Share Price £160,000 (from 50% Min. Share)

Full Value £320,000 | £8,000 Min. Deposit

Scheme: Shared Ownership Resales

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1 bedroom apartment in Richmond upon Thames

place Cloister Close, Teddington, TW11 9ND

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A one bedroom purpose built first floor flat located in Teddington


Description


Full Description

A one bedroom purpose built first floor flat located in Teddington available through Shared Ownership Scheme

Available for £160,000 for 50% share based on the marketing figure of £320,000

So Resi Monthly Payment- £298.14
Monthly Service Charge- £116.16
Total Monthly Charge- £414.36 PLUS MORTGAGE REQUIRED FOR 50% SHARE

a well presented first floor one bedroom flat in Teddington. The property consists of One double bedroom, modern kitchen,bathroom with 3 piece suite with shower over bath, lounge and hallway. Includes parking space and development grounds.

- Please note that applicants that live/ work in Richmond will be given priority.

Property Details

Hallway:

Kitchen:
Modern kitchen
3.09m x 2.08m

Lounge:
3.72m x 3.49m into bay + 0.74m x 1.14m

Bathroom:
3 piece suite with shower over bath

Bedroom 1:
3.62m x 2.68m + 0.68m x 1.70m

Gross Internal Area: 41m²

External:
Development grounds
1 allocated parking space

EPC Rating

Energy Rating Band- C
Environmental Impact Band- B

All room dimensions approximate.

Please note figures given for So Resi Monthly Payment and service charge are correct at time of marketing. There is an annual increase that takes place. Please refer to Resale Team for up to date information.


Key Features

Key Features

  • One Bedroom
  • First floor flat
  • Good condition
  • Allocated parking space
  • Double glazed windows
  • Walking distance to train station
  • Available for 50% shared ownership basis

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Calculate Monthly Cost

Share price
£ 160,000
Min. £160,000
Share percentage
Min. 50%
Your deposit
Min. £8,000
Monthly cost*
£1,211
Cost breakdown
£298
Rent
£116
Service charge
£797
Mortgage*
Calculated using a representative rate of 3.94%
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Location

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.