2 bedroom apartment for sale
Abingdon Court, 9 Heathside Road, GU22 7EU
Share percentage 38%, full price £295,000, £5,605 Min Deposit.
Share percentage 38%, full price £295,000, £5,605 Min Deposit
Monthly Cost: £1,627
Rent £830,
Service charge £173,
Mortgage £624*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
ELIGIBILITY
Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.
To be eligible for shared ownership you would need to meet the following criteria:
• Your annual household income does not exceed £80,000
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.
*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.
** This home can also be purchased outright (100% of the value) which is £295,000 and a purchaser would not need to meet the eligibility criteria listed above.
Summary
This superb modern home is available to buy from as little as £112,100 with a 38% share!
Description
Shared Ownership
This superb modern home is available to buy from as little as £112,100 with a 38% share!
A spacious, well-presented apartment conveniently situated within walking distance of Woking town centre and mainline train station. This property is located on the third floor and offers bright, well-planned accommodation providing entrance hall with storage cupboards, two double bedrooms, bathroom, spacious double aspect living/dining room and a separate kitchen. There is a lease over 100 years and an allocated parking space.
Woking town centre is a vibrant and evolving hub in Surrey, offering a blend of modern amenities, cultural attractions, and green spaces. Victoria Place is a large shopping complex and Woking provides a variety of dining options.
Woking Railway Station provides direct services to London Waterloo in under 30 minutes, making it ideal for commuters. Woking town centre is approximately a 10-minute drive from the M25 (junction 11), M3 (junction 3), and the A3 (Ripley), providing convenient road access
PRICING & AFFORDABILITY
Full Market Value: £295,000
38% Share Price: £112,500 (rent £830.07 pcm)
Minimum 5% Mortgage Deposit (38% share): £5,605
Approximate Service Charges: £172.79 pcm*
Lease: 103 years
Key Features
Modern shared ownership home
Two double bedrooms
Double aspect living room
Separate kitchen
Allocated parking
103 year lease
Particulars
Tenure: Leasehold
Lease Length: 103 years
Council Tax Band: C
Property Downloads
Floor PlanMap
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: n/a
Outside Space/Garden: n/a
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 38%, full price £295,000, £5,605 Min Deposit. Calculated using a representative rate of 5.03%
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