2 bedroom apartment for sale
Calloway House, Coombe Way, Farnborough, GU14 7FT
Share percentage 40%, full price £200,000, £8,000 Min Deposit.
Share percentage 40%, full price £200,000, £8,000 Min Deposit.
Monthly Cost: £1,053
Rent £428,
Service charge £221,
Mortgage £404*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a Two Bedroom Flat on a Shared Ownership (Part Buy/Part Rent) Basis
Description
This modern, two-bedroom flat is on the second floor and has a twenty-two-foot reception room with semi-open-plan kitchen. The bedrooms are both good-sized doubles and there is a simple, white-tiled bathroom. Calloway House has been built to high energy-efficiency standards and features a communal heating and hot water system. A raised courtyard/garden is provided for residents use. The development is close to the town centre so there are supermarkets and numerous other shops in the local area. The private car park includes a space allocated to this flat plus Farnborough Railway Station, for trains to Basingstoke, Portsmouth Harbour or London Waterloo, is only a few minutes walk away. Alternatively Farnborough North Station offers services between Reading and Gatwick Airport.
SHARED OWNERSHIP (Advertised price represents 40% share. Full market value £200,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [HERE; https://tinyurl.com/p5hpywww]
(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)
Housing Association: A2Dominion.
Tenure: Leasehold (125 years from 20/09/2007).
Minimum Share: 40% (£80,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £428.03 per month (subject to annual review).
Service Charge: £221.17 per month (subject to annual review).
Guideline Minimum Income: Dual - £31,900 | Single - £38,200 (based on minimum share and 10% deposit).
Council Tax: Band C, Rushmoor Borough Council. Priority is given to applicants living and/or working in this local authority.
This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone. Pets not permitted (except assistance animals).
Key Features
- Guideline Minimum Deposit £8,000
- Guide Min Income Dual £31.9k | Single £38.2k
- Second Floor (building has a lift)
- Approx. 760 Sqft Gross Internal Area
- Semi-Open-Plan Kitchen/Reception Room
- Very Good Energy-Efficiency Rating
- Parking Space
- Short Walk to Town Centre/Station
Particulars
Tenure: Leasehold
Lease Length: 108 years
Council Tax Band: C
Property Downloads
Floor Plan BrochureMap
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 40%, full price £200,000, £8,000 Min Deposit. Calculated using a representative rate of 4.59%