1 bedroom apartment for sale
Colt Way, Bramley, GU5 0EX
Share percentage 25%, full price £265,000, £6,625 Min Deposit.
Share percentage 25%, full price £265,000, £6,625 Min Deposit.
Monthly Cost: £1,070
Rent £594,
Service charge £142,
Mortgage £334*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a One Bedroom Flat on a Shared Ownership (Part Buy/Part Rent) Basis
Description
This smartly-presented flat forms one half of the upper floor of a recently-constructed, detached building. Internal features include a spacious, dual-aspect, open-plan kitchen/reception room with wood flooring. There is a good-sized bedroom with fitted wardrobe, a naturally-lit bathroom and a useful, built-in storage cupboard in the entrance hallway. Well insulated walls, roof and floor, high performance glazing and a modern gas central heating system have resulted in a very good energy-efficiency rating. One of the car ports is demised to this flat plus there is space in front for an additional car and also a gated, timber-fenced area to the side of the block, which can be used for outside storage. Bramley High Street is only a few minutes walk away and Guildford around a fifteen minute drive to the north (Google Maps).
SHARED OWNERSHIP (Advertised price represents 25% share. Full market value £265,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [https://tinyurl.com/jcnjmf6f]
(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 01/09/2019).
Minimum Share: 25% (£66,250). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £594.17 per month (subject to annual review).
Service Charge: £141.84 per month (subject to annual review).
Guideline Minimum Income: Dual - £32,200 | Single - £38,400 (based on minimum share and 10% deposit).
Council Tax: Band C, Waverley 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 £6,625
- Guideline Minimum Income - dual £32,200 | single £38,400
- First (Top) Floor
- Approximately 548 Sqft Gross Internal Area
- Spacious, Dual-Aspect Reception Room
- Very Good Energy-Efficiency Rating
- Car Port plus Additional Space in Front
- Short Bus/Bike Ride from Shalford Station
Particulars
Tenure: Leasehold
Lease Length: 120 years
Council Tax Band: C
Property Downloads
Key Information Document 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 25%, full price £265,000, £6,625 Min Deposit. Calculated using a representative rate of 4.59%