Share Price £87,750 (from 75% Min. Share)

Full Value £117,000 | £4,388 Min. Deposit

Scheme: Over 55's Shared Ownership

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2 bedroom house in South Shields - South Tyneside

place Devon Gardens, NE34 7HY

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Home Group Resales

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2 bed bungalow- South Shields


Eligibility

TERMS AND CONDITIONS
***Applicants must have a local connection to South Tyneside. Priority is given to those registered with Help to Buy North East, Yorkshire and the Humberside and first time buyers. A financial assessment to determine prospective buyers' eligibility is required prior to being accepted to purchase (further information is available on request).***


Description

PLEASE QUOTE REFERENCE DG101 WHEN ENQUIRING.

Look no further if you're looking for a new place to call home! We're pretty pleased to share this affordable home in this highly desirable location in South Shields. You'll find this two bedroom over 55's bungalow ideally located on the popular development in Marsden Lea, approximately 1.6 miles from Chichester railway station. The property boasts an open plan front garden, private driveway, garage and paved patio style rear garden.

COSTS
Price - £87,750*
Service Charge - £696.29pa**
*This represents a 75 % share of the full open market value of £117,000
**This includes: Building fund, insurance charge, management charge and service charge. This is reviewed on an annual basis.

GENERAL INFORMATION
Local Authority: South Tyneside Council
Council Tax Band: B
EPC Rating: D (68)

KEY FEATURES
- Entrance hall with security alarm system for safety and peace of mind.
- Lounge 5.52m x 3.41m (18'1" x 11'2") with electric fire place and paved patio with direct access to the rear garden.
- Kitchen 3.22m x 2.04m (10'7" x 6'8") with fitted units, extractor fan and partially tiled walls. Window to rear aspect.
- Master bedroom 4.33m x 2.27m (14'2" x 7'5") / bedroom two 3.18m x 2.51m (10'5" x 8'3") with fitted wardrobes and window to front overlooking lawned area and a quiet - road.
- Bathroom 2.18m x 2.03m (7'2" x 6'8") has a bath with overhead shower and hand rails, wash basin, tiled walls and window.
- Carpets fitted throughout living areas and vinyl flooring laid to the kitchen and the bathroom.
- Driveway with single garage providing off street parking.

TERMS AND CONDITIONS
***Applicants must have a local connection to South Tyneside. Priority is given to those registered with Help to Buy North East, Yorkshire and the Humberside and first time buyers. A financial assessment to determine prospective buyers' eligibility is required prior to being accepted to purchase (further information is available on request).***

Viewings are held strictly by appointment - call today to arrange a mutually convenient time.

If after viewing the property, you would like to make an offer, you must register your interest with the Resales Team.


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Home Group 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.