2 bed Flat For Sale £66,000
Shared Ownership
This two bedroom apartment is available to buy from as little as £66,000 with a 40% share!
Available immediately with no chain, this fantastically well-presented two bedroom top floor apartment. The accommodation consists of a spacious entrance hall, two double bedrooms, open plan living/dining room with Juliet balcony, well presented kitchen and undercroft allocated parking.
Pavilion Gardens is well positioned and sought after purpose built residential development providing excellent transport links. There are a range of local amenities within close proximity including a reputable primary school, Tesco, restaurant and a Sainsbury’s Supermarket.
Pricing & affordability
Approximate Size: 58 sq m
Full Market Value: £165,000
40% Share Price: £66,000 (rent £226.88 pcm)
50% Share Price: £82,500 (rent £189.06 pcm)
75% Share Price: £123,750 (rent £94.53 pcm)
Minimum 5% Mortgage Deposit (40% share): £3,300
Approximate Service Charges: £184.66 pcm*
Lease: Approximately 111 years remaining
Eligibility
The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller up front payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright.
At Pavilion Gardens you can buy a minimum 40% share of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.
To be eligible for this shared ownership home you would need to meet the following criteria:
• Your household income does not exceed £80,000
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.
Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.
*Service charges are estimated and may subject to change.
*These photos are for information purposes only and may not represent a true likeness for the units being sold. They have been digitally furnished to represent how the home could be laid out and the final colours/appearance may differ from the images. We advise applicants to make their own investigations on future development in the area. We would suggest contacting the local authority for more information.
*** Property is 'sold as seen'
This two bedroom apartment is available to buy from as little as £66,000 with a 40% share!
Available immediately with no chain, this fantastically well-presented two bedroom top floor apartment. The accommodation consists of a spacious entrance hall, two double bedrooms, open plan living/dining room with Juliet balcony, well presented kitchen and undercroft allocated parking.
Pavilion Gardens is well positioned and sought after purpose built residential development providing excellent transport links. There are a range of local amenities within close proximity including a reputable primary school, Tesco, restaurant and a Sainsbury’s Supermarket.
Pricing & affordability
Approximate Size: 58 sq m
Full Market Value: £165,000
40% Share Price: £66,000 (rent £226.88 pcm)
50% Share Price: £82,500 (rent £189.06 pcm)
75% Share Price: £123,750 (rent £94.53 pcm)
Minimum 5% Mortgage Deposit (40% share): £3,300
Approximate Service Charges: £184.66 pcm*
Lease: Approximately 111 years remaining
Eligibility
The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller up front payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright.
At Pavilion Gardens you can buy a minimum 40% share of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.
To be eligible for this shared ownership home you would need to meet the following criteria:
• Your household income does not exceed £80,000
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.
Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.
*Service charges are estimated and may subject to change.
*These photos are for information purposes only and may not represent a true likeness for the units being sold. They have been digitally furnished to represent how the home could be laid out and the final colours/appearance may differ from the images. We advise applicants to make their own investigations on future development in the area. We would suggest contacting the local authority for more information.
*** Property is 'sold as seen'
