2 bedroom apartment for sale
Maple House, Oaks Lane, KT23 3FD
Share percentage 55%, full price £385,000, £10,588 Min Deposit.
Share percentage 55%, full price £385,000, £10,588 Min Deposit.
Monthly Cost: £1,842
Rent £468,
Service charge £167,
Mortgage £1,207*
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.
Summary
This superb modern home is available to buy from as little as £211,750 with a 55% share!
Description
Built in 2017 by the highly regarded Shanly Homes is this modern ground floor apartment within an exclusive gated development. The accommodation features an open plan lounge/kitchen/diner with double doors opening outside, two bedrooms, bathroom and an allocated parking space.
Situated within walking distance of Bookham Station and about ¾ of a mile from Bookham Village which offers an excellent selection of local shops including two supermarkets, butchers, two bakers, a fishmongers as well as two health centres, a Post Office, public library and village hall. At the end of the road is a main bus route together with Bookham Station which provides regular services into Central London (Waterloo) and Guildford. There is an abundance of beautiful countryside nearby including Bookham Common which is looked after by the National Trust and provides acres of mature woodland with many miles of bridleways and public footpaths ideal for the walking enthusiast.
Key Features
Modern Shared Ownership home
Ground floor
Short walk from Bookham train station
Open plan lounge/kitchen/diner
Allocated parking
Surrounded by areas of ‘Outstanding Natural Beauty’
Particulars
Tenure: Leasehold
Lease Length: 119 years
Council Tax Band: D
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 55%, full price £385,000, £10,588 Min Deposit. Calculated using a representative rate of 5.26%
