1 bedroom apartment for sale
Mercury House, , KT17 1SN
Share percentage 30%, full price £240,000, £7,200 Min Deposit.
Share percentage 30%, full price £240,000, £7,200 Min Deposit.
Monthly Cost: £836
Rent £351,
Service charge £121,
Mortgage £364*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A 1 bed shared ownership property available in Epsom, Surrey
Description
Modern and well-maintained one-bedroom house, now available for Shared Ownership. This first-floor apartment comprises of an open-plan kitchen and reception room with tile flooring, a bedroom and bathroom. Allocated parking space also available.
Minimum income required: £28,488
This is reduced if a larger deposit is available.
More shares can be purchased, from a minimum of 10%.
Available for £72,000 for 30% share based on the marketing figure of £240,000.
Monthly rent - £351.45
Monthly Service Charge - £121.00
Total Monthly Charge - £472.45 plus mortgage required for 30% share.
An annual rent increase takes place every April
Layout and dimensionsGround Floor: Communal entrance lobby with staircase.
First Floor: Private entrance hall with fitted storage cupboard. Open plan kitchen/reception room.
4.31 x 4.51
(dimensions of maximum width and length).
Bedroom:
with fitted cupboard
3.14m x 3.60m
Bathroom with WC
Outside: Communal grounds and areas, including bin and bike stores. No allocated off-street parking.
Lease informationYears remaining on lease: 89
The remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.
EPC ratingEnergy rating band - BEnvironmental impact band - BOther informationKey Features
- One bedroom
- First floor flat
- Allocated parking
- Good transport links
- Available for 30% share
- 5% only minimum deposit
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 30%, full price £240,000, £7,200 Min Deposit. Calculated using a representative rate of 4.59%
