2 bedroom apartment for sale
Maybery House, Sopwith Drive, GU14 6GP
Share percentage 40%, full price £275,000, £5,500 Min Deposit.
Share percentage 40%, full price £275,000, £5,500 Min Deposit.
Monthly Cost: £1,317
Rent £523,
Service charge £181,
Mortgage £613*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Farnborough, Hampshire
Description
This cozy, modern, well decorated two bedroom apartment is now available in Farnborough through Shared Ownership.
The property on the third floor comprises of an entrance hall, a spacious living room with a modern kitchen, two good sized bedrooms (one en-suite room), and a bathroom room.
Outside there is a private Juliette balcony and two allocated parking spaces. Perfect for couples and small families.
Key Information Document
Available for £110,000 for 40% share based on the marketing figure of £275,000.
Monthly rent - £522.80
Monthly Service Charge - £180.85
Total Monthly Charge - £703.65 plus mortgage required for 40% share.
An annual rent increase takes place every April
LocationThe apartment is located 1 mile south of Farnborough town center and benefits from the main road links of the A331 and M3. Local facilities include a gym, supermarkets, shops, restaurants, and pubs. There are 11 schools within 1.5 miles which is perfect for couples with small children. The nearest train stations are North Camp (1.2 miles), Farnborough (1.4 miles) and Ash Vale (1.6 miles).
EPC ratingEnergy rating band - B
Environmental impact band - B
Years remaining on lease: 119
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 kitchen
- En-suite bedroom
- Juliette balcony
- Two allocated parking spaces
- Available for 40% 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 40%, full price £275,000, £5,500 Min Deposit. Calculated using a representative rate of 5.03%
