2 bedroom apartment for sale
Palmer Court, 5 Pitcher Lane, Ashford, Surrey, TW15 2DZ
Share percentage 50%, full price £350,000, £17,500 Min Deposit.
Share percentage 50%, full price £350,000, £17,500 Min Deposit.
Monthly Cost: £1,568
Rent £481,
Service charge £199,
Mortgage £888*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a Two Bedroom Apartment on a Shared Ownership (Part Buy/Part Rent) Basis
Description
A well-presented and well-proportioned apartment on the second floor of this recently-constructed development. The property has a twenty-three-foot reception room with attractive kitchen units, integrated appliances and a door that opens onto a balcony overlooking the neatly-maintained communal garden. The spacious main bedroom has a fitted wardrobe and en-suite shower room. There is also a second comfortable double bedroom, a simple yet stylish bathroom and a large hallway storage/utility cupboard. Modern insulation standards, high performance glazing and a communal heating and hot water system have resulted in a very good energy-efficiency rating. The apartment comes with the use of two parking spaces plus the communal cycle store. Ashford Station, for rail services between Weybridge / Windsor & Eton Riverside and London Waterloo, is only a short walk away.
SHARED OWNERSHIP (Advertised price represents 50% share. Full market value £350,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [https://tinyurl.com/mvcrmm4u]
(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)
Housing Association: A2Dominion.
Tenure: Leasehold (125 years from 2021).
Minimum Share: 50% (£175,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £481.37 per month (subject to annual review).
Service Charge: £198.58 per month (subject to annual review).
Guideline Minimum Income: Dual - £55,100 | Single - £63,300 (based on minimum share and 10% deposit).
Council Tax: Band D, Spelthorne Borough Council. Priority is given to applicants living and/or working in this local authority.
This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone. Pets not permitted (except assistance animals).
Key Features
- Guideline Minimum Deposit £17,500
- Guideline Income £55.1k Dual | £63.3k Single
- Second Floor (building has a lift )
- Approx. 768 Sqft Gross Internal Area
- Very Good Energy-Efficiency Rating
- Bathroom plus En-Suite Shower Room
- Balcony
- Two Parking Spaces
Particulars
Tenure: Leasehold
Lease Length: 122 years
Council Tax Band: D
Property Downloads
Floor Plan BrochureMap
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 50%, full price £350,000, £17,500 Min Deposit. Calculated using a representative rate of 4.64%