2 bedroom apartment for sale
Maybery House, , GU14 6GP
Share percentage 40%, full price £280,000, £11,200 Min Deposit.
Share percentage 40%, full price £280,000, £11,200 Min Deposit.
Monthly Cost: £1,182
Rent £486,
Service charge £131,
Mortgage £565*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Farnborough, Hampshire
Description
Modern two-bedroom apartment inFarnborough available for Shared Ownership. This apartment comprises double two bedrooms, an open plan kitchen /lounge with appliances with balcony access, a bathroom with shower over bathtub, and an en-suite shower bathroom with shower. The property also includes communal garden space.
KIDS DOCUMENT
Minimum income required: £42,899
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 - £486.16
Monthly Service Charge - £130.89
Total Monthly Charge - £617.05 plus mortgage required for 40% share.
An annual rent increase takes place every April
Layout and dimensionsGround Floor:
Communal entrance lobby with staircase and lift
Third Floor:
Private entrance hall. Utility cupboard with plumbing for washing machine.
Bathroom with WC
Bedroom 1:
2.66 x 3.78 m
plus entrance area.
Ensuite shower room with WC
Bedroom 2:
3.22 x 3.57 m
Living room with open
plan kitchen:
6.42 x 3.39 m
Outside:
Private balcony. Communal areas. Two allocated parking spaces.
Years remaining on lease: 120
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 - B
Environmental Impact Band - B
Key Features
- Two bedrooms
- Third floor
- Balcony
- Open plan lounge and kitchen
- Two bathrooms
- Communal grounds
- Two allocated parking space
- Lift
- 5% deposit
- En-suite shower room
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 £280,000, £11,200 Min Deposit. Calculated using a representative rate of 4.59%
