"Dakota Type" 1 bed apartment
Underfloor heating
25% shared ownership - larger shares available
Brand New
Double glazing
Shared ownership is a part buy part rent property which we are selling on behalf of Origin Housing
You purchase a share with the help of a mortgage based on affordability and the minimum share being sold.
Open Market Value: £395,000
25% Shared Ownership: £98,750
Rent: £680.00pcm
Service Charge: £208.74pcm
Affordability checks will be carried out prior to viewing, please email us and we will pass your details over the Origin Housing
If you bought a home on the open market, you would agree a purchase price through an estate agent. Then you would take out a mortgage to cover the total purchase price of the property minus any deposit you might have available.
With Shared Ownership, the price of the property is fixed at the open market value, as assessed by a qualified valuer. You borrow just enough to cover the share you are buying. This is referred to as equity share.
The equity share amount will be an amount that you can afford, as set out under government guidelines. The total monthly cost of the rent, plus your
mortgage, will be lower than the monthly cost if you bought the property outright with a mortgage.
For legal reasons, while you are only buying a part-share of the property, you will have a leasehold interest. However, you may buy further shares. This is called ‘staircasing’, and may
eventually progress to outright ownership.
•Zanussi ceramic hob in black
•Integrated Zanussi appliances including single oven, cooker hood in stainless steel, fridge/freezer and dishwasher
•Zanussi freestanding washer/dryer (to utility cupboard)
•Cabinetry finished in colourway ‘pebble’ with matt black bar handles
•3 x 10 litre integrated waste bins
•Grey granite-effect laminate worktops and upstands
•Stainless steel splashback
•1.5 bowl Carron Onda inset sink
•Blanco Daras Eco Flow 6 mixer tap in chrome
•Vado thermostatic bath mixer in chrome
•Sandringham bath in white
•Merlyn bath screen
•Vado adjustable, wall-mounted shower kit in chrome
•Johnsons wall tiles, Zeya range, in light grey
•Ideal Standard semi-countertop basin
•Gloss white laminate vanity top
•Ideal Standard WC with concealed cistern and dual flush
•Vado toilet roll holder in chrome
•Walls painted using Johnstones acrylic durable matt in white
•External door in anthracite mountain larch
•Door viewer in stainless steel
•Door chain in satin stainless steel
•Heavy-duty mortice tubular latch
•Comelit Mini video entry phone door system
•Orlight downlighters throughout
•White sockets and switches
Twocan are proud to be advertising these properties on behalf of Origin Housing, who will facilitate any viewings and assess eligibility for shared ownership.
All measurements are approximate. We have not checked the serviceability of any appliances, fixtures or utilities (i.e. water, electricity, gas) which may be included in the sale. We cannot guarantee building regulations or planning permission has been approved and all prospective purchasers should satisfy themselves on these points prior to entering into a contract. Consumer Protection from Unfair Trading Regulations 2008. The Agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose. A Buyer is advised to obtain verification from their Solicitor or Surveyor. References to the Tenure of a Property are based on information supplied by the Seller. The Agent has not had sight of the title documents. A Buyer is advised to obtain verification from their Solicitor. Items shown in photographs are NOT included unless specifically mentioned within the sales particulars. They may however be available by separate negotiation. Buyers must check the availability of any property and make an appointment to view before embarking on any journey to see a property.
As an ethical company, all our profits are donated to charity.
