1 bedroom apartment for sale

Available

Lucas Drive, West End, Woking, GU24 9GG

£98,000 · Shared Ownership Resale

Share percentage 35%, full price £280,000, £9,800 Min Deposit.

Available
1 bedroom
1 Bathroom
Private Garden
Parking
Floor plan
floor-plan
Floor plan
floor-plan
£98,000 Shared Ownership Resale

Share percentage 35%, full price £280,000, £9,800 Min Deposit.

Monthly Cost: £1,072
Rent £532, Service charge £45, Mortgage £495*

Calculated using a representative rate of 4.59%

Calculate estimated monthly costs

£
Summary

A Fantastic Opportunity to Purchase a One-Bedroom Garden-Flat on a Shared Ownership (Part Buy/Part Rent) Basis

Description

This attractive property forms the ground floor of detached and recently-constructed building. A private entrance and hallway lead to a twenty-foot, dual-aspect reception with a smart, open-plan kitchen area and an under-stairs storage cupboard. The generously-sized bedroom features a fitted wardrobe and double doors that provide access to the garden. The bathroom is simple yet stylish and well insulated walls and floor, high performance glazing and a modern gas central heating system make for a very good energy-efficiency rating. The flat comes with an allocated parking space, just beyond the garden gate, and the M3 is less than a ten-minute drive away (Google Maps). Both Bagshot and Woking town centres are within easy reach.

SHARED OWNERSHIP (Advertised price represents 35% share. Full market value £280,000).

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/3jpu3c8p]

(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 01/12/2019).
Minimum Share: 35% (£98,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £532.15 per month (subject to annual review).
Service Charge: £44.53 per month (subject to annual review).
Guideline Minimum Income: Dual - £33,200 | Single - £39,400 (based on minimum share and 10% deposit).
Council Tax: Band C, Surrey Heath 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.

Key Features
  • Guideline Minimum Deposit £9,800
  • Guide Min Income Dual £33.2k | Single £39.4k
  • Ground Floor with Private Entrance
  • Approx. 528 Sqft Gross Internal Area
  • Dual Aspect Kitchen/Reception Room
  • Very Good Energy-Efficiency Rating
  • Private Garden
  • Parking Space
Particulars

Tenure: Leasehold
Lease Length: 120 years
Council Tax Band: C

Property Downloads
Key Information Document Floor Plan Brochure
Map
Brookwood (2.49 miles) Bagshot (2.97 miles) Longcross (3.55 miles)
Monthly Cost Calculator

The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.

Read More Read Less
  • 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.

£98,000
Shared Ownership Resale
Estimated Monthly Cost:£1,072
Rent £532
Service Charge £45
Mortgage £495

Share percentage 35%, full price £280,000, £9,800 Min Deposit. Calculated using a representative rate of 4.59%


Disclaimer
The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.