2 bedroom apartment for sale
Orchard Farm Avenue, East Molesey, KT8 0AJ
Share percentage 35%, full price £490,000, £8,575 Min Deposit.
Share percentage 35%, full price £490,000, £8,575 Min Deposit.
Monthly Cost: £2,030
Rent £942,
Service charge £111,
Mortgage £977*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in East Molesey, Surrey
Description
Modern and well-presented two-bedroom apartment available through Shared Ownership in East Molesey, Surrey.
This second-floor apartment comprises an open-plan kitchen and reception room, two large bedrooms, and a bathroom.
The property was built in 2020, benefitting from a parking space, a bike storage room, access to communal areas and gardens.
Key Information Document
Available for £171,500 for 35% share based on the marketing figure of £490,000.
Monthly rent - £942.23
Monthly Service Charge - £111.29
Total Monthly Charge - £1,053.52 plus mortgage required for 35% share.
An annual rent increase takes place every April
LocationThe property is close to all local amenities including sports facilities, schools, pubs, and restaurants. Thames Ditton train station is less than a mile away and offers connections to London and Hampton Court.
EPC ratingEnergy rating band - B
Environmental impact band - B
Years remaining on lease: 120
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
- Two-bedroom apartment
- Bike storge room
- London in <1hr
- Parking available
- Available for 35% 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 35%, full price £490,000, £8,575 Min Deposit. Calculated using a representative rate of 5.26%