Jack English Close - NN5
This lovely three bedroom house located in the desired area of St Crispin, NN5 is now available on a rent to buy basis. Don't miss out on this fabulous RENT TO BUY opportunity before it's too late. !
The property briefly comprises; Entrance Hall with stairs leading to the first floor, spacious fully fitted kitchen and breakfast room, utility area and a back door leading to the garden, downstairs W/C and a lovely size living area with patio doors leading out to the garden.
On the first floor, there are three excellent size rooms, two rooms are double with the master offering an en-suite and built-in wardrobe, a single bedroom and a family bathroom.
WHAT IS RENT TO BUY?
The Rent to Buy scheme means that you can move into the home that you want to buy immediately by agreeing a fixed rental period together with a fixed purchase price at the end of the rental period and a monthly payment. At the end of the term, you arrange a mortgage and the property is purchased in the usual way and ownership transfers from the seller to the buyer.
For many people getting a mortgage the conventional way just isn’t possible. Many have the disposable income to afford a mortgage but lack the substantial funds to provide the required deposit.
Given the choice to rent or buy, we strongly suspect that most people would choose to buy. The Rent to Buy aims to help those looking to get on the housing ladder.
RENT TO BUY FINANCIALS:
Rent to Buy Term - 3 years. This is how long you have to complete the purchase of the property. Often this is enough time for a buyer to gather the deposit and obtain a mortgage.
Monthly rent - £825. This is payable throughout the term and does not increase nor decrease.
Holding deposit of - £825. This a one-off deposit which is secured within a deposit protection scheme and will be returned to you in the event you purchase the property or decide to end the rent to buy agreement and vacate the property.
Purchase Price - £250,000. The purchase price is fixed from day 1 and does not increase nor does it decrease.
Based on the current mortgage average requirements of requiring a 10% deposit, you would need to save up £25,000 deposit for you to complete the purchase within 3 years.
Upfront commitment fee - £6,500. The upfront fee is payable prior to the Rent to Buy contract starting. This is the entry cost to buy into the contract. This fee also covers your solicitor cost.
*Note: all money that is invested into a Rent to Buy property inc the upfront fee and any improvements made to the property are non-refundable should you decide not to complete on the Rent to Buy purchase. You have the option to purchase not the obligation so you have the right to decide against purchasing the property should you wish.
For more information please call to book in an appointment on 01604 945115.
Please be advised we are unable to carry out any viewings until an application has been filled out. Any money that is taken is NON REFUNDABLE. The heating and electrical systems have not been tested by iLet Properties Ltd.
We offer viewings 7 days a week. If you are unable to supply us with your current address and contact information, for security reasons we can not book you in to view the property.
Please note the photos were taken by iLet Properties Ltd and are not to be used elsewhere or without our permission.
- Downstairs W/C
- EN SUITE
- Off Road Parking
- SEPARATE UTILITY ROOM
- Single Garage
- Spacious Kitchen/Breakfast Room
- Three Bedroom Terraced
- Enclosed Garden
- RENT TO BUY
To arrange a viewing for this property, please call us on 0333 577 0733, or complete the form below:
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Whilst every effort is made to ensure the accuracy of these details, it should be noted that the measurements are approximate only. Floorplans are for representation purposes only and prepared according to the RICS Code of Measuring Practice by our floorplan provider. Therefore, the layout of doors, windows and rooms are approximate and should be regarded as such by any prospective tenant.