1 bedroom apartment for sale

Available

Magnolia House, Spelthorne Grove, TW16 7FA

£159,000 · Shared Ownership Resale

Share percentage 60%, full price £265,000, £15,900 Min Deposit.

Available
1 bedroom
1 Bathroom
Private Balcony/Terrace
Parking
Floor plan
floor-plan
Floor plan
floor-plan
£159,000 Shared Ownership Resale

Share percentage 60%, full price £265,000, £15,900 Min Deposit.

Monthly Cost: £1,111
Rent £276, Service charge £94, Mortgage £741*

Calculated using a representative rate of 3.82%

Calculate estimated monthly costs

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Summary

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

Description

This large and stylishly-presented apartment is on the second floor and features a reception room with balcony and attractive, open-plan kitchen area. There is a generously-sized bedroom with fitted wardrobe, a sleek, modern bathroom and a spacious hallway with useful storage/utility cupboards. Well insulated walls, gas central-heating and high-performance glazing make for a very good energy-efficiency rating. The apartment comes with use of a parking space plus Sunbury Railway Station (for services between Shepperton and London Waterloo) is only a short walk away. Sunbury Cross Shopping Centre is even closer and there is also a Tesco Extra nearby.

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM https://tinyurl.com/5xjxdpav

(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 2015)
Minimum Share:60% (£159,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent:£275.63 per month (subject to annual review).
Service Charge:£94.08 per month, including sinking fund (subject to annual review).
Guideline Minimum Income:Dual £32,900 | Single £38,100 (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 £15,900
  • Guideline Income Dual £32.9k | Single £38.1k
  • Second Floor with Balcony
  • Approx. 640 Sqft Gross Internal Area
  • High Performance Glazing
  • Gas Central Heating
  • Parking Space
  • Short Walk from Sunbury Station
Particulars

Tenure: Not specified
Council Tax Band: Not specified

Property Downloads
Floor Plan Brochure Energy Certificate
Map
Sunbury (0.37 miles) Upper Halliford (0.50 miles) Kempton Park (0.69 miles)
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 costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.

NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.

£159,000
Shared Ownership Resale
Estimated Monthly Cost:£1,111
Rent £276
Service Charge £94
Mortgage £741

Share percentage 60%, full price £265,000, £15,900 Min Deposit. Calculated using a representative rate of 3.82%


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.