2 bedroom apartment for sale

Shared Ownership

This superb modern home is available to buy from as little as £90,000 with a 25% share!

An extremely spacious two double bedroom apartment set on the third floor of desirable Addlestone One and enjoying a large balcony with views over a courtyard garden. Offered to the market with no onward chain and a lease of approximately 118 years

Offering over 80 Sq.M of contemporary accommodation, this superb property comprises two large double bedrooms, two luxuriously appointed bath/shower rooms, a well specced kitchen open-plan with a generous living space and the aforementioned balcony.

Further benefits include secure entry, an allocated parking space and a host of amenities close-by, including coffee shops, Waitrose, Tesco and Addlestone railway station.

Full market Value £325,000
25% Share Price: £81,250 (rent £764.28 pcm)
Minimum 5% Mortgage Deposit (% share): £4062.50
Approximate Service Charges: £179.69pcm*
Shared Ownership Lease: approx. 118 years
Council Tax Band: C

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 £325,000 and a purchaser would not need to meet the eligibility criteria listed above.