2 bedroom apartment for sale

Under Offer

Lyme Regis Court, , SM7 2PT

£146,000 · Shared Ownership Resale

Share percentage 40%, full price £365,000, £14,600 Min Deposit.

Under Offer
2 bedrooms
Floor plan
floor-plan
Floor plan
floor-plan
£146,000 Shared Ownership Resale

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.

Layout and dimensions

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.

EPC rating

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 Plan
Map
Banstead (0.93 miles) Epsom Downs (1.33 miles) Tattenham Corner (1.45 miles)
Monthly Cost Calculator

The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.

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  • 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.

£146,000
Shared Ownership Resale
Estimated Monthly Cost:£1,475
Rent £625
Service Charge £113
Mortgage £737

Share percentage 40%, full price £365,000, £14,600 Min Deposit. Calculated using a representative rate of 4.59%


Disclaimer
The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.