2 bedroom apartment for sale
Ascot House, 30 Mill Mead, Staines-upon-Thames, TW18 4QP
Share percentage 45%, full price £440,000, £19,800 Min Deposit.
Share percentage 45%, full price £440,000, £19,800 Min Deposit.
Monthly Cost: £1,830
Rent £493,
Service charge £332,
Mortgage £1,005*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a Two Bedroom Apartment on a Shared Ownership (Part Buy/Part Rent) Basis
Description
This spacious apartment is on the third floor of a very recently-built block and appears in excellent condition throughout. The property has a twenty-three-foot reception with open-plan kitchen area featuring gloss white units and integrated appliances. A large, sliding door allows access to a large, south/south-east-facing balcony. There is a main bedroom with en-suite shower room plus a generously-sized second bedroom, a stylish, high-spec bathroom and a pair of storage/utility cupboards in the entrance hallway. Well insulated walls, high performance glazing and a communal heating/hot water system make for a very good energy-efficiency rating. Ascot House has communal gardens and an underground car park which includes a space for this apartment. The town centre and main shopping district are close by and Staines Railway Station, for services between Reading/Weybridge/Windsor & Eton Riverside and London Waterloo, is also only a short walk away.
SHARED OWNERSHIP (Advertised price represents 45% share. Full market value £440,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [HERE; http://tinyurl.com/48s7fe33]
(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 (990 years from 2019).
Minimum Share: 45% (£198,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £492.65 per month (subject to annual review).
Service Charge: £331.92 per month (subject to annual review).
Guideline Minimum Income: Dual - £69,300 | Single - £76,300 (based on minimum share and 10% deposit).
Council Tax: Band D, Spelthorne Borough Council. 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).
Key Features
- Guideline Minimum Deposit £19,800
- Guide Min Income - Dual £69.3k Single £76.3k
- Third Floor with Balcony
- Approx. 817 Sqft Gross Internal Area
- High Performance Glazing
- Bathroom plus En-Suite Shower Room
- Parking Space
- Very Long Lease
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: D
Property Downloads
Key Information Document Floor Plan BrochureMap
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 45%, full price £440,000, £19,800 Min Deposit. Calculated using a representative rate of 4.64%