Share Price £87,500 (from 25% Min. Share)

Full Value £350,000 | £4,375 Min. Deposit

Scheme: Shared Ownership Resales

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1 bedroom apartment in Richmond upon Thames

place Amelia House, Strand Drive, TW9 4EZ

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One bedroom flat available in Richmond through Shared Ownership Scheme


Description


Full Description

A 1 bedroom flat available through Shared Ownership Scheme

Available for £87,500 for 25% share based on the marketing figure of £350,000

So Resi Monthly Payment- £493.42
Monthly Service Charge- £194.82
Total Monthly Charge- £688.24 PLUS MORTGAGE REQUIRED FOR 25% SHARE

-Please note that applicants that live/work in the local authority of Richmond will be given priority.

A modern flat in good condition. The accommodation comprises of entrance hall with fitted storage/airingcupboard, bathroom with wc, bedroom with fitted wardrobe, reception room and kitchen. Outside there are well keptcommunal grounds and areas, communal bin and bike stores and an allocated parking space. The propertyalso benefits from double glazing and electric central heating.

Property Details:

Entrance Hall
Storage/airing cupboard

Bathroom with wc
Three piece white suite
Shower over bath

Bedroom
2.86 x 3.57
Fitted wardrobe

Reception room
3.05 x 5.22

Kitchen
3.05 x 2.53
Good range of units
Electric hob
Cooker
Built in washer dryer and fridge freezer

Outside
Well-kept communal grounds and areas
Communal bin and bike stores
Allocated parking space.

EPC Rating

Energy Rating Band- B
Environmental Impact Band- C

All room dimensions approximate.

Please note figures given for rent and service charge are correct at time of marketing. There is an annual increasethat takes place. Please refer to Resale Team for up to date information.


Key Features

  • Second floor flat
  • One bedroom
  • Good condition
  • Double glazing and electric heating
  • Close to Kew
  • Available on 25% shared ownership basis

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Calculate Monthly Cost

Share price
£ 87,500
Min. £87,500
Share percentage
Min. 25%
Your deposit
Min. £4,375
Monthly cost*
£1,110
Cost breakdown
£493
Rent
£195
Service charge
£422
Mortgage*
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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.

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together:

  • 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 costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.


NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.