1 bedroom apartment for sale

Available

Elton House, 36 Electric Close, Godalming, GU7 1WQ

£133,750 · Shared Ownership Resale

Share percentage 50%, full price £267,500, £13,375 Min Deposit.

Available
1 bedroom
1 Bathroom
Private Balcony/Terrace
Parking
Floor plan
floor-plan
Floor plan
floor-plan
£133,750 Shared Ownership Resale

Share percentage 50%, full price £267,500, £13,375 Min Deposit.

Monthly Cost: £1,157
Rent £346, Service charge £132, Mortgage £679*

Calculated using a representative rate of 4.64%

Calculate estimated monthly costs

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Summary

A Fantastic Opportunity to Purchase a One Bedroom Flat on a Shared Ownership Basis

Description

This smartly-presented flat is on the first floor and has a near twenty-five-foot, triple-aspect kitchen/reception room with attractive flooring, sleek, white units and integrated appliances. Double doors lead out onto the balcony. There is a spacious bedroom with fitted, mirror-fronted wardrobe, a stylish bathroom and a storage/utility cupboard in the entrance hallway. Demanding insulation standards and high performance glazing help to keep energy costs down. There is a large Sainsbury's nearby, Godalming town centre is only a short walk away and the railway station is within easy reach. The property comes with use of a parking space with charging point for an electric vehicle and is held on a very long lease.

SHARED OWNERSHIP (Advertised price represents 50% share. Full market value £267,500).

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/358w8rjb]

(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: Heylo. Heylo Housing requires that all applicants must have a permanent right to reside in the UK.
Tenure: Leasehold (999 years less 6 days from 01/01/2022).
Minimum Share: 50% (£133,750).
Shared Ownership Rent: £346.32 per month (subject to annual review).
Service Charge + Management Fee: £131.65 per month (subject to annual review).
Guideline Minimum Income: Dual - £37,500 | Single - £43,800 (based on minimum share and 10% deposit).
Council Tax: Band C, Waverley 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 £13,375
  • Guide Min Income Dual £37.5k | Single £43.8k
  • First Floor with Balcony
  • Approx. 551 Sqft Gross Internal Area
  • High Performance Glazing
  • Open Plan Kitchen/Reception Room
  • Parking Space with EV Charging Point
  • Very Long Lease
Particulars

Tenure: Leasehold
Lease Length: 996 years
Council Tax Band: C

Property Downloads
Floor Plan Brochure
Map
Godalming (0.58 miles) Farncombe (0.81 miles) Milford (Surrey) (2.04 miles)
Monthly Cost Calculator

The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.

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  • 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.

£133,750
Shared Ownership Resale
Estimated Monthly Cost:£1,157
Rent £346
Service Charge £132
Mortgage £679

Share percentage 50%, full price £267,500, £13,375 Min Deposit. Calculated using a representative rate of 4.64%


Disclaimer
The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.