2 bedroom apartment for sale
Pelman House, Pelman Way, KT19 8HH
Share percentage 40%, full price £330,000, £13,200 Min Deposit.
Share percentage 40%, full price £330,000, £13,200 Min Deposit.
Monthly Cost: £1,466
Rent £482,
Service charge £314,
Mortgage £670*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
You can buy a home through shared ownership if both of the following are true:
-Your household income is £80,000 a year or less (£90,000 a year or less in London)
-You cannot afford all of the deposit and mortgage payments for a home that meets your needs
One of the following must also be true:
-You’re a first-time buyer
-You used to own a home but cannot afford to buy one now
-You’re forming a new household - for example, after a relationship breakdown
-You’re an existing shared owner, and you want to move
-You own a home and want to move but cannot afford a new home that meets your needs
For some homes you may have to show that you live in, work in, or have a connection to the area where you want to buy the home.
Summary
1st Floor Two Bedroom Purpose Built Flat.
Description
1st Floor two bedroom purpose built flat
Traditional brick cavity wall construction and tiled pitched roof.
Located above the commercial unit of Tesco Express this flat offers the convenience of the local shops on its doorstep.
Key Features
- Entrance hallway with storage.
- Open plan kitchen/sitting room
- Bathroom
- Two bedrooms.
- Gas Central Heating throughout. Glow worm gas boiler. Radiators to all main rooms.
- All windows and the exterior door are double glazed.
- Juliette balcony.
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: C
Map
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 £330,000, £13,200 Min Deposit. Calculated using a representative rate of 4.64%
