2 bedroom apartment for sale
Orchard Farm Avenue, Orchard Lane, KT8 0AJ
Share percentage 35%, full price £490,000, £8,575 Min Deposit.
Share percentage 35%, full price £490,000, £8,575 Min Deposit.
Monthly Cost: £1,935
Rent £905,
Service charge £75,
Mortgage £955*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in East Molesey, Surrey
Description
Modern residential and spacious apartment now available in East Molesey through Shared Ownership.
The property on the first floor comprises a wide living room, an open-plan fitted kitchen, and two good-sized bedrooms.
The flat was constructed circa 2019 and has allocated parking space, along with shared gardens in the residential court.
Key Information Document
Available for £171,500 for 35% share based on the marketing figure of £490,000.
Monthly rent - £904.92
Monthly Service Charge - £75.33
Total Monthly Charge - £980.25 plus mortgage required for 35% share.
An annual rent increase takes place every April
LocationThe property is located in the beautiful area of Molesey, in a tranquil residential area and with many green and natural parks and lakes.
There are also excellent transport links, thanks to the railway station just a short walk away, where a train can lead to London in less than an hour.
Road travel is also convenient, thanks to the highways nearby and the M3 and M25 motorways.
Several schools are available, many of which are within walking distance.
EPC ratingEnergy rating band - B
Environmental impact band - B
Years remaining on lease: 120
In certain cases, the remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.
Key Features
- Two-bedroom apartment
- Modern building (2019)
- Allocated parking space
- Great transport links
- Available for 35% share
- 5% minimum deposit only
Particulars
Tenure: Not specified
Council Tax Band: Not specified
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 £490,000, £8,575 Min Deposit. Calculated using a representative rate of 5.03%
