2 bedroom apartment for sale
Brompton Place, Frimley, GU16 9AH
Share percentage 50%, full price £300,000, £7,500 Min Deposit.
Share percentage 50%, full price £300,000, £7,500 Min Deposit
Monthly Cost: £1,429
Rent £444,
Service charge £170,
Mortgage £815*
Calculated using a representative rate of 4.78%
Calculate estimated monthly costs
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 £300,000 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 £150,000 with a 50% share!
Description
A ground floor apartment located at the edge of Pine Ridge Golf Club. This well presented property provides accommodation comprising two double bedrooms, modern bathroom and an open plan kitchen/dining/living space. There is allocated parking, ample visitors parking and a long lease.
This property is ideally situated within a short distance of Camberley Railway Station. You’ve got a compact cluster of shops—both Sainsbury’s and Morrisons—along with a pharmacy and a handful of eateries within comfortable walking distance. Leisure amenities include the pub and golf centre, plus a recreation ground and pool. Schools and transport hubs are easily accessible, making this a well-connected, family friendly area.
PRICING & AFFORDABILITY
Full Market Value: £300,000
50% Share Price: £150,000 (rent £444.31 pcm)
Minimum 5% Mortgage Deposit (50% share): £7,500
Approximate Service Charges: £169.57 pcm*
Lease: 119 years
Key Features
Modern shared ownership home
Ground floor apartment
Two double bedrooms
Close to station
Long lease
Allocated parking
Particulars
Tenure: Leasehold
Lease Length: 119 years
Council Tax Band: Not specified
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: Yes
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 50%, full price £300,000, £7,500 Min Deposit. Calculated using a representative rate of 4.78%
