1 bedroom apartment for sale
Palmer Court, 5 Pitcher Lane, Ashford, TW15 2DY
Share percentage 45%, full price £280,000, £12,600 Min Deposit.
Share percentage 45%, full price £280,000, £12,600 Min Deposit.
Monthly Cost: £1,202
Rent £406,
Service charge £160,
Mortgage £636*
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
A generously-sized, one-bedroom apartment on the first floor of this recently-constructed development. The property has a reception room with attractive, open-plan kitchen area featuring handle-less units and integrated appliances. A glazed door leads out onto a balcony that overlooks the communal garden and an area of grass beyond. There is fitted wardrobe in the bedroom and additional storage space in the large, hallway utility cupboard. The bathroom is sleek and modern and the energy-efficiency rating very good, thanks to well insulated walls, high performance glazing and a communal heating/hot water system. The apartment comes with a space in the basement car park plus access to the communal cycle store. Alternatively, Ashford Railway Station which offers services between Weybridge / Windsor & Eton Riverside and London Waterloo, is only a short walk away.
SHARED OWNERSHIP (Advertised price represents 45% share. Full market value £280,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/yc8b5z33]
(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 (125 years from 24/06/2021).
Minimum Share: 45% (£126,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £406.48 per month (subject to annual review).
Service Charge: £160.42 per month (subject to annual review).
Guideline Minimum Income: Dual - £39,200 | Single - £45,500 (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).
Key Features
- Guideline Minimum Deposit £12,600
- Guide Min Income Dual £39.2k | Single £45.5k
- First Floor
- Approx. 548 Sqft Gross Internal Area
- Balcony Overlooking Communal Garden
- Very Good Energy-Efficiency Rating
- Secure, Covered Parking Space
- Short Walk from Ashford Station
Particulars
Tenure: Leasehold
Lease Length: 122 years
Council Tax Band: C
Property Downloads
Floor Plan BrochureMap
Material Information
Total rooms:
Furnished: Unfurnished
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: Yes - Covered
Outside Space/Garden: Yes - Private Balcony
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 45%, full price £280,000, £12,600 Min Deposit. Calculated using a representative rate of 4.59%