2 bedroom apartment for sale
Cowden Close, Farnham, GU9 9FG
Share percentage 40%, full price £280,000, £5,600 Min Deposit.
Share percentage 40%, full price £280,000, £5,600 Min Deposit
Monthly Cost: £1,124
Rent £387,
Service charge £113,
Mortgage £624*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Farnham, Surrey
Description
Beautifully presented, second-floor apartment in Farnham is available for sale through the Shared Ownership Scheme. The property comprisesa spacious living area with space for a dining table, two large bedrooms, a fitted kitchen, modern bathroom. Externally the property offers communal grounds and allocated parking space.
Minimum income required: £41,501
This is reduced if a larger deposit is available.
More shares can be purchased, from a minimum of 5%.
Available for £112,000 for 40% share based on the marketing figure of £280,000.
Monthly rent - £387.41
Monthly Service Charge - £113.11
Total Monthly Charge - £500.52 plus mortgage required for 40% share.
An annual rent increase takes place every April
LocationHealth & fitness centres are close by and the 300 acre Farnham Park is only a short distance away to enjoy in leisure time. The apartment is within easy reach of good transport links with a bus stop at the end of the road, great links to London by train from Farnham station and within easy reach of the A3 & M3 by car.
EPC ratingEnergy Rating Band - C
Environmental Impact Band - B
Ground Floor:
Communal entrance lobby with staircase
Second Floor:
Private entrance hall with fitted storage and airing cupboards.
Reception room:
3.67 x 5.91.
Bedroom one:
3.67 x 3.15
Bathroom with WC
Bedroom two:
3.30 x 3.39.
Kitchen:
2.96 x 2.78
Outside:
Communal grounds and areas, including bin and bike stores. Allocated parking space. Additional visitor parking.
Years remaining on lease: 86
In certain cases, 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.
Key Features
- Two bedrooms
- Second floor
- Communal grounds
- Just a short walk away from Sainsbury's and other amenities
- Allocated parking space
- Available for 40% share
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor PlanMap
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: n/a
Outside Space/Garden: n/a
Year property was built: Enquire with provider
Unit size: Enquire with provider
Accessible measures: Enquire with provider
Heating: Enquire with provider
Sewerage: Enquire with provider
Water: Enquire with provider
Electricity: Enquire with provider
Broadband: Enquire with provider
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 £280,000, £5,600 Min Deposit. Calculated using a representative rate of 5.03%
