3 bedroom house for sale
Sherbrooke Way, , KT4 8FJ
Share percentage 35%, full price £575,000, £20,125 Min Deposit.
Share percentage 35%, full price £575,000, £20,125 Min Deposit.
Monthly Cost: £1,915
Rent £774,
Service charge £120,
Mortgage £1,021*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
Summary
A 3 bed shared ownership property available in Worcester Park, Kingston
Description
Spacious three-bedroom house across two floors, now available for Shared Ownership in Worcester Park. This is a great opportunity for a family who enjoys living in a big house.
The first ground floor comprises a large living room and open-plan kitchen. Up the stairs, to the first floor, we can find the three bedrooms, with the biggest one having its own private bathroom, being an ensuite.
For a total of three, the other two shared restrooms are a bathroom upstairs and a smaller WC on the ground floor.
The house benefits from a private garage with parking. A large rear garden is also present.
Minimum income required: £74,509
This is reduced if a larger deposit is available.
More shares can be purchased, from a minimum of 5%.
Available for £201,250 for 35% share based on the marketing figure of £575,000.
Monthly rent - £774.05
Monthly Service Charge - £120.14
Total Monthly Charge - £894.19 plus mortgage required for 35% share.
An annual rent increase takes place every April
Layout and dimensionsGross internal floor area: 96m²
Living room & kitchen: 9.17 x 5.18 m
Bedroom 1: 5.13 x 3.51 m
Bedroom 2: 3.51 x 2.87 m
Bedroom 3: 2.44 x 2.26 m
Garage: 5.82 x 2.74 m
Lease informationYears remaining on lease: 87
The remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.
EPC ratingEnergy band rating - C
Environmental impact rating - C
Key Features
- Three bedrooms
- Two floors
- Garage Parking
- Less than an hour to London
- Available for 35% share
- 5% minimum deposit
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor PlanMap
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 35%, full price £575,000, £20,125 Min Deposit. Calculated using a representative rate of 4.64%
