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2 bedroom apartment for sale

Available

Palmer Court, 5 Pitcher Lane, Ashford, TW15 2DY

£140,000 · Shared Ownership Resale

Share percentage 40%, full price £350,000, £14,000 Min Deposit.

Available
2 bedrooms
2 Bathrooms
Private Balcony
Parking
Floor plan
floor-plan
Floor plan
floor-plan
£140,000 Shared Ownership Resale

Share percentage 40%, full price £350,000, £14,000 Min Deposit

Monthly Cost: £1,526
Rent £557, Service charge £262, Mortgage £707*

Calculated using a representative rate of 4.59%

Calculate estimated monthly costs

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Summary

A Fantastic Opportunity to Purchase a Two Bedroom Apartment on a Shared Ownership (Part Buy/Part Rent) Basis

Description

This well-proportioned apartment is on the ground floor and has a spacious entrance hall with large storage/utility cupboard. The twenty-three-foot reception room features a stylish, open-plan kitchen with handle-less units and integrated appliances. At the other end of the room, a glazed door leads out onto an east/south-east-facing balcony. The height difference across the site means that the balcony is raised above the street level. There is a main bedroom with fitted wardrobe and en-suite shower room plus a second, good-sized, double bedroom and an attractive, high-spec bathroom. Demanding insulation standards, high performance glazing and a communal heating and hot water system have resulted in a very good energy-efficiency rating. Palmer Court has a well-maintained communal garden and is only a short walk from Ashford Railway Station, for services between Weybridge/Windsor & Eton Riverside and London Waterloo. The property comes with a parking space plus use of the communal cycle store.

SHARED OWNERSHIP (Advertised price represents 40% share. Full market value £350,000).

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/mvjd337b]

(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 25/03/2020).
Minimum Share: 40% (£140,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £557.28 per month (subject to annual review).
Service Charge: £261.53 per month (subject to annual review).
Guideline Minimum Income: Dual - £52,500 | Single - £60,300 (based on minimum share and 10% deposit).
Council Tax: Band D, 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 £14,000
  • Guide Min Income Dual £52.5k | Single £60.3k
  • Ground Floor with Balcony
  • Approx. 756 Sqft Gross Internal Area
  • Very Good Energy Efficiency Rating
  • Communal Garden
  • Parking Space
  • Short Walk from Ashford Station
Particulars

Tenure: Leasehold
Lease Length: 119 years
Council Tax Band: D

Property Downloads
Floor Plan Brochure
Map
Ashford Surrey (0.25 miles) Staines (1.66 miles) Heathrow Terminal 4 (1.87 miles)
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: 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

Monthly Cost Calculator

The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.

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  • 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.

£140,000
Shared Ownership Resale
Estimated Monthly Cost:£1,526
Rent £557
Service Charge £262
Mortgage £707

Share percentage 40%, full price £350,000, £14,000 Min Deposit. Calculated using a representative rate of 4.59%


Disclaimer
The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.