1 bedroom apartment for sale
Oaklands House, KT10 9NP
Share percentage 30%, full price £395,000, £5,925 Min Deposit.
Share percentage 30%, full price £395,000, £5,925 Min Deposit.
Monthly Cost: £1,443
Rent £634,
Service charge £134,
Mortgage £675*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.
At Oaklands Park you can buy a minimum 30% share of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.
To be eligible for this shared ownership development you would need to meet the following criteria:
• There is a local area connection requirement at this development. Purchasers MUST live and/or work within the local borough of Elmbridge and all applications will need to be approved by the council who will need to confirm your local area connection.
• Your annual household income does not exceed £80,000.
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.
Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.
Summary
Brand new Shared Ownership
Description
Discover your perfect home at the Oaklands House complex, nestled in picturesque green landscaping. Choose from a carefully curated collection of one, two and three-bedroom homes, with selected apartments boasting a desirable private terrace, and all with allocated parking.
Oaklands Park is surrounded by lush green spaces and perfectly placed to make the most of the glorious Surrey countryside, with picturesque towns such as Hinchley Wood, Cobham and Kingston upon Thames all close by. Whether you want a day at nearby Sandown Park Racecourse, a round of golf at Sandown Golf Centre or a casual stroll round the regal grounds of Hampton Court Palace, Oaklands Park offers a truly enviable lifestyle.
When you want to travel for work or leisure, Esher has excellent transport connections. The many cultural, culinary and sporting delights of London are 23 minutes by train from the town’s station, a mile away. The M25 is 5 miles via the A3, opening up the motorway network to the capital and beyond. While Heathrow Airport is located within 30 minutes.
From Oaklands Park’s prestigious entrance to the elegant communal gardens and the dedicated children’s play area, Shanly Homes’ signature attention to detail is obvious. These apartments are elegant both inside and out, ensuring you’ll be proud to call Oaklands Park home.
Key Features
Brand new Shared Ownership home
Parking
Excellent travel links
High quality specification
Open plan lounge/kitchen/diner
Underfloor heating
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 30%, full price £395,000, £5,925 Min Deposit. Calculated using a representative rate of 5.26%
