2 bedroom apartment for sale
School Meadow, GU2 8GY
Share percentage 50%, full price £255,000, £12,750 Min Deposit.
Share percentage 50%, full price £255,000, £12,750 Min Deposit.
Monthly Cost: £1,192
Rent £371,
Service charge £174,
Mortgage £647*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
You can buy a home through shared ownership if both of the following are true:
-Your household income is £80,000 a year or less (£90,000 a year or less in London)
-You cannot afford all of the deposit and mortgage payments for a home that meets your needs
One of the following must also be true:
-You’re a first-time buyer
-You used to own a home but cannot afford to buy one now
-You’re forming a new household - for example, after a relationship breakdown
-You’re an existing shared owner, and you want to move
-You own a home and want to move but cannot afford a new home that meets your needs
-For some homes you may have to show that you live in, work in, or have a connection to the area where you want to buy the home.
Summary
One Bedroom Ground Floor Flat
Description
Good condition one bedroom ground floor flat of a three story building.
Primarily constructed of traditional brick cavity wall, part rendered construction and a pitched tiled roof.
The flat has window views of the communal grounds and parking area. The property is located within a cul de sac known as School Meadow within a traditional residential area. Guildford Town Centre within 2 miles offering an array of local shops and amenities.
All windows are double glazed.
Wall mounted heaters in all main rooms. Hot water provided by an Instinct hot water tank.
Key Features
- Open plan kitchen
- Sitting room
- Entrance hallway with two storage cupboards
- Two bedrooms
- Bathroom
- Communal grounds
- Allocated car park space.
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: C
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 50%, full price £255,000, £12,750 Min Deposit. Calculated using a representative rate of 4.64%
