2 bedroom apartment for sale
Seven Stiles Court, Ranmore Path, Orpington, BR5 2GY
Share percentage 50%, full price £260,000, £13,000 Min Deposit.
Share percentage 50%, full price £260,000, £13,000 Min Deposit
Monthly Cost: £1,188
Rent £373,
Service charge £159,
Mortgage £656*
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-proportioned and well-presented, ground-floor flat which features a good-sized reception room with and semi-open-plan kitchen. There is a spacious main bedroom plus a second, slightly smaller, double bedroom and a simple, white-tiled bathroom. The energy-efficiency rating is good, thanks to well insulated walls, modern double glazing and gas central heating. The property comes with use of a parking space plus nearby St. Mary Cray Railway Station provides services to a number of destinations including in to London Victoria/Blackfriars. Nugent Shopping Park and a wide variety of surrounding stores are within easy reach and the National Trust areas of Petts Wood and Hawkwood are also in comfortable walking distance. The local primary school, which was Ofsted-reviewed in May 2024 and rated 'Good', is just minutes away.
SHARED OWNERSHIP (Advertised price represents 50% share. Full market value £260,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/3w5djsda]
(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 04/10/2007).
Minimum Share: 50% (£130,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £373.17 per month (subject to annual review).
Service Charge: £158.84 per month (subject to annual review).
Guideline Minimum Income: Dual - £38,800 | Single - £45,000 (based on minimum share and 10% deposit).
Council Tax: Band C, London Borough of Bromley. 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 £13,000
- Guide Min Income Dual £38.8k | Single £45k
- Ground Floor
- Approx. 630 Sqft Gross Internal Area
- Semi-Open Plan Kitchen/Reception
- Modern Double Glazing and Gas Central Heating
- Parking Space
- Short Walk from St Mary Cray Station
Particulars
Tenure: Leasehold
Lease Length: 107 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: No
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 50%, full price £260,000, £13,000 Min Deposit. Calculated using a representative rate of 4.59%