2 bedroom apartment for sale
37 Margaret House, Lealands Drive, TN22 1FH
Share percentage 75%, full price £166,667, £12,500 Min Deposit.
Share percentage 75%, full price £166,667, £12,500 Min Deposit
Monthly Cost: £1,255
Service charge £624,
Mortgage £631*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
To be eligible for Extra Care Shared Equity you must meet the relevant age criteria for the scheme, this will either be over 55 or over 60. Please note the minimum share available is always 75% and rent is not payable on the unowned share.
To apply, please complete the following steps:
Applicants must complete an expression of interest form and arrange to view the property, this can be found in the downloads tab.
Upon request, applicants must provide supporting documentation noted on the Expression of Interest form so a thorough affordability assessment can be carried out. It is a Saxon Weald requirement that applicants have a maximum of £500,000 available to them in savings, assets and sale proceeds at the time of applying. Applicants who exceed this amount will be automatically declined unless there are exceptional circumstances. Please ask for further details.
If the affordability assessment is successful a Scheme and Care Manager assessment is to be carried out.
On successful completion of both assessments above, applicants will be issued with a formal offer to purchase which will need to be accepted alongside a reservation fee of £500.
Summary
A two-bedroom, second floor apartment available on a 75% share at £125,000.
Description
Full description
A two-bedroom, second floor apartment available on a 75% share at £125,000. Apartments at Margaret House are comfortable and well thought out. Each property is fitted with easy-grip lever taps, and sockets and switches positioned at a suitable height to assist mobility. Bathrooms feature level access showers with folding seat, non-slip flooring and handrails. Council Tax Band C.
Service charges
A monthly service charge of £624.14 (subject to final confirmation) which includes the buildings insurance, hot water and heating costs for the year 1 April 2025 - 31 March 2026.
Apartment features
modern fitted kitchen with built-in oven, hob and extractor
double-glazing
level-access shower with folding seat, non-slip flooring and handrails to asist mobility
fully wheelchair accessible
off-road parking
Key Features
- Two-bedroom apartment
- Second floor
- Living Room with a Juliette balcony
- Separate kitchen area
- Wet room with level access shower
- Residents' lounge
- Communal garden
- Wheelchair accessible
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: C
Property Downloads
Key Information Document Brochure Brochure 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: Yes - Communal
Outside Space/Garden: Yes
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 75%, full price £166,667, £12,500 Min Deposit. Calculated using a representative rate of 4.59%
