Full description
Two bedroom apartment available for shared ownership purchase. This apartment offers fabulous open-plan living space. The modern kitchen leads onto the reception room with plenty of space to dine, while doors opening out onto the private balcony fill the room with light. There are two double-bedrooms, and a good-sized bathroom off the hall. Brand new home.
Monthly rent and service charges apply
Specification
Kitchen
Modern glossy white Monza style kitchens by Rixonway
Zanussi fan oven and gas hob
Zanussi integrated fridge freezer
Indesit integrated washer/dryer
Black quartz effect laminate worktops
Spotlights
Under cupboard lighting
Bathroom
Contemporary white sanitary ware with basin, bath, shower over bath and WC
Heated chrome towel rail
Large mirror with shaver socket
Internal
PVCu high efficiency double glazed windows
PVCu patio doors to garden or balcony
Airing cupboard with shelving
Smoke detector and carbon monoxide alarms
Gas central heating powered by Worcester Bosch combi boiler
Wood effect vinyl throughout, with neutral carpets to bedrooms and hallway
External
One parking space per property, some with car charging facilities
Managed landscaped communal gardens for the enjoyment of all residents
External lighting to all front doors and terraces
Door entry system
£85,500
Based on a 30% share
Am I eligible for shared ownership?
To be eligible to purchase a shared ownership property, you must:
- have a combined household income under £80,000 (outside of London)
- not own a property, or part of a property, at the time of completing on your purchase
- have a good credit history
- be unable to purchase a suitable home to meet your housing needs on the open market
- be registered with your local Help to Buy agent
Some advantages of shared ownership:
- You'll own part of your home, rather than paying rent with no return
- Your monthly mortgage and rent can work out much cheaper than buying outright and often less than private renting
- You can buy more shares in your home at a later date
- You only buy what you can afford so you don't overstretch yourself financially
Is it affordable for you?
When you apply for Weald Living Shared Ownership, our mortgage broker Metro Finance will ask for detailed information about your income and financial commitments. Weald Living will perform checks to ensure you can afford to purchase and sustain the housing costs before offering you a home.
In general, you will need approximately £3,000 to cover the costs of purchasing a home. These costs cover things like; the reservation fee, mortgage valuation fee, mortgage arrangement fees, solicitor fees, removal costs and utility connection charges.
Household income requirements will differ from development to development, in line with factors such as current house prices, the share for sale, and your mortgage deposit. To purchase one of our shared ownership homes, you normally need a deposit of between 10 and 15% of the value of the share you are purchasing.
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