230 Islandbawn Drive

Antrim, County Antrim BT41 4JF

£400/month
  • Property Type: Terrace House
  • Bedrooms: 3
  • Bathrooms: 1
  • Date Available: 01.04.2013
  • Patio

This property is available on a RENT TO BUY basis.

Rent to own is a very simple and easy way to get on the housing ladder for tenants that can’t get a mortgage for various reasons such as:

  • Not enough deposit saved up
  • Poor credit rating, CCJ, defaults
  • Self employed, less than 3 years accounts

How it works:

Market Value: £55,000

Agreed Sale Price: £55,000

Term: 5 Years

Market Rent: £400 pcm

Agreed Rent: £400 pcm

Monthly Option Fee: £100 pcm

Over 5 years the tenant buyer pays £100 towards the deposit, i.e. 60 x £100 = £6,000

In 5 years time the tenant-buyer can exercise their option to purchase the property at today’s price. If the property market has risen during those 5 years then the tenant-buyer benefits from the increased equity.  The governments Help To Buy Scheme is likely to help drive prices upwards as people look to take advantage of this 3 year scheme.

Property description:

A 3 bed mid terrace in this quiet residential area close to all local amenities and Antrim town centre.

Entrance hall with laminate wood flooring, telephone point.

Kitchen Diner (3.06m x 5.45m) A range of low and eye level maple units with built in electric oven and gas hob.  Laminate flooring throughout.

Lounge (3.50m x 5.45m) Laminate flooring with patio doors to rear patio area and garden.

Bedroom 1 (3.59m x 3.10m) Built in wardrobe.

Bedroom 2 (3.53m x 2.8m) Built in wardrobe.

Bedroom 3 (2.75m x 2.47m) Laminate wood flooring.

Bathroom. (2.03m x 1.8m) White bathroom suite.

The property also benefits from uPVC double glazing and oil fired central heating.

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230 Islandbawn Drive
Antrim, County Antrim
BT41 4JF

Your Agent for this listing

Chris Selwood
Agent
Office: : 028 900 800 98
Mobile: : 078 370 000 60
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