1 bedroom apartment for sale
2 Hampden Road, Kingston upon Thames, KT1 3AZ
Share percentage 40%, full price £345,000, £13,800 Min Deposit.
Share percentage 40%, full price £345,000, £13,800 Min Deposit.
Monthly Cost: £1,385
Rent £599,
Service charge £86,
Mortgage £700*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a One Bedroom Apartment, on a Shared Ownership (Part Buy/Part Rent) Basis, through Clarion Housing
Description
This generously-proportioned apartment is on the third floor (building has a lift) of a recently-built development and appears in excellent condition throughout. The property has a 27' open-plan kitchen/reception room with sleek units, integrated appliances and a door leading out to a south-facing balcony. There is a spacious bedroom with fitted wardrobe, a hallway utility cupboard and an attractive bathroom with limestone style tiles. Well insulated walls, high performance glazing and a modern gas central heating system make for a very good energy-efficiency rating. Norbiton Railway Station is just a short walk away and the centre of Kingston can also be easily reached on foot, via local bus or by brief cycle ride.
SHARED OWNERSHIP (Advertised price represents 40% share. Full market value £345,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [https://tinyurl.com/vxpr7pry]
(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: Clarion.
Tenure: Leasehold (125 years from 2019).
Minimum Share: 40% (£138,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £598.94 per month (subject to annual review).
Service Charge: £86.04 per month (subject to annual review).
Ground Rent: £100.00 for the year.
Guideline Minimum Income: Dual - £48,700 | Single - £53,500 (based on minimum share and 10% deposit).
Council Tax: Band D, The Royal (London) Borough of Kingston Upon Thames. 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). There is no parking space offered with this property.
Key Features
- Guideline Minimum Deposit £13,800
- Guideline Income £48.7k Dual | £53.5k Single
- Third Floor with Balcony
- Approx. 568 Sqft Gross Internal Area
- High Performance Glazing
- Gas Central Heating
- Communal Cycle Store
- Short Walk from Norbiton Station
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: D
Property Downloads
Floor Plan Brochure Energy CertificateMap
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 40%, full price £345,000, £13,800 Min Deposit. Calculated using a representative rate of 4.64%
