4 bedroom house for sale
Station Avenue, Houlton, Rugby, CV23 1BF
Share percentage 35%, full price £345,000, £12,075 Min Deposit.
Share percentage 35%, full price £345,000
Monthly Cost: £1,232
Rent £597, Service charge £25, Mortgage £610*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a Four Bedroom House on a Shared Ownership (Part Buy/Part Rent) Basis
Description
A rare chance to buy a four-bedroom, shared-ownership family home. This attractive, semi-detached property has a ground-floor cloakroom/WC, a spacious kitchen with bay window and a reception room with patio doors that open onto the east/south-east-facing rear garden. Upstairs are two comfortable double bedrooms, a smaller bedroom/study and a simple, modern bathroom. The top floor is devoted to a large main bedroom with naturally-lit, en-suite shower room. The energy-efficiency rating is very good, thanks to well insulated walls, roof and floor, high performance glazing and gas central heating. Just beyond the garden gate are two, off-street, parking spaces and the nearby A428 leads west into the centre of Rugby and east towards the A5 and M1. Ofsted list two primary schools and a secondary school within a mile radius, all rated either 'Good' or 'Outstanding'.
SHARED OWNERSHIP (Advertised price represents 35% share. Full market value £345,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/pdrwt3va]
(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 01/01/2021).
Minimum Share: 35% (£120,750). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £597.45 per month (subject to annual review).
Service Charge: £25.33 per month (subject to annual review).
Guideline Minimum Income: Dual - £40,300 | Single - £46,500 (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 £12,075
- Guide Min Income Dual £40.3k | Single £46.5k
- Three Storey, Four Bedroom, Semi Detached House
- Approx. 1086 Sqft Gross Internal Area
- Bathroom, Shower Room and Downstairs W.C.
- Very Good Energy Efficiency Rating
- Front and Rear Gardens
- 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 £345,000, £12,075 Min Deposit. Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
