2 bedroom apartment for sale

Under Offer

Redwood Cout, Park View Road, KT22 7GJ

£130,500 · Shared Ownership Resale

Share percentage 45%, full price £290,000, £6,525 Min Deposit.

Under Offer
2 bedrooms
Floor plan
floor-plan
Floor plan
floor-plan
£130,500 Shared Ownership Resale

Share percentage 45%, full price £290,000, £6,525 Min Deposit.

Monthly Cost: £1,477
Rent £515, Service charge £235, Mortgage £727*

Calculated using a representative rate of 5.03%

Calculate estimated monthly costs

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Summary

A 2 bed shared ownership property available in Leatherhead, Surrey

Description

This modern, spacious, well-decorated two-bedroom apartment is now available in Leatherhead through Shared Ownership.

The property on the first floor comprises an entrance hall, a spacious living room with a modern open-plan kitchen, two bedrooms, and a bathroom. Outside, there are communal areas and allocated parking, Perfect for couples and small families.

Available for £130,500 for 45% share based on the marketing figure of £290,000.

Monthly rent - £514.97
Monthly Service Charge - £234.64
Total Monthly Charge - £749.61 plus mortgage required for 45% share.

An annual rent increase takes place every April

Location

Leatherhead station is 1.1 miles from the property, which has a direct route into London every 15 minutes (Waterloo and Victoria).There is also a 465 bus service from Dorking to Kingstone. Close to a range of shops, restaurants, supermarkets and leisure centres.

EPC rating

Energy rating band - B
Environmental impact band - C

Layout and dimensions

Gross internal floor area: 66 m²
Living room & kitchen: 6.12 x 4.67 m
Bedroom 1: 4.70 x 2.90 m
Bedroom 2: 3.33 x 3.10 m

Lease information

Years remaining on lease: 131

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 information

The advertised lease length is subject to a simultaneous lease extension upon completion at no cost to the buyer.

Key Features
  • Two bedroom apartment
  • Modern kitchen
  • Allocated parking
  • Good travel links
  • Available for 45% share
  • 5% minimum deposit only
Particulars

Tenure: Not specified
Council Tax Band: Not specified

Property Downloads
Floor Plan
Map
Leatherhead (0.63 miles) Ashtead (1.12 miles) Oxshott (2.57 miles)
Monthly Cost Calculator

The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.

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  • 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.

£130,500
Shared Ownership Resale
Estimated Monthly Cost:£1,477
Rent £515
Service Charge £235
Mortgage £727

Share percentage 45%, full price £290,000, £6,525 Min Deposit. Calculated using a representative rate of 5.03%


Disclaimer
The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.