1 bedroom apartment for sale
Lark Rise House, Fleet, GU51 5AF
Share percentage 25%, full price £210,000, £2,625 Min Deposit.
Share percentage 25%, full price £210,000, £2,625 Min Deposit.
Monthly Cost: £866
Rent £465,
Service charge £109,
Mortgage £292*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 1 bed shared ownership property available in Fleet, Hampshire
Description
Modern, bright & spacious one-bedroom apartment now available in Fleet through Shared Ownership.
The property comprises of an open-plan living room kitchen with a Juliet balcony, an open-plan fitted kitchen, and one large bedroom. This could be ideal for first time buyers.
The flat is on the second floor of a well built construction (circa 2011); it a shared garden area and an allocated off-street parking space.
Available for £52,500 for 25% share based on the marketing figure of £210,000.
Monthly rent - £465.29
Monthly Service Charge - £109.41
Total Monthly Charge - £574.70 plus mortgage required for 25% share.
An annual rent increase takes place every April
LocationThe property is located just outside Guildford's town centre, in a new developmental area, and about 15 minutes away from Fleet train station.
The M3 motorway is about 10 minutes away, making commuting a possibility.
Many schools of all levels can be found nearby, along with great access to local services such as Hart Leisure Centre.
EPC ratingEnergy rating band - C
Environmental impact rating - A
Layout and dimensionsGross internal floor area: 50 m²
Living room & kitchen: 5.31 x 4.72 m
Bedroom 1: 3.51 x 3.23 m
Years remaining on lease: 83
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.
Other informationThe lease can be extended to 333 years for £948.75 (this is the amount if the customer is buying a 25% share)
Key Features
- Second floor flat
- Juliet balcony
- Allocated off-street parking
- Shared garden area
- Available for 25% share
- 5% minimum deposit only
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 25%, full price £210,000, £2,625 Min Deposit. Calculated using a representative rate of 5.03%
