1 bedroom apartment for sale
Maybery House, Sopwith Drive, GU14 6GP
Share percentage 60%, full price £225,000, £6,750 Min Deposit.
Share percentage 60%, full price £225,000, £6,750 Min Deposit.
Monthly Cost: £1,226
Rent £284,
Service charge £173,
Mortgage £769*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
Summary
A 1 bed shared ownership property available in Farnborough, Hampshire
Description
This cozy, bright, modern one-bedroom apartment is now available inFarnborough through Shared Ownership.
On the second floor, the property comprises an entrance hall, a living room with a spacious open-plan kitchen, a Juliet balcony, one bedroom, a large storage cupboard in the hallway, and a bathroom.
Outside is one allocated off-street parking space and access to a shared communal garden area.
Key Information Document
Available for £135,000 for 60% share based on the marketing figure of £225,000.
Monthly rent - £283.54
Monthly Service Charge - £172.97
Total Monthly Charge - £456.51 plus mortgage required for 60% share.
An annual rent increase takes place every April
LocationThe apartment is located 1 mile south of Farnborough town center and benefits from the main road links of the A331 and M3. Local facilities include a gym, supermarkets, shops, restaurants, and pubs. There are 11 schools within 1.5 miles which is perfect for couples with small children. The nearest train stations are North Camp (1.2 miles), Farnborough (1.4 miles) and Ash Vale (1.6 miles).
EPC ratingEnergy rating band - B
Environmental impact band - B
Gross internal floor area: 50 m²
Living room & kitchen: 7.06 x 4.19 m
Bedroom: 4.19 x 3.10 m
Years remaining on lease: 119
The remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.
Key Features
- One-bedroom apartment
- One allocated parking space
- Juliet balcony
- Good travel links
- Available for 60% share
- 5% minimum deposit only
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor PlanMap
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 60%, full price £225,000, £6,750 Min Deposit. Calculated using a representative rate of 5.26%
