2 bedroom apartment for sale
Woodlock Court, Threadneedle Road, GU9 7QZ
Share percentage 25%, full price £365,000, £4,563 Min Deposit.
Share percentage 25%, full price £365,000, £4,563 Min Deposit.
Monthly Cost: £1,377
Rent £624,
Service charge £233,
Mortgage £520*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
PRICING & AFFORDABILITY
Full Market Value: £365,000
25% Share Price: £91,250 (rent £624pcm)
Minimum 5% Mortgage Deposit (25% share): £4,563
Approximate Service Charges: £233pcm*
Shared Ownership Lease: approx. 143 years
Council Tax Band: D
ELIGIBILITY
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. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.
** This home can also be purchased outright (100% of the value) which is £365,000 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 £91,250 with a 25% share!
Description
Shared Ownership
This superb modern home is available to buy from as little as £91,250 with a 25% share!
Situated within ½ mile walk of Farnham train station and close to local amenities is this spacious second floor apartment. The accommodation includes an open plan lounge/kitchen/diner, two double bedrooms, bathroom and allocated residents parking.
Farnham is perfectly located for the very best of living in the heart of this vibrant market town. Everything you need is within walking distance, including a wide choice of shops, bars, restaurants, beautiful parks and gardens. For everyday essentials, Waitrose and Sainsbury's are close by. High street brands and independent boutiques are found in the distinctive shopping areas of this market town, with more planned in this brand new development. For nights out, you are spoilt for choice with numerous fashionable bars and restaurants.
The station provides a regular train service to London Waterloo within the hour and also to Guildford. There is also excellent road access to the A3 and A31 with principal routes to London, Heathrow and Gatwick International airports and south coast utilising the national motorway network of the M3 and M25.
Key Features
Modern Shared Ownership home
2nd Floor
Allocated parking
Two double bedrooms
Open plan lounge/kitchen/diner
Close to local amenities
Particulars
Tenure: Leasehold
Lease Length: 143 years
Council Tax Band: D
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 25%, full price £365,000, £4,563 Min Deposit. Calculated using a representative rate of 5.26%
