2 bedroom apartment for sale
25 Sullivan Road, Camberley, GU15 3BF
Share percentage 45%, full price £240,000, £5,400 Min Deposit.
Share percentage 45%, full price £240,000, £5,400 Min Deposit.
Monthly Cost: £1,153
Rent £421,
Service charge £117,
Mortgage £615*
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.
To be eligible for shared ownership you would need to meet the following criteria:
• 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.
*Service charges are estimated and may subject to change.
** This home can also be purchased outright (100% of the value) which is £240,000 and a purchaser would not need to meet the eligibility criteria listed above.
Summary
This superb modern home is available to buy from as little as £108,000 with a 45% share!
Description
Westminster Mansions is conveniently situated in a popular location, close to local amenities and within walking distance of the town centre and Camberley Train Station. Situated on the top floor and benefiting from a private balcony and allocated parking, the accommodation features an open plan lounge/kitchen/diner, two double bedrooms and a bathroom.
Camberley is ideally situated thirty-five miles southwest of central London on the A30 and within easy access of junctions 3 & 4 of the M3 motorway. There are regular trains from London to Camberley and fast trains from Farnborough to Waterloo (45 minutes). Camberley offers a good variety of high street retailers and The Atrium complex has a nine-screen cinema, bowling alley, health & fitness club, cafés and restaurants, whilst nearby The Meadows has superstores including Marks and Spencer and Next. Camberley Heath Golf Course offers excellent facilities along with Camberley Cricket Club and the Camberley Theatre. There is a wide range of well-respected schools in both the state and private sectors.
PRICING & AFFORDABILITY
Approximate Size: 69 sq m
Full Market Value: £240,000
45% Share Price: £108,000 (rent £420.98pcm)
Minimum 5% Mortgage Deposit (% share): £5,400
Approximate Service Charges: £117.47pcm*
Shared Ownership Lease: approx. 117 years
Council Tax Band: C
Key Features
Modern Shared Ownership home
Two double bedrooms
Balcony Allocated
parking
Top floor (4th)
No onward chain
Particulars
Tenure: Leasehold
Lease Length: 117 years
Council Tax Band: C
Property Downloads
Floor Plan 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 45%, full price £240,000, £5,400 Min Deposit. Calculated using a representative rate of 5.26%
