2 bedroom apartment for sale
Goddard House, 2 Hansler Grove, KT8 9FG
Share percentage 40%, full price £425,000, £17,000 Min Deposit.
Share percentage 40%, full price £425,000, £17,000 Min Deposit
Monthly Cost: £1,643
Rent £712,
Service charge £73,
Mortgage £858*
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 East Molesey
Description
This modern two-bedroom apartment, located at Goddard House in East Molesey, Surrey, is now available through shared ownership, offering a fantastic opportunity for first-time buyers or those looking to step onto the property ladder. The property features two spacious bedrooms, a bright open-plan living area with a modern kitchen, a stylish bathroom, and a private balcony, perfect for relaxing. The apartment benefits from energy-efficient construction, double-glazed windows, and an allocated parking space for added convenience. Situated in a well-maintained three-storey block, the property is in excellent condition and located in a desirable area close to local amenities, schools, and transport links, including Hampton Court Station for easy access to London. Shared ownership allows you to purchase a share of the property while paying rent on the remaining portion, making it an affordable route to homeownership. Viewings are highly recommended to appreciate this modern, low-maintenance home in a thriving community. Contact us today for more details or to arrange a viewing.
Particulars
Tenure: Leasehold
Lease Length: 121 years
Council Tax Band: D
Property Downloads
Energy CertificateMap
Material Information
Total rooms:
Furnished: Unfurnished
Washing Machine: Yes
Dishwasher: No
Fridge/Freezer: Yes
Parking: Yes - Allocated
Outside Space/Garden: Yes - Private Balcony
Year property was built: 2020
Unit size: 73
Accessible measures: Enquire with provider
Flooded within the last 5 years: No
Listed property: No
Heating: Gas
Sewerage: Mains supply
Water: Mains supply
Electricity: Mains supply
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 40%, full price £425,000, £17,000 Min Deposit. Calculated using a representative rate of 4.59%
