Share percentage 50%, full price £250,000, £12,500 Min Deposit.
Monthly Cost: £1,110
Rent £312,
Service charge £167,
Mortgage £631*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Are you eligible for a Shared Ownership home?
Eligibility will vary depending on which property you are looking at purchasing, the property size and whether there are any criteria imposed by the local authority.
General Shared Ownership eligibility criteria
- You must be aged 18 or older.
- Your annual household income if buying outside of London must be less than £80,000.
- Your annual household income if buying in London must be less than £90,000.
- You will normally be a first time buyer or be in the process of selling your home. You must not own any other property at the time you buy your new home.
- You should not be able to afford to buy a home on the open market which is suitable for your housing needs.
- You must be able to show you are not in rent or mortgage arrears.
- You must be able to demonstrate that you have a good credit history (no County Court Judgements or bad debts) and can afford the costs and regular payments involved in buying a home.
Please note: You should always check the eligibility required with the specific development, as there may be specific criteria.
Priority for Shared Ownership:In some instances, priority for Shared Ownership properties can be given to applicants:
- That work for the Armed Forces / Ministry of Defence.
- Who are council and housing association tenants.
- Who live or work in the borough in which the property is located over those who currently live or work outside it.
- On some developments, secondary priority is given to applicants who live or work in the neighbouring borough
Summary
Spacious and well-presented, this 1-bedroom apartment is thoughtfully designed for both comfort and convenience, offering the perfect blend of style and functionality.
Description
This well-presented 1-bedroom apartment has been thoughtfully designed to provide both comfort and convenience.
The heart of the home is the open-plan kitchen, living, and dining room, creating the perfect space for relaxation and entertaining guests. The kitchen features contemporary fitted units with integrated appliances, including a dishwasher and fridge freezer.
A private balcony extends the living area, offering an ideal spot for outdoor dining or simply enjoying fresh air, with the added benefit of a natural breeze flowing into the space on warm summer days.
The spacious double bedroom provides ample room for storage, while additional storage options can be found in the hallway, which houses generous cupboards, including a utility cupboard with a washing machine. The adjacent bathroom is finished to a high specification, complementing the apartment's overall design. Large floor-to-ceiling windows allow you to enjoy beautiful views of the surrounding green parkland, enhancing the serene atmosphere of this modern home.
Key Features
- Spacious double bedroom
- Storage space
- Open-plan kitchen
- Utility cupboard with a washing machine
- Generous cupboards space
- Features contemporary fitted units with integrated appliances
- Large floor-to-ceiling windows
- Private balcony
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: Not specified
Property Downloads
Floor Plan Energy CertificateMap
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 £250,000, £12,500 Min Deposit. Calculated using a representative rate of 4.59%
