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Wendover Rise, Coventry, CV5 9JU
£106,150
Bedrooms
Bathrooms
Reception
Charming 2-Bedroom Home with Spacious Garden & Driveway (55% Shared ownership )
Welcome to this delightful 2-bedroom home, perfect for first-time buyers, small families, or those looking to downsize. Nestled in a peaceful location, this property offers a blend of comfort, space, and modern living.
Key Features:
Two spacious bedrooms ideal for relaxation and restful nights
Large living room perfect for entertaining or unwinding after a long day
Modern kitchen stylish and functional with ample storage
Downstairs WC added convenience for guests and daily living
Great-sized garden a fantastic outdoor space for children, pets, or summer gatherings
Two-car driveway hassle-free parking right at your doorstep
Quiet surroundings enjoy a peaceful setting while still being close to local amenities
Service Charge: 13.06
Assured Rent:163.35
Shared ownership information
You can apply to buy the home if both of the following apply:
your household income is 80,000 or less
you cannot afford all of the deposit and mortgage payments to buy a home that meets your needs
One of the following must also be true:
you're a first-time buyer
you used to own a home but cannot afford to buy one now
you're forming a new household - for example, after a relationship breakdown
you're an existing shared owner, and you want to move
you own a home and want to move but cannot afford to buy a new home for your needs
If you own a home, you must have completed the sale of the home on or before the date you complete your shared ownership purchase.
As part of your application, your finances and credit history will be assessed to ensure that you can afford and sustain the rental and mortgage payments.
This home is a must-see! Dont miss out on the opportunity to make it yours. Contact us today to arrange a viewing..png "Nearest Logo")
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
Wendover Rise, Coventry, CV5 9JU
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