2 bedroom apartment for sale
Witley House, Garfield Road, KT15 2GF
Share percentage 25%, full price £325,000, £4,063 Min Deposit.
Share percentage 25%, full price £325,000, £4,063 Min Deposit
Monthly Cost: £1,397
Rent £764,
Service charge £180,
Mortgage £453*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
ELIGIBILITY
Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.
To be eligible for shared ownership you would need to meet the following criteria:
• Your annual household income does not exceed £80,000.
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.
*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.
** This home can also be purchased outright (100% of the value) which is £325,000 and a purchaser would not need to meet the eligibility criteria listed above.
Summary
This superb modern home is available to buy from as little as £90,000 with a 25% share!
Description
Shared Ownership
This superb modern home is available to buy from as little as £90,000 with a 25% share!
An extremely spacious two double bedroom apartment set on the third floor of desirable Addlestone One and enjoying a large balcony with views over a courtyard garden. Offered to the market with no onward chain and a lease of approximately 118 years
Offering over 80 Sq.M of contemporary accommodation, this superb property comprises two large double bedrooms, two luxuriously appointed bath/shower rooms, a well specced kitchen open-plan with a generous living space and the aforementioned balcony.
Further benefits include secure entry, an allocated parking space and a host of amenities close-by, including coffee shops, Waitrose, Tesco and Addlestone railway station.
25% Share Price: £90,000 (rent £764.28 pcm)
Minimum 5% Mortgage Deposit (% share): £4500
Approximate Service Charges: £179.69pcm*
Shared Ownership Lease: approx. 118 years
Council Tax Band: C
Key Features
Modern Shared Ownership Home
Third Floor with Balcony
Two Double Bedrooms
Two Bath/Shower Rooms
Large Living Space
Allocated Parking Space
Particulars
Tenure: Leasehold
Lease Length: 118 years
Council Tax Band: C
Property Downloads
Floor Plan Energy CertificateMap
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: Yes
Outside Space/Garden: n/a
Year property was built: Enquire with provider
Unit size: Enquire with provider
Accessible measures: Enquire with provider
Heating: Enquire with provider
Sewerage: Enquire with provider
Water: Enquire with provider
Electricity: Enquire with provider
Broadband: Enquire with provider
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 £325,000, £4,063 Min Deposit. Calculated using a representative rate of 5.03%
