2 bed Flat For Sale £82,500
Beautifully styled two-bedroom top-floor apartment... Is offered on a shared ownership basis, which presents an ideal opportunity for a first-time buyer. This unique flat boasts many period features and access to a large shared garden area. The home is located in the popular residential Princes Park area with direct access to the park from the garden and stunning views from the living space. Lark Lane is only a 10-minute walk away and the City Centre is no more than 30 minutes walk or a 10-minute cycle.
The building is Grade II listed and steeped in history, it was originally constructed in the early 1800s. The internal renovations were carried out in 2000, with all apartments receiving a modern fit out whilst staying true to the original features. The apartment is very bright and airy, benefitting from Velux skylight windows in every room.
Externally to the rear, there is a large and sunny communal garden with a gate leading directly out into Princes Park. There is free unallocated parking at the front of the property. The property is set back from the main road on a private unadopted road. The current owner has been a resident since 2006 and has made many internal improvements including recently modernizing the bathroom. The managing company maintains the internal and external communal areas and the building is painted roughly every 4 years.
Shared Ownership simply means that you buy a share of a home you can afford, in this case, the owner is selling their share at 50%. You pay rent to Riverside on the part they still own. You don’t share residence with anyone, the property is all yours.
Because you’re buying a percentage, the mortgage you need is lower. That makes the deposit you need lower too. With a reduced rent on the remaining 50% share, it makes the whole thing more affordable than buying outright.
The property is yours, much like any other homeowner. You’ve got the option to buy more shares, as and when you can afford to, and eventually own 100% of your home.all potential buyers must be approved via an application to Riverside Home Ownership.
Breakdown of costs:
Rent: £363 per month (on 50% share not owned currently)
Service charge: £152 per month
Mortgage: This is dependent on your chosen provider/deal based on £82.5k for a 50% share
(Bills are not included)this property is stamp duty exempt
For more information visit:
The building is Grade II listed and steeped in history, it was originally constructed in the early 1800s. The internal renovations were carried out in 2000, with all apartments receiving a modern fit out whilst staying true to the original features. The apartment is very bright and airy, benefitting from Velux skylight windows in every room.
Externally to the rear, there is a large and sunny communal garden with a gate leading directly out into Princes Park. There is free unallocated parking at the front of the property. The property is set back from the main road on a private unadopted road. The current owner has been a resident since 2006 and has made many internal improvements including recently modernizing the bathroom. The managing company maintains the internal and external communal areas and the building is painted roughly every 4 years.
Shared Ownership simply means that you buy a share of a home you can afford, in this case, the owner is selling their share at 50%. You pay rent to Riverside on the part they still own. You don’t share residence with anyone, the property is all yours.
Because you’re buying a percentage, the mortgage you need is lower. That makes the deposit you need lower too. With a reduced rent on the remaining 50% share, it makes the whole thing more affordable than buying outright.
The property is yours, much like any other homeowner. You’ve got the option to buy more shares, as and when you can afford to, and eventually own 100% of your home.all potential buyers must be approved via an application to Riverside Home Ownership.
Breakdown of costs:
Rent: £363 per month (on 50% share not owned currently)
Service charge: £152 per month
Mortgage: This is dependent on your chosen provider/deal based on £82.5k for a 50% share
(Bills are not included)this property is stamp duty exempt
For more information visit:
