2 bedroom apartment for sale
Printing House Square, GU1 4AJ
Share percentage 35%, full price £340,000, £5,950 Min Deposit.
Share percentage 35%, full price £340,000, £5,950 Min Deposit.
Monthly Cost: £1,681
Rent £567,
Service charge £451,
Mortgage £663*
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 £340,000 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 £134,750 with a 35% share!
Description
A first floor apartment located within easy reach of Guildford town centre and its wealth of amenities. This bright and spacious two bedroom property provides a modern fully fitted kitchen which is open plan with a spacious reception room, two large double bedrooms and a bathroom.
Outside, there are well maintained landscaped communal gardens and there is gated underground parking where this property benefits from one allocated space.
NB. The service charge includes water, buildings insurance, a caretaker service and cleaning and maintenance of the communal areas & gardens
Guildford is a vibrant, bustling market town situated in the centre of the county of Surrey within easy reach of Heathrow and Gatwick Airports, and with excellent rail links to London (40 minutes) and served by the M25, M3 and A3. The town centre offers a variety of entertainment venues, including The Yvonne Arnaud Theatre and G Live, as well as excellent shopping opportunities and a variety of restaurants and bars. The town is situated close to the Surrey Hills Area of Outstanding Natural Beauty for walking, taking in views over the town, the Surrey countryside and the London skyline.
PRICING & AFFORDABILITY
Full Market Value: £340,000
35% Share Price: £119,000 (rent £566.56pcm)
Minimum 5% Mortgage Deposit (35% share): £5950
Approximate Service Charges: £450.70pcm*
Shared Ownership Lease: approx. 83 years
Council Tax Band: C
Key Features
Modern shared ownership home
Two double bedrooms
First floor
Secure underground allocated parking
Open plan kitchen/living space
No onward chain
Particulars
Tenure: Leasehold
Lease Length: 83 years
Council Tax Band: C
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 £340,000, £5,950 Min Deposit. Calculated using a representative rate of 5.03%
