1 bedroom apartment for sale
Bonwick Court, Hansler Grove, KT8 9FF
Share percentage 40%, full price £325,000, £13,000 Min Deposit.
Share percentage 40%, full price £325,000, £13,000 Min Deposit.
Monthly Cost: £1,288
Rent £502,
Service charge £130,
Mortgage £656*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Eligibility Criteria for Shared Ownership
To qualify for a Shared Ownership home, there are a few key requirements you need to meet:
- Age: You must be at least 18 years old.
- Income: If you live outside of London, your total household income must be less than £80,000 per year. In London, the income cap is £90,000 per year.
- Property Ownership: You cannot currently own another home. Shared Ownership is mainly for first-time buyers, but if you do own a property (in the UK or abroad), you need to be in the process of selling it.
- Affordability: You should not be able to afford to buy a suitable home on the open market.
- Financial History: You must have a good credit history, with no outstanding debts or County Court Judgements (CCJs), and show that you can afford the payments and costs involved.
- Deposit & Costs: Typically, you’ll need a deposit of 5-10% of the share you're purchasing and access to around £4,000 to cover additional costs like legal fees and surveys, although this figure can vary.
Who Gets Priority for Shared Ownership?
Shared Ownership is available to anyone who meets the eligibility criteria, including first-time buyers, people looking to move up, downsize, or relocate. While there are no priority groups in areas where Shared Ownership homes are in short supply, military personnel and former members of the Armed Forces (discharged within the last two years) are given priority under government schemes.
In some cases, local authorities may require that applicants who live or work in the area be given preference, depending on local planning policies.
Affordability & Eligibility Check
Each applicant will need to complete an affordability and eligibility check with an independent mortgage advisor. Once you submit an enquiry, we will send you a link to start this process.
Summary
Modern One Bedroom Ground Floor Apartment in East Molesey, Surrey – Available for Shared Ownership (40% Share)
Description
This modern 1-bedroom ground floor apartment, part of a contemporary three-storey building built in 2020, offers a fantastic opportunity to own a share in a highly desirable area. Available through a shared ownership scheme with a 40% share, this property makes stepping onto the property ladder more accessible.
The apartment features a bright open-plan living area with high-quality flooring in the kitchen, hallway, and living spaces. The modern kitchen is fitted with integrated appliances, including a fridge/freezer, washing machine, and a built-in oven, hob, and extractor. This practical design ensures convenience in daily living.
The bedroom is generously sized and includes fitted wardrobes for ample storage. The bathroom is finished with sleek grey stone tiling and features a shower over the bath. Additional features include gas central heating and a video door entry system for security.
Enjoy your own private balcony, as well as the benefit of an allocated parking space. The property also offers access to well-maintained communal gardens and shared outdoor areas.
Situated in East Molesey, this apartment is ideally located near local amenities, transport links, and green spaces, offering a peaceful yet convenient lifestyle.
Don’t miss out on this excellent opportunity to own a modern home through shared ownership.
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: C
Property Downloads
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 40%, full price £325,000, £13,000 Min Deposit. Calculated using a representative rate of 4.59%
