Share percentage 50%, full price £299,950, £7,499 Min Deposit.
Share percentage 50%, full price £299,950, £7,499 Min Deposit.
Monthly Cost: £1,136
Rent £344,
Service charge £45,
Mortgage £747*
Calculated using a representative rate of 3.94%
Calculate estimated monthly costs
You are eligible to purchase a Home Reach property in England or Wales if:
· Your household income does not exceed £80,000 per annum for homes outside of London (£90,000 in London)
· You have a deposit (at least 5% of the share value)
· You are a first-time buyer or used to own a home, but cannot afford to buy outright now
· The shared ownership property will be your principle and only home
· You have passed a financial assessment, demonstrating you are financially able to purchase the minimum share value and support the monthly costs.
Summary
A traditional collection of 2 bedroom homes
Description
This 2 bed apartment benefits from an open plan kitchen/living/dining area,master bedroom with built in wardrobes, second double bedroom, family bathroom and hallway storage.
*Images are for illustrative purposes only. Please speak to Sales Adviser for full details*
**Prices vary across plots, please speak to a sales advisor for more information**
Service charge outlined on this portal is heylo’s monthly lease management fee and if applicable, includes an estimated monthly buildings insurance charge. Additional Estate and Service charge fees may apply and are available directly from the sales team on site.
Key Features
- 2-bed apartment
- Open plan kitchen/living/dining area
- Built in wardrobes to the master
- Hallway storage
- Fully fitted kitchens with co-ordinating post formed worktops/upstands and glass splashback
- Single oven with 4 ring ceramic hob
- Integrated extractor
- Integrated fridge/freezer
- Integrated dishwasher
- Recycling bins fitted to one kitchen cupboard
- Amtico flooring to the kitchen
- Fully fitted Roca bathroom suite in white to the bathroom
- Mains operated interconnected smoke detector to each floor and apartment blocks with battery back up
Map
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 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.
Share percentage 50%, full price £299,950, £7,499 Min Deposit. Calculated using a representative rate of 3.94%
