SHARED OWNERSHIP
Whitley Place
(Share Price (30%) - £105,000
Full Value Price £350,000
SHARED OWNERSHIP
Whitley Place
(Share Price (30%) - £105,000
Full Value Price £350,000
these iconic vessels moored at Hythe Quay. A short walk from Hythe Quay is the fantastic
Promenade Park. When you combine its open space, marine lake, tennis courts, skate park, crazy golf, pirate ship playground and Splash Park, you have the perfect place to enjoy a day out.
- Entrance: Hallway with large storage cupboards and entry phone system.
- Living room: Spacious lounge with lots of natural light and open plan kitchen. Laminated flooring.
- Kitchen: Grey base and wall units and grey worktop. Integrated appliances in excellent condition. Laminated flooring.
- Bedroom one: Double bedroom. Carpeted flooring.
- Bedroom two: Double bedroom. Carpeted flooring.
- Bedroom three: Double bedroom. Carpeted flooring.
- Bathroom and Ensuite: White and grey suites comprising panelled bath with shower head, WC and hand washbasin and large mirror over. Tiled flooring.
- Outside: Private garden, allocated parking space and secure cycle storage.
You will receive an email confirmation that will confirm next steps including how to book a viewing, completing a financial assessment with a mortgage advisor and completing a Shared Ownership Application Form.
If you don’t receive this email within an hour of your registration, please check your spam or junk folders and set your spam filter to allow incoming emails from Peabody. If you still haven’t received the email, please contact enquiries@peabodynewhomes.co.uk and our team will be able to help you.
What is Resale Shared Ownership?
Through Shared Ownership you can buy up to 75% of the property, paying a low-cost rent on the remaining unpurchased 'share' of the home. What's more, your mortgage deposit is based on the value of the share you buy, not the full market value, making these homes even more affordable than buying through private sale. With resale properties, you must purchase your first share at the percentage the existing leaseholder owns or more.
Financial information
• Remaining lease term: 248 years
• Annual ground rent amount: £0
• Ground rent review period: No ground rent to pay until final staircasing.
• Annual service charge amount: £1,289.76
• Service charge review period: Annually
• Council tax band: D
*Financial information correct as of 17.10.2023
Financials*
Full Value
£350,000
Share Price
£105,000
Share Value
30%
Monthly Cost
£1,318
Monthly Mortgage
£567
Monthly Rent
£644
Monthly Service Charge
£107
Minimum Household Income
£46,000
Maximum Household Income
£90,000
Deposit Required
£11,250
*The monthly mortgage, monthly rent, minimum household income and deposit required are all guide figures and will vary depending on your personal circumstances and the mortgage you are able to secure. Please note that applicants will be expected to purchase the maximum share that is sustainable for them. Applicants will be required to attend a financial interview with a Mortgage Advisor appointed by Peabody to assess affordability in line with Affordable Homes guidelines set by the HCA/GLA. Speak to a member of the Peabody New Homes team for more details.
Location
Whitley Place, Maldon, Maldon, Maldon, CM9 6GR Open in Google Maps