3 bedroom house for sale
Harrowell Close, Cawston, Rugby, CV23 9GF
Share percentage 35%, full price £285,000, £9,975 Min Deposit.
Share percentage 35%, full price £285,000
Monthly Cost: £1,081
Rent £493, Service charge £84, Mortgage £504*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a Three Bedroom House on a Shared Ownership (Part Buy/Part Rent) Basis
Description
A great chance to buy a spacious, shared-ownership family home. This attractive, recently-constructed property forms the end of a short terrace but has the appearance of a detached, double-fronted house. There is a cloakroom/WC just off the central entrance hall, a large kitchen/dining room and a reception room with patio doors that open onto a side garden with summer house. On the first floor are two good-sized double bedrooms plus a smaller third bedroom and a naturally-lit bathroom with overhead and separate hand-held shower. The reception, kitchen/dining room and two larger bedrooms are all dual-aspect. Well insulated walls, roof and floor, high performance glazing and a modern gas central heating system have resulted in a very good energy-efficiency rating. The house comes with parking for two cars and is only a short drive from Rugby town centre. The location also allows easy access to a number of the major roads that criss-cross the region, along with scenic places of interest such as nearby Cawston Greenway, Bluebell Woods and Draycote Water.
SHARED OWNERSHIP (Advertised price represents 35% share. Full market value £285,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/ywn3kp8y]
(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 01/08/2020).
Minimum Share: 35% (£99,750). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £493.12 per month (subject to annual review).
Service Charge: £83.59 per month (subject to annual review).
Guideline Minimum Income: Dual - £30,700 | Single - £36,500 (based on minimum share and 10% deposit).
Council Tax: Band D, Rugby Borough 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 £9,975
- Guide Min Income Dual £30.7k | Single £36.5k
- Two Storey, Three Bedroom, End of Terrace House
- Approx. 934 Sqft Gross Internal Area
- Bathroom plus Downstairs WC
- Very Good Energy Efficiency Rating
- Side Garden
- Two Parking Spaces
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 35%, full price £285,000, £9,975 Min Deposit. Calculated using a representative rate of 4.59%
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