1 bedroom apartment for sale

Available

Eaton House, St Lukes Square, GU1 3JP

£240,000 · Shared Ownership Resale

Share percentage 75%, full price £320,000, £36,000 Min Deposit.

Available
1 bedroom
1 Bathroom
Parking
Floor plan
floor-plan
Floor plan
floor-plan
£240,000 Shared Ownership Resale

Share percentage 75%, full price £320,000, £36,000 Min Deposit.

Monthly Cost: £1,169
Service charge £138, Mortgage £1,031*

Calculated using a representative rate of 3.59%

Calculate estimated monthly costs

£
Summary

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

Description

A great chance to buy a shared-ownership flat within easy walking distance of Guildford's picturesque town centre. The property is on the same level as the entrance but rearward-facing so effectively first-floor due to the height difference of the plot. There is a good-sized reception room with semi-open-plan kitchen. The bedroom is a comfortable double and the bathroom features attractive, limestone-style tiles. Well insulated walls, double glazed sash windows and gas central heating make for a good energy-efficiency rating. The flat comes with use of a parking space.

Please Note: Staircasing is not permitted on this property. Share percentage is capped at the 75% currently owned.

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM HERE https://tinyurl.com/y2a99ezd


(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: heylo.
  • Tenure: Leasehold (125 years from 1996).
  • Share Available (Capped): 75% (£240,000).
  • Shared Ownership Rent: N/A.
  • Combined Service Charge and Admin Fee: £137.88 per month (subject to annual review).
  • Ground Rent: £150.00 for the year.
  • Guideline Minimum Income: £45,500 (based on minimum share and 15% deposit).
  • Council Tax: Band C,Guildford 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

Key Features
  • Guideline Minimum Deposit £36,000
  • Guideline Income £45.5k
  • Ground Floor
  • Approx. 468 Sqft Gross Internal Area
  • Semi-Open Plan Kitchen/Reception
  • Double Glazing and Gas Central Heating
  • Parking Space
  • Walking Distance to Town Centre/Station
Particulars

Tenure: Not specified
Council Tax Band: Not specified

Property Downloads
Floor Plan Energy Certificate
Map
London Road (Guildford) (0.48 miles) Guildford Station (0.97 miles) Shalford (1.49 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.

£240,000
Shared Ownership Resale
Estimated Monthly Cost:£1,169
Rent £0
Service Charge £138
Mortgage £1,031

Share percentage 75%, full price £320,000, £36,000 Min Deposit. Calculated using a representative rate of 3.59%


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.