3 bedroom house for sale
Whittaker Drive, , RH6 9FB
Share percentage 35%, full price £440,000, £7,700 Min Deposit.
Share percentage 35%, full price £440,000, £7,700 Min Deposit.
Monthly Cost: £1,504
Rent £589,
Service charge £57,
Mortgage £858*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 3 bed shared ownership property available in Horley, Surrey
Description
A spacious mid-terraced house is available for sale through the Shared Ownership Scheme. The property comprises an entrance hall, cloakroom with WC, kitchen, and lounge with access to the garden. On the first floor, there are three spacious bedrooms and a bathroom shower over the bath. Externally the property offers landscaped private front patio and two parking bays at the back. This property would make a perfect family home.
Minimum income required: £56,555
This is reduced if a larger deposit is available.
More shares can be purchased, from a minimum of 5%.
Available for £154,000 for 35% share based on the marketing figure of £440,000.
Monthly rent - £589.12
Monthly Service Charge - £56.76
Total Monthly Charge - £645.88 plus mortgage required for 35% share.
An annual rent increase takes place every April
Layout and dimensionsGround Floor:
Entrance hall with fitted under-stairs storage cupboard.
Kitchen:
2.55 x 3.53.
Cloakroom with WC
Reception room:
with fitted storage cupboard
4.52 x 4.74
First Floor:
Landing with fitted storage/utility cupboard.
Bathroom with WC
Bedroom one:
with fitted cupboard
2.53 x 4.56
Bedroom two:
2.20 x 4.82.
Bedroom three:
2.24 x 3.68
Outside:
Private rear garden. Two allocated parking spaces.
Years 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 - B
Environmental Impact Band - B
Key Features
- Three bedrooms
- Private rear garden
- Two allocated parking spaces
- Mid-terraced house
- Good travel links
- Close to local amenties
- 5% deposit
- Available for 35% share
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Map
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 35%, full price £440,000, £7,700 Min Deposit. Calculated using a representative rate of 5.03%
