2 bedroom apartment for sale
Booth House, 1 Nettlefold Place, TW16 6BD
Share percentage 45%, full price £375,000, £16,875 Min Deposit.
Share percentage 45%, full price £375,000, £16,875 Min Deposit.
Monthly Cost: £1,363
Rent £347,
Service charge £164,
Mortgage £852*
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
2 Bedroom, First Floor Apartment Available on Shared Ownership In Sunbury On Thames
Description
Shared Ownership Opportunity – Spacious 2-Bedroom Apartment in Sunbury-On-Thames
Discover this well-presented, first-floor 2-bedroom apartment located in the charming riverside town of Sunbury-on-Thames, offering an ideal step onto the property ladder through a shared ownership scheme. Built in 2015, this modern residence combines comfort, convenience, and style, making it a perfect choice for first-time buyers or those looking to downsize.
Key Features:
- Living Space: The spacious living room, carpeted for warmth and comfort, offers an inviting area for relaxation and entertainment.
- Bedrooms: Two generously sized bedrooms, including a main bedroom with built-in wardrobes, providing ample storage.
- Kitchen: Modern kitchen with vinyl flooring, equipped with a built-in oven, hob, and extractor fan – ideal for all your culinary needs.
- Bathroom: Stylish bathroom with practical vinyl flooring for easy maintenance.
- Storage: Enjoy the convenience of multiple storage cupboards in both the hallway and living area, helping to keep your home organised and clutter-free.
- Additional Amenities: Features audio door entry for secure access and allocated parking, adding to the convenience of this property.
With its proximity to local amenities, transport links, and the picturesque River Thames, this property offers a balanced blend of town and riverside living.
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: C
Map
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 45%, full price £375,000, £16,875 Min Deposit. Calculated using a representative rate of 4.59%
