2 bedroom apartment for sale
Lyme Regis Court, Lyme Regis Road, SM7 2PT
Share percentage 50%, full price £325,000, £8,125 Min Deposit.
Share percentage 50%, full price £325,000, £8,125 Min Deposit.
Monthly Cost: £1,622
Rent £539,
Service charge £178,
Mortgage £905*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Banstead, Surrey
Description
This modern and bright two bedroom apartment is now available in Banstead through Shared Ownership.
The property in the first floor comprises of a spacious living room, a sperate modern kitchen, two bedrooms, a separate toilet and a bathroom.
Outside, there a private Juliette balcony accessible via the living room, and allocated off road parking. Perfect for couples or a small family.
Available for £162,500 for 50% share based on the marketing figure of £325,000.
Monthly rent - £538.66
Monthly Service Charge - £178.38
Total Monthly Charge - £717.04 plus mortgage required for 50% share.
An annual rent increase takes place every April
LocationThe property is situated within a residential location in an area known as Banstead in South-West London close to the area of Epsom and to the north of junction 8 of the M25 Motorway and to the south of Sutton. The property is within a short driving distance of local amenities such as schools, health clinics,shops, and open spaces. Tattenham Corner and Epsom Downs railway stations are within a 10-minute driving distance of the property and have regular connections to London Bridge station.
EPC ratingEnergy rating band - B
Environmental impact band - B
Years remaining on lease: 122
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
- Private Juliette balcony
- Modern kitchen
- Allocated parking
- Available for 50% 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 50%, full price £325,000, £8,125 Min Deposit. Calculated using a representative rate of 5.03%
