3 bedroom house for sale
Walsingham Drive, Taverham, Norwich, NR8 6FZ
Share percentage 25%, full price £268,000, £6,700 Min Deposit.
Share percentage 25%, full price £268,000
Monthly Cost: £832
Rent £494, Mortgage £338*
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 three-bedroom, shared-ownership family home. The semi-detached property was constructed in the nineteen nineties and would benefit from updating. There is a cloakroom/WC just off the entrance hallway, a spacious reception room, a kitchen/dining room and a good-sized conservatory. Upstairs, on the first floor, are two similar-sized double bedrooms, with built-in storage, plus a smaller third bedroom and an attractive and relatively modern bathroom. The windows are double glazed units throughout and there is gas central heating. The house has gardens to front and rear, a garage and two-car driveway. Norwich city centre can also be reached via bus from nearby Drewray Drive.
SHARED OWNERSHIP (Advertised price represents 25% share. Full market value £268,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/rn8rkv4p]
(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 (149 years from 20/11/1996).
Minimum Share: 25% (£67,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £494.12 per month (subject to annual review).
Service Charge: N/A.
Guideline Minimum Income: Dual - £25,700 | Single - £29,000 (based on minimum share and 10% deposit).
Council Tax: Band C, Broadland 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 £6,700
- Guide Min Income Dual £25.7k | Single £29k
- Two Storey, Three Bedroom, Semi Detached House
- Approx. 850 Sqft Gross Internal Area
- Bathroom plus Downstairs WC
- Conservatory
- Front and Rear Gardens
- Garage plus Driveway
Particulars
Tenure: Leasehold
Council Tax Band: C
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 25%, full price £268,000, £6,700 Min Deposit. Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
