A spacious, three-bedroom house in Leicester is available for Shared Ownership. The property comprises a large lounge with space for a dining table and doors to the rear garden, a kitchen with modern units, three bedrooms, two doubles, and one single. The master bedroom has an en-suite and a modern bathroom with a heated towel rack and shower over the bathtub. The property also benefits from allocated parking and would make a perfect family home.
Minimum income required: £39,058
This is reduced if a larger deposit is available.
More shares can be purchased, from a minimum of 5%.
Available for £110,000 for 40% share based on the marketing figure of £275,000.
Monthly rent - £321.00
Monthly Service Charge - £28.80
Total Monthly Charge - £349.80 plus mortgage required for 40% share.
An annual rent increase takes place every April
Layout and dimensions
Sitting / Dining Room
15'10 (4.83) max x 15'10 (4.83)
Kitchen
11' (3.35)x 8' (2.44)
Bedroom 1
10'9 (3.28) max x 9' (2.74) max
Bedroom 2
12'10 (3.91) max x 8' (2.44) max
Bedroom 3
7' (2.13) x 7' (2.13)
Garden
Approximate
25' (7.62) x 22' (6.71)
EPC rating
Energy rating band - B
Environmental impact band - B
Other information
The remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.