1 bedroom apartment for sale
12 Skerne Road, Kingston Upon Thames, KT2 5AD
Share percentage 25%, full price £340,000, £8,500 Min Deposit.
Share percentage 25%, full price £340,000, £8,500 Min Deposit
Monthly Cost: £1,013
Rent £397,
Service charge £187,
Mortgage £429*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Eligibility Criteria for Shared Ownership
To qualify for a Shared Ownership home, there are a few key requirements you need to meet:
- Age: You must be at least 18 years old.
- Income: If you live outside of London, your total household income must be less than £80,000 per year. In London, the income cap is £90,000 per year.
- Property Ownership: You cannot currently own another home. Shared Ownership is mainly for first-time buyers, but if you do own a property (in the UK or abroad), you need to be in the process of selling it.
- Affordability: You should not be able to afford to buy a suitable home on the open market.
- Financial History: You must have a good credit history, with no outstanding debts or County Court Judgements (CCJs), and show that you can afford the payments and costs involved.
- Deposit & Costs: Typically, you’ll need a deposit of 5-10% of the share you're purchasing and access to around £4,000 to cover additional costs like legal fees and surveys, although this figure can vary.
Who Gets Priority for Shared Ownership?
Shared Ownership is available to anyone who meets the eligibility criteria, including first-time buyers, people looking to move up, downsize, or relocate. While there are no priority groups in areas where Shared Ownership homes are in short supply, military personnel and former members of the Armed Forces (discharged within the last two years) are given priority under government schemes.
In some cases, local authorities may require that applicants who live or work in the area be given preference, depending on local planning policies.
Affordability & Eligibility Check
Each applicant will need to complete an affordability and eligibility check with an independent mortgage advisor. Once you submit an enquiry, we will send you a link to start this process.
Summary
A Modern One Bedroom Apartment Available On Shared Ownership In Kingston Upon Thames
Description
This stylish and well-presented one-bedroom apartment offers an ideal opportunity to get on the property ladder in the heart of Kingston Upon Thames. Available through shared ownership, with a minimum share of 25%, the home combines modern living with excellent connectivity and a vibrant local community.
Located within a contemporary development, the apartment features a bright open-plan living and kitchen area complete with a built-in oven, hob and extractor fan, integrated fridge freezer, and a freestanding washing machine. The living spaces are carpeted throughout, with hard-wearing ceramic tiling in the kitchen and bathroom for a sleek and practical finish.
The spacious double bedroom offers a relaxing retreat, while the modern bathroom is well-appointed with quality fittings. A handy storage cupboard in the hallway provides additional convenience. Further benefits include gas central heating and a video door entry system for added security.
Parking is available on a licence basis, and residents also enjoy secure entry, lift access, and well-maintained communal areas.
With Kingston’s vibrant town centre, riverside walks, excellent schools, and superb transport links to Central London all within easy reach, this property offers the perfect blend of comfort, convenience, and affordability.
Key financials:
Minimum share: 25%
Rent: £396.59 per month
Service charge: £186.50 per month
Ground rent: £100 per annum
Ideal for first-time buyers—don’t miss the chance to make this fantastic home your own.
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: C
Property Downloads
Energy CertificateMap
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: No
Outside Space/Garden: n/a - Private Balcony
Year property was built: Enquire with provider
Unit size: Enquire with provider
Accessible measures: Enquire with provider
Heating: Enquire with provider
Sewerage: Enquire with provider
Water: Enquire with provider
Electricity: Enquire with provider
Broadband: Enquire with provider
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 £340,000, £8,500 Min Deposit. Calculated using a representative rate of 4.59%
