2 bedroom apartment for sale

Under Offer

Bramley Vale, GU6 7FY

£81,250 · Shared Ownership Resale

Share percentage 25%, full price £325,000, £8,125 Min Deposit.

Under Offer
2 bedrooms
1 Bathroom
Communal Garden
Parking
£81,250 Shared Ownership Resale · Eligibility Eligibility

Share percentage 25%, full price £325,000, £8,125 Min Deposit.

Monthly Cost: £993
Rent £483, Service charge £114, Mortgage £396*

Calculated using a representative rate of 4.24%

Calculate estimated monthly costs

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Eligibility

You may be eligible for this property if:

  • You have a gross household income of no more than £80,000 per annum.
  • You are unable to purchase a suitable home to meet your housing needs on the open market.
  • You do not already own a home or you will have sold your current home before you purchase or rent.
Summary

Available through our resale shared ownership scheme, a first floor, two-bedroom apartment in Surrey.

Description

The property comprises a private entrance, open plan kitchen and reception, fitted kitchen with a mix of integrated and standalone appliances, two bedrooms, family bathroom with shower over bath and hallway storage cupboard.

The property also benefits from access to a communal garden and allocated parking.

Lease: Commenced 2021 with 999-year term

Council Tax Band: Waverley Council - C

Gross Internal Area: 818 sq.ft.

FINANCIAL INFORMATION

Property Value = £325,000

Percentage Share = 25%

Share Price = £81,250

Monthly Ground Rent = £20.83

*Monthly Rent = £482.53

*Monthly Service Charge = £114.36

**Monthly Mortgage Payment = £494

***Annual Household Income = £38,000

*Please note the rent and service charge is reviewed annually 01 April.

** Based on a 90%, 25-year repayment mortgage with an interest rate at 6.5%.

***Is based on a 10% mortgage deposit. If you have a higher deposit Hyde New Homes can discuss how the salary required is reduced (approximately every 5% extra deposit reduces the salary required by £1,200).

Your home may be at risk if you do not keep up your mortgage and rent repayments. Particulars give an overall description of the property and are not intended to constitute an offer or form part of any contract. Areas, distances or measurements referred to are approximate. For confirmation of property details refer to the terms of the lease and plans from your solicitor. Hyde New Homes Resale properties are sold as seen, photographs and details (excluding financial information) are provided by the leaseholder. Please note that the Resales Team have not visited this property.

Contact us now to arrange a viewing:

Please call our Sales Team on 0345 606 1221 and providethe following information:

Your Contact Number/Email

Your Hyde New Homes or Help to Buy reference number**

Your Deposit for the mortgage

If it is a Single/Joint application (if married it must be joint)

Your Current salary (single/Joint where applicable)

Do you have any children? If so, how many?

Do you own any pets? If so, what?

Are you a current homeowner?

**To obtain a Hyde New Homes Reference number, choose ‘My Hyde’ to register/login on our website and complete the online application. A reference number will be emailed to you once the application is completed.

Please know you may be asked additional information to determine your eligibility, affordability, and your priority as a candidate.

We often receive a high level of interest and aim to respond to enquiries within 3 working days. Please call our sales team if you haven't heard from us within this time.

Key Features

LOCAL AREA INFORMATION

  • Located on the outskirts of the historical village of Cranleigh, this property is surrounded by rolling green fields.
  • The locality is served by 42 and 53 bus which take you to Guildford Station which is served by national rail.
  • There are a variety of primary, secondary and specialist schools in the surrounding area.
  • The centre of Cranleigh is accessible by car in just over 5 minutes and has a wide range of amenities including an M & S food hall, other supermarkets, a pharmacy, a hospital and medical practice, a post office, and the well-provided Cranleigh Library. In addition, Cranleigh Leisure Centre has a gym, sports courts, and a swimming pool. On Thursdays, visit Cranleigh Market for local produce ad artisanal foods.
Particulars

Tenure: Leasehold
Council Tax Band: C

Property Downloads
Energy Certificate
Map
Chilworth (4.87 miles) Gomshall (5.11 miles) Shalford (5.73 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 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.

£81,250
Shared Ownership Resale
Estimated Monthly Cost:£993
Rent £483
Service Charge £114
Mortgage £396

Share percentage 25%, full price £325,000, £8,125 Min Deposit. Calculated using a representative rate of 4.24%


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.