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1 bedroom apartment for sale

Available

Woodbrooke House, 46 New House Farm Drive, Northfield, B31 2GP

£70,000 Shared Ownership Resale

Share percentage 40%, full price £175,000, £7,000 Min Deposit.

Available
1 bedroom
1 Bathroom
Parking
Floor plan
floor-plan
Floor plan
floor-plan
£70,000 Shared Ownership Resale

Share percentage 40%, full price £175,000

Monthly Cost: £755

Rent £289, Service charge £119, Mortgage £347*

Calculated using a representative rate of 4.42%

Calculate estimated monthly costs

£
Summary

A Fantastic Opportunity to Purchase a One Bedroom Flat on a Shared Ownership (Part Buy/Part Rent) Basis

Description

A very smartly-presented, first-floor flat in a recently-constructed block. The property has a twenty-nine-foot, open-plan kitchen/reception room featuring grey, gloss units, integrated appliances, windows along the south-east side of the room and a south-west-facing Juliette balcony. The bedroom is generously sized and the bathroom stylish and modern. A storage/utility cupboard has been provided in the entrance hall and demanding insulation standards and high performance glazing make for a very good energy-efficiency rating. Woodbrooke House sits in pleasant, leafy surroundings with a parking area that includes a space for this flat. The A38 provides a direct route into Birmingham city centre and the shopping centres and railway stations at Northfield and Selly Oak can also be easily reached by bus or bike.

SHARED OWNERSHIP (Advertised price represents 40% share. Full market value £175,000).

PLEASE USE THIS LINK https://tinyurl.com/54rfxhz4 TO SUBMIT YOUR APPLICATION

(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 01/04/2020).
Minimum Share: 40% (£70,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £288.88 per month (subject to annual review).
Service Charge: £119.37 per month (subject to annual review).
Ground Rent: £100.00 for the year.
Guideline Minimum Income: Dual - £23,900 | Single - £26,200 (based on minimum share and 10% deposit).
Council Tax: Band B, Birmingham City 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. Pets not permitted (except assistance animals).

Key Features
  • Guideline Minimum Deposit £7,000
  • Guide Min Income Dual £23.9k | Single £26.2k
  • First Floor
  • Approx. 602 Sqft Gross Internal Area
  • Dual Aspect Kitchen/Reception
  • Very Good Energy Efficiency Rating
  • Juliette Balcony
  • Parking Space
Particulars

Tenure: Leasehold
Council Tax Band: B

Property Downloads
Key Information Document Floor Plan Brochure
Monthly Cost Calculator

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together, rent, service charge and mortgage.

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  • 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.

£70,000
Shared Ownership Resale
Estimated Monthly Cost:£755
Rent £289
Service £119
Mortgage £347

Share percentage 40%, full price £175,000, £7,000 Min Deposit. Calculated using a representative rate of 4.42%

Calculate estimated monthly costs

£
Disclaimer
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.