2 bedroom apartment for sale
Cunliffe Court, Elliston Way, KT21 2FG
Share percentage 40%, full price £360,000, £7,200 Min Deposit.
Share percentage 40%, full price £360,000, £7,200 Min Deposit
Monthly Cost: £1,581
Rent £549,
Service charge £250,
Mortgage £782*
Calculated using a representative rate of 4.78%
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 £360,000 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 £144,000 with a 40% share!
Description
This superb modern home is available to buy from as little as £144,000 with a 40% share!
Situated in a well-maintained two-storey building, this beautifully presented first floor apartment offers spacious and comfortable living in a sought-after location.
The property features two generous bedrooms, a contemporary bathroom, and a bright open-plan kitchen/living area, ideal for both relaxing and entertaining. The modern kitchen comes fully fitted with ample storage and integrated appliances.
Additional benefits include allocated parking for residents, secure entry, and well-kept communal areas.
Located in the Ashtead area, you're within easy reach of Ashtead village with its charming high street, independent cafes, restaurants, and convenient local shops. Larger supermarkets and retail outlets can be found nearby in Leatherhead and Epsom.
For commuters, Ashtead Station is just a short distance away, offering direct links to London Waterloo and Victoria, making this an ideal home for professionals. The A24 and M25 are also easily accessible for travel by car.
Surrounded by greenery, local parks, and walking trails, the area combines peaceful residential living with excellent transport and amenities.
PRICING & AFFORDABILITY
Full Market Value: £360,000
40% Share Price: £144,000 (rent £548.77pcm)
Minimum 5% Mortgage Deposit (40% share): £7,200
Approximate Service Charges: £249.78pcm*
Lease: 84 Years
Key Features
Modern Shared Ownership Apartment
Two Bedrooms
One Bathroom
Open Plan Living
Residents Parking
Particulars
Tenure: Leasehold
Lease Length: 84 years
Council Tax Band: D
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 40%, full price £360,000, £7,200 Min Deposit. Calculated using a representative rate of 4.78%
