2 bedroom apartment for sale
Ethelred Court, Godstone Road, Whyteleafe, CR3 0GB
Share percentage 60%, full price £235,000, £14,100 Min Deposit.
Share percentage 60%, full price £235,000, £14,100 Min Deposit.
Monthly Cost: £1,094
Rent £144,
Service charge £238,
Mortgage £712*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a Two Bedroom Flat on a Shared Ownership (Part Buy/Part Rent) Basis
Description
A well-presented, two-bedroom flat in the Well Farm Heights development. This fourth-floor property has a twenty-one-foot, open-plan kitchen/reception room. There is a sleek, white-tiled bathroom, a spacious main bedroom plus a good-sized second double bedroom. Both bedrooms include a fitted wardrobe and well insulated walls, modern double glazing and gas central heating make for a good energy-efficiency rating. The flat comes with use of a parking space plus Ethelred Court is also just minutes from Whyteleafe South Station for rail services between Caterham and London Bridge. Nearby Manor Park offers green, open space to enjoy and there are several well-thought-of schools in the local area.
SHARED OWNERSHIP (Advertised price represents 60% share. Full market value £235,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/2cnr7e2t]
(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: A2Dominion.
Tenure: Leasehold (new 99-year lease to be issued on completion of sale).
Minimum Share: 60% (£141,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £143.92 per month (subject to annual review).
Service Charge: £238.43 per month (subject to annual review).
Guideline Minimum Income: Dual - £35,400 | Single - £41,600 (based on minimum share and 10% deposit).
Council Tax: Band C, Tandridge District 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).
Key Features
- Guideline Minimum Deposit £14,100
- Guide Min Income Dual £35.4k | Single £41.6k
- Top Floor (fourth, building has a lift)
- Approx. 620 Sqft Gross Internal Area
- Open Plan Kitchen/Reception Room
- Modern Double Glazing and Gas Central Heating
- Parking Space
- Minutes from Whyteleafe South Station
Particulars
Tenure: Leasehold
Lease Length: 99 years
Council Tax Band: C
Property Downloads
Floor Plan BrochureMap
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: Yes
Outside Space/Garden: n/a
Year property was built: Enquire with provider
Unit size: Enquire with provider
Accessible measures: Enquire with provider
Heating: Enquire with provider
Sewerage: Enquire with provider
Water: Enquire with provider
Electricity: Enquire with provider
Broadband: Enquire with provider
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 60%, full price £235,000, £14,100 Min Deposit. Calculated using a representative rate of 4.59%