2 bedroom house for sale
Kenmare Close, Bury St Edmunds, IP32 6TT
Share percentage 40%, full price £260,000, £10,400 Min Deposit.
Share percentage 40%, full price £260,000
Monthly Cost: £1,075
Rent £506, Service charge £25, Mortgage £544*
Calculated using a representative rate of 4.94%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a Two Bedroom House on a Shared Ownership (Part Buy/Part Rent) Basis
Description
This recently-built and smartly-presented property forms part of a four-house terrace and has a good-sized reception room leading through to a full-width kitchen/dining room. There is an under-stairs cloakroom/WC and a door which opens onto the south-east-facing rear garden. The garden can also be accessed via a private foot-path. On the first floor of the house is a spacious main bedroom plus an approximately sixteen-foot second bedroom and a naturally-lit bathroom. 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. Ofsted list several highly-rated schools in the local area. Bury St Edmunds Railway Station is only a brief bike ride away and the shops and other amenities of the attractive town centre can be easily reached via bus. The house comes with parking for two cars.
SHARED OWNERSHIP (Advertised price represents 40% share. Full market value £260,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/ykb4244n]
(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 21/03/2021). Freehold transferred on 100% ownership.
Minimum Share: 40% (£104,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £505.80 per month (subject to annual review).
Service Charge: £25.36 per month (subject to annual review).
Guideline Minimum Income: Dual - £31,600 | Single - £37,900 (based on minimum share and 10% deposit).
Council Tax: Band B, West Suffolk 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 £10,400
- Guide Min Income Dual £31.6k | Single £37.9k
- Two Storey, Mid Terrace House
- Bathroom plus Downstairs WC
- Approx. 744 Sqft Gross Internal Area
- Reception plus Kitchen/Dining Room
- Two Good-Sized Double Bedrooms
- Very Good Energy Efficiency Rating
- South East Facing Rear Garden
- Two Parking Spaces
Particulars
Tenure: Leasehold
Council Tax Band: B
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 40%, full price £260,000, £10,400 Min Deposit. Calculated using a representative rate of 4.94%
Calculate estimated monthly costs
