2 bedroom house for sale
Ninehams Gardens, Caterham, CR3 5LP
Share percentage 40%, full price £440,000, £17,600 Min Deposit.
Share percentage 40%, full price £440,000
Monthly Cost: £1,570
Rent £646, Service charge £35, Mortgage £889*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a Two Bedroom House on a Shared Ownership (Part Buy/Part Rent) Basis
Description
This smartly-presented property has a front reception room with bay window. There is a ground-floor cloakroom/WC and a spacious and attractive kitchen/dining room with tiled floor. A door leads out to the west/south-west-facing rear garden. On the first floor of the house are two generously-sized bedrooms and a stylish bathroom. The energy-efficiency rating is excellent, thanks to demanding insulation standards, high performance glazing, gas central heating and roof-mounted solar panels. Ninehams Gardens is very close to Coulsdon Common which, in 2019, was incorporated into the South London Downs National Nature Reserve along with several other sites in the surrounding area. The house comes with use of an allocated parking space plus the Whyteleafe, Whyteleafe South and Upper Warlingham railway stations can be reached by bus and/or bike.
SHARED OWNERSHIP (Advertised price represents 40% share. Full market value £440,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/49pjcarm]
(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)
Housing Association: Clarion.
Tenure: Leasehold (125 years from 01/02/2018).
Minimum Share: 40% (£176,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £645.97 per month (subject to annual review).
Service Charge: £34.86 per month (subject to annual review).
Guideline Minimum Income: Dual - £55,300 | Single - £63,600 (based on minimum share and 10% deposit).
Council Tax: Band D, Tandridge District Council. Priority is given to applicants living and/or working in this local authority.
This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone.
Key Features
- Guideline Minimum Deposit £17,600
- Guide Min Income Dual £55.3k | Single £63.6k
- Two Storey, Two Bedroom, Mid Terrace House
- Approx. 884 Sqft Gross Internal Area
- Bathroom plus Downstairs WC
- Very Good Energy Efficiency Rating
- West/South-West Facing Rear Garden
- Parking Space
Particulars
Tenure: Leasehold
Council Tax Band: D
Property Downloads
Key Information Document Floor Plan BrochureThe ‘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 40%, full price £440,000, £17,600 Min Deposit. Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
