2 bedroom apartment for sale
Power Close, GU1 1EJ
Share percentage 25%, full price £285,000, £3,563 Min Deposit.
Share percentage 25%, full price £285,000, £3,563 Min Deposit.
Monthly Cost: £1,351
Rent £789,
Service charge £156,
Mortgage £406*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
Application process: If you wish to proceed with an application, a financial assessment must be completed. This forms part of Home Group’s buyer approval process. The assessments are carried out remotely by The Mortgage People. Once you have confirmed an interest in purchasing a property, the contact details will be made available.
We will not carry out any credit checks or contact any reference agencies without your written consent.
Current homeowners: Anyone who currently owns a home must have a sale agreed to apply.
Pets: Domestic pets such as cats and dogs are not permitted in flats.
Summary
2 bed apartment in Guildford- can you afford to miss out?
Description
***Please quote POW104 when enquiring***
- The exciting stuff! -
Tired of renting with nothing to show for it? Don’t miss this opportunity to step on the property ladder. You’ll be spoilt for choice with an abundance of convenience on your doorstep with this two-bed apartment. Enjoy a sunny afternoon in the popular Stoke Park or evening dinner in Guildford town centre. What are you waiting for?
- What’s it all about? -
Shared ownership is a government backed scheme that can be a stepping stone to completely owning your own home. If you’re finding it difficult to save for a deposit this is a great option as the amount you’ll need is based on the share you’re buying. With a deposit of 5% its more affordable, just £3,562 for a 25% share!
Also an option to purchase up to 100% leasehold- the more shares you own, the less rent you pay! At 100% ownership, no rent is payable.
- The need-to-know bits -
PRICE- *£71,250
RENT- £789.42pm
SERVICE CHARGE- £155.91pm**
*This represents a 25% share of the full open market value of £285,000
**This includes: Service charge and management fee and are reviewed annually.
Tenure: Leasehold
Lease: 99 years from 1 October 2004
Years remaining on lease: approx. 80 years
Application process: If you wish to proceed with an application, a financial assessment must be completed. This forms part of Home Group’s buyer approval process. The assessments are carried out remotely by The Mortgage People. Once you have confirmed an interest in purchasing a property, the contact details will be made available.
We will not carry out any credit checks or contact any reference agencies without your written consent.
Current homeowners: Anyone who currently owns a home must have a sale agreed to apply.
Pets: Domestic pets such as cats and dogs are not permitted in flats.
Key Features
- Available under the shared ownership scheme or 100% leasehold- you will not want to miss this one!
- *Only £71,250 for a 25% share*
- Viewing is highly recommended
- Everything you need right on your doorstep!
- Ready for you to put your own stamp on
- Allocated parking space
- Guildford town centre is within easy reach
- The commute is easy with major routes including the A3 and M25 nearby
- Call us today on 0191 7311445 to find out more!
Particulars
Tenure: Leasehold
Lease Length: 80 years
Council Tax Band: C
Property Downloads
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 25%, full price £285,000, £3,563 Min Deposit. Calculated using a representative rate of 5.26%
