2 bedroom apartment for sale

Available

11 Skerne Road, Kingston upon Thames, KT2 5FL

£123,750 · Shared Ownership Resale

Share percentage 25%, full price £495,000, £12,375 Min Deposit.

Available
2 bedrooms
1 Bathroom
Private Balcony/Terrace
Floor plan
floor-plan
Floor plan
floor-plan
£123,750 Shared Ownership Resale

Share percentage 25%, full price £495,000, £12,375 Min Deposit.

Monthly Cost: £1,635
Rent £923, Service charge £87, Mortgage £625*

Calculated using a representative rate of 4.59%

Calculate estimated monthly costs

£
Summary

A Fantastic Opportunity to Purchase a Two Bedroom Apartment on a Shared Ownership (Part Buy/Part Rent) Basis

Description

This spacious apartment is on the sixth floor (one floor above podium level) and features a reception room with open-plan kitchen area. A sliding door leads out onto a south-facing balcony which overlooks the raised communal garden. At eighteen foot long, the two bedrooms are very generously-sized. There is a simple, white-tiled bathroom and a fitted storage/utility cupboard has been provided in the entrance hallway. Well insulated walls, modern double glazing and underfloor heating supplied from a communal system make for a very good energy-efficiency rating. Kingston Railway Station is just minutes away, The Bentall Centre is close by along with a great range of other shops and there are many highly-rated schools in the local area. The Thames lies just to the west of Skerne Road with Hampton Court Park within easy walking distance.

SHARED OWNERSHIP (Advertised price represents 25% share. Full market value £495,000).

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/bddsttdx]

(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: Clarion.
Tenure: Leasehold (125 years from 09/08/2012).
Minimum Share: 25% (£123,750). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £923.20 per month (subject to annual review).
Service Charge: £86.90 per month (subject to annual review).
Ground Rent: £200.00 for the year.
Guideline Minimum Income: Dual - £56,400 | Single - £64,800 (based on minimum share and 10% deposit).
Council Tax: Band E, Royal (London) Borough of Kingston Upon Thames. 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). There is no parking space offered with this property.

Key Features
  • Guideline Minimum Deposit £12,375
  • Guide Min Income Dual £56.4k | Single £64.8k
  • Sixth Floor (building has a lift)
  • Approx. 798 Sqft Gross Internal Area
  • Overlooks Communal Garden
  • South Facing Balcony
  • Minutes from Kingston Railway Station
  • Great Range of Shops and Schools Nearby
Particulars

Tenure: Leasehold
Lease Length: 113 years
Council Tax Band: E

Property Downloads
Key Information Document Floor Plan Brochure
Map
Kingston (0.24 miles) Hampton Wick (0.31 miles) Norbiton (0.95 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.

£123,750
Shared Ownership Resale
Estimated Monthly Cost:£1,635
Rent £923
Service Charge £87
Mortgage £625

Share percentage 25%, full price £495,000, £12,375 Min Deposit. Calculated using a representative rate of 4.59%


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.