2 bedroom apartment for sale
Mallards House, Alder Court, GU51 5BD
Share percentage 30%, full price £255,000, £3,825 Min Deposit.
Share percentage 30%, full price £255,000, £3,825 Min Deposit.
Monthly Cost: £1,141
Rent £548,
Service charge £167,
Mortgage £426*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Fleet, Hampshire
Description
This bright, well decorated, tranquil two bedroom apartment is available in Fleet through Shared Ownership.
The property on the first floor comprises of an entrance hall with storage, a spacious living room with a modern open plan kitchen, two good sized bedrooms and a bathroom.
Outside, there is a .private balcony, allocated off street parking plus visitors parking. Perfect for couples and small families.
Available for £76,500 for 30% share based on the marketing figure of £255,000.
Monthly rent - £547.83
Monthly Service Charge - £167.31
Total Monthly Charge - £715.14 plus mortgage required for 30% share.
An annual rent increase takes place every April
LocationHampshire offers numerous advantages that enhance the quality of life for its residents. The location provides easy access to essential amenities, including shops, schools, and recreational facilities, making daily living convenient. Additionally, the surrounding area boasts beautiful green spaces, promoting outdoor activities and a sense of community.
The property itself is designed for comfort and modern living, ensuring a pleasant environment for families and individuals alike.
This neighborhood is well-connected by public transport, facilitating commutes to nearby towns and cities. Overall, residing in this area combines practicality with a vibrant lifestyle.
EPC ratingEnergy rating band - C
Environmental impact band - C
Years remaining on lease: 108
In certain cases, the remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.
Key Features
- Two bedroom apartment
- Modern kitchen
- Private balcony
- Allocated and visitors parking
- Available for 30% share
- 5% minimum deposit only
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor PlanMap
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 30%, full price £255,000, £3,825 Min Deposit. Calculated using a representative rate of 5.03%