2 bedroom apartment for sale
Goddard House, Hansler Grove, KT8 9FG
Share percentage 40%, full price £420,000, £16,800 Min Deposit.
Share percentage 40%, full price £420,000, £16,800 Min Deposit
Monthly Cost: £1,642
Rent £735,
Service charge £73,
Mortgage £834*
Calculated using a representative rate of 4.42%
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
Beautiful Apartment in East Molesey Available On Shared Ownership Scheme
Description
We are pleased to offer this superbly presented, modern two-bedroom ground-floor apartment, ideally located for the village amenities of East Molesey and within easy reach of Hampton Court’s boutique shops, cafés, pubs, restaurants, and mainline station.
The well-presented accommodation includes a spacious entrance hallway with wood-effect composite flooring and a deep built-in storage cupboard, a generously sized living area with a contemporary open-plan kitchen featuring integrated appliances, a large master bedroom with built-in wardrobe space, a second double bedroom, and a stylish white bathroom suite with chrome fittings, tiled flooring, and part-tiled walls.
Externally, the property benefits from a small balcony area, an allocated parking space, and access to a communal bike storage shed. It is available for purchase through shared ownership (subject to qualification)
Council Tax Band D.
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: D
Property Downloads
Floor Plan Energy CertificateMap
Material Information
Total rooms:
Furnished: Unfurnished
Washing Machine: Yes
Dishwasher: No
Fridge/Freezer: Yes
Parking: Yes - Allocated
Outside Space/Garden: Yes - Private Balcony
Year property was built: 2021
Unit size: 81 m2
Accessible measures: Enquire with provider
Heating: Gas
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 40%, full price £420,000, £16,800 Min Deposit. Calculated using a representative rate of 4.42%
