1 bedroom apartment for sale
Ascot House, 30 Mill Mead, Staines, TW18 4QZ
Share percentage 55%, full price £360,000, £19,800 Min Deposit.
Share percentage 55%, full price £360,000, £19,800 Min Deposit.
Monthly Cost: £1,446
Rent £282,
Service charge £164,
Mortgage £1,000*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a One Bedroom Apartment on a Shared Ownership (Part Buy/Part Rent) Basis
Description
This stylish apartment is on the ninth floor of a recently-built development and appears in excellent condition throughout. The property has a twenty-three-foot reception with open-plan kitchen area featuring gloss-white units and integrated appliances. A sliding door leads out onto a west/south-west-facing balcony. There is a good-sized bedroom, an attractive bathroom and a pair of storage/utility cupboards. Well insulated walls, high performance glazing and a communal heating/hot water system make for a very good energy-efficiency rating. The town centre and main shopping district are close by and Staines Railway Station, for services between Reading/Weybridge/Windsor & Eton Riverside and London Waterloo, is also only a short walk away. Residents of Ascot House can make use of the communal roof terrace and benefit from very long leases.
SHARED OWNERSHIP (Advertised price represents 55% share. Full market value £360,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/2dv4k4yk]
(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 (990 years from 01/01/2019).
Minimum Share: 55% (£198,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £281.81 per month (subject to annual review).
Service Charge: £163.87 per month (subject to annual review).
Guideline Minimum Income: Dual - £51,100 | Single - £58,600 (based on minimum share and 10% deposit).
Council Tax: Band C, Spelthorne 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. Pets not permitted (except assistance animals). There is no parking space offered with this property.
Key Features
- Guideline Minimum Deposit £19,800
- Guide Min Income Dual £51.1k | Single £58.6k
- Ninth Floor with Balcony
- Approx. 480 Sqft Gross Internal Area
- High Performance Glazing
- Communal Heating and Hot Water System
- Close to Town Centre/Railway Station
- Very Long Lease
Particulars
Tenure: Leasehold
Lease Length: 985 years
Council Tax Band: C
Property Downloads
Key Information Document Floor Plan BrochureMap
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 55%, full price £360,000, £19,800 Min Deposit. Calculated using a representative rate of 4.59%