3 bedroom house for sale
Skylark Drive, Hailsham, BN27 1GT
Share percentage 30%, full price £420,000, £12,600 Min Deposit.
Share percentage 30%, full price £420,000
Monthly Cost: £1,476
Rent £795, Service charge £56, Mortgage £625*
Calculated using a representative rate of 4.42%
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 recently-constructed, double-fronted property has a cloakroom just off the entrance hall, a twenty-foot, dual-aspect reception room and a large kitchen/dining room with breakfast bar, handle-less units and integrated appliances. Upstairs, two of the bedrooms also benefit from windows on two sides and all three are good-sized doubles with fitted/built-in storage. There is an attractive, naturally-lit bathroom plus an en-suite shower room. Well insulated walls, roof and floor, high performance glazing and a modern gas central heating system all contribute towards a very good energy-efficiency rating. To the side of the house is a garden, with patio and lawn, and the rear gate allows easy access to the two parking spaces. Hailsham town centre is only a few minutes drive away and can also be reached via brief bus or bike ride. Ofsted list four primary schools within a mile radius of Skylark Drive, all rated 'Good'.
SHARED OWNERSHIP (Advertised price represents 30% share. Full market value £420,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/bddtayum]
(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 (250 years from 01/07/2021). Freehold transferred on 100% ownership.
Minimum Share: 30% (£126,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £794.54 per month (subject to annual review).
Service Charge: £56.32 per month (subject to annual review).
Guideline Minimum Income: Dual - £50,600 | Single - £58,000 (based on minimum share and 10% deposit).
Council Tax: Band E, Wealden 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 £12,600
- Guide Min Income Dual £50.6k | Single £58k
- Two Storey, Three Bedroom, Detached House
- Approx. 1325 Sqft Gross Internal Area
- Bathroom, Shower Room and Downstairs W.C.
- Very Good Energy Efficiency Rating
- Garden plus Balcony and Side Lawn
- Two Parking Spaces (+Shared Visitor Spaces)
Particulars
Tenure: Leasehold
Council Tax Band: E
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 30%, full price £420,000, £12,600 Min Deposit. Calculated using a representative rate of 4.42%
Calculate estimated monthly costs
