2 bedroom apartment for sale
Lyme Regis Court, , SM7 2PT
Share percentage 40%, full price £365,000, £14,600 Min Deposit.
Share percentage 40%, full price £365,000, £14,600 Min Deposit.
Monthly Cost: £1,475
Rent £625,
Service charge £113,
Mortgage £737*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Lyme Regis, Banstead
Description
This bright, airy beautifully designed second-floor apartment in Surrey is available for sale through the Shared Ownership Scheme. The property comprises a living area, a fitted kitchen with modern blue cabinets, two large double bedrooms, bathroom with a shower over the bath. The property also benefits from a private terrace, communal areas with a garden, and an allocated parking space.
Minimum income required: £55,123
This is reduced if a larger deposit is available.
More shares can be purchased, from a minimum of 10%.
Available for £146,000 for 40% share based on the marketing figure of £365,000.
SO Resi Monthly Payment - £625.16
Monthly Service Charge - £112.61
Total Monthly Charge - £737.77 plus mortgage required for 40% share.
Ground Floor:
Communal entrance lobby with staircase
Second Floor:
Private entrance hall.
Cupboards.
Bathroom with WC
Bedroom 1:
3.60 x 3.90 m.
Bedroom 2:
4.73 x 3.54
m. Walk-in wardrobe.
Kitchen:
3.94 x 2.09 m.
Living room:
3.93 x 4.38 m.
Plus: 1.87 x 1.56 m.
Outside:
Private terrace accessible from the entrance hall. Communal areas and gardens. Allocated parking space.
Energy Rating Band - B
Environmental Impact Band - B
Key Features
- Two bedrooms
- Walk-in wardrobe
- Second Floor
- Fantastic condition
- Close to local amenities in Banstead
- Allocated parking space
- Private terrace
- Communal areas and gardens
- Available for 40% share
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor PlanMap
The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.
- Rent: This is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes).
- Service Charge: Covers maintenance and repairs for communal areas within your development.
- Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.
NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.
Share percentage 40%, full price £365,000, £14,600 Min Deposit. Calculated using a representative rate of 4.59%