1 bedroom apartment for sale
Mercury House, Cheam Road, KT17 1SN
Share percentage 50%, full price £285,000, £7,125 Min Deposit.
Share percentage 50%, full price £285,000, £7,125 Min Deposit.
Monthly Cost: £1,299
Rent £362,
Service charge £143,
Mortgage £794*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 1 bed shared ownership property available in Epsom, Surrey
Description
Modern and well-maintained one-bedroom house, now available for Shared Ownership. This first-floor apartment comprises an open-plan kitchen and reception room with tile flooring, a bedroom and a bathroom. Allocated parking space is also available.
Available for £142,500 for 50% share based on the marketing figure of £285,000.
Monthly rent - £362.03
Monthly Service Charge - £142.83
Total Monthly Charge - £504.86 plus mortgage required for 50% share.
An annual rent increase takes place every April
LocationThe apartment islocated within a mixed residential and commercial area, with Ewell High Street just around the corner. Shops, railway stations and other local amenities are all close by. Restaurants, pubs and bars are all within walking distance, including Bourne Hall Park and Nonsuch Park for some green areas. A large supermarket and smaller grocery stores are also less than a mile away.
EPC ratingEnergy rating band - B
Layout and dimensionsGross internal floor area: 48 m²
Living room & kitchen: 5.87 x 3.25 m
Bedroom: 4.57 x 3.58 m
Years remaining on lease: 87
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
- One-bedroom apartment
- Private balcony
- Good transport links
- Allocated parking
- Available for 50% 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 50%, full price £285,000, £7,125 Min Deposit. Calculated using a representative rate of 5.03%
