accessibility

F – General Needs

General needs housing does not meet any of the above criteria. Properties in this category will have more than four steps or a ramp access that is steeper than 1:10 to access the property front door. These properties should be marketed with the number of steps to access the property as this will provide an additional factor for helping people choosing what to bid for.


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Calculate Monthly Cost

Share price
£ 53,750
Min. £53,750
Share percentage
Min. 25%
Your deposit
Min. £2,688
Monthly cost*
£762
Cost breakdown
£379
Rent
£115
Service charge
£268
Mortgage*
Calculated using a representative rate of 3.94%
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Optivo Resales

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Location

Disclaimer

The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together:

  • 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 costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.


NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.