An application has now been received for this property.
This beautiful two bedroom mid-terrace home offers a separate living room and a modern kitchen/diner, with downstairs cloakroom. On the first floor is a master bedroom, a second double room and contemporary bathroom. This home comes with good storage space throughout and 2 allocated parking spaces. This property has an EPC rating B.
This home is being offered at a share of 25% of the full value at £174,000, with the option to purchase 100% and the freehold in the future
Full Price: £174,000
Share Cost: £43,500
Mortgage Deposit: £2,175
Mortgage Amount: £41,325
Rent: £293.63 per month
Service Charge: £20.89 per month
Mortgage: £183 per month
Total per month: £497.52*
3.6m x 3.5m
4.2m x 3.4m
1.5m x 1.1m
4.6m x 2.8m
4.6m x 2.7m
2.2m x 2.1m
Gross internal floor area = 72m²
What is Shared Ownership?
Shared Ownership is an affordable home ownership scheme set up by the government to help people who cannot afford to buy a property outright on the open market.
This scheme enables you to buy a share of the property and pay rent on the share unsold and retained by Plymouth Community Homes.
Shared ownership allows you to buy a share of between 25 and 75 percent of the full property value. The bigger share you purchase the less rent you will have to pay on the remaining share.
Am I Eligible?
There are certain conditions to be eligible for a Shared Ownership property:
- Your annual household income must be no more £80,000.
- You must be unable to purchase a home suitable for your needs on the open market without assistance.
- You need to be register with Help to Buy
- You must not have any outstanding credit issues
MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
IMPORTANT NOTICE: These particulars are for illustration purposes only. We operate a policy of continues product development, and individual internal and external features may vary. Consequently these particulars should be treated as a general guidance only and cannot be relied upon as accurately describing any of specified matters described under the property misdescription act 1991. Nor do they constitute as a contract or warranty. All areas, dimensions and measurements shown are approximate and should not be relied upon for carpet sizes, appliance spaces or items of furniture.
*Assumption used: Based on 35 year repayment mortgage. A 5% deposit. Interest rate of 3.99%. Rent is based on 2.7% of the unsold equity (75% of Open Market Value) per annum. All other purchase fees exclude mortgage arrangement fees and reservation fees and legal fees. Independent legal and financial advice should always be obtained.