Shared Ownership in Addlestone, Surrey 2 bedroom Flat

  • £325,000

    Equity share: 60% / £195,000

Witley House
For Sale Shared Ownership

Shared Ownership in Addlestone, Surrey 2 bedroom Flat

Witley House
  • £325,000

    Equity share: 60% / £195,000

Property Overview

  • Flat
  • Property Type
  • 2
  • Bedrooms
  • 2
  • Bathrooms

Property Description

Shared Ownership

This superb modern home is available to buy from as little as £195,000 with a 60% share!

An extremely spacious two double bedroom apartment situated in desirable Addlestone One and enjoying a large balcony with views over a courtyard garden. Offering approaching 90 sq m of contemporary accommodation, this superb property comprises two large double bedrooms, two luxuriously appointed bath/shower rooms, a high-spec contemporary kitchen which is open-plan with a generous living space with doors opening to a private balcony. Further benefits include secure entry and an allocated parking space with Addlestone train station less than ½ mile away.

PRICING & AFFORDABILITY

Approximate Size: 964 sq ft

Full Market Value: £325,000

60% Share Price: £195,000 (rent £426.46 pcm)
Minimum 5% Mortgage Deposit (60% share): £10,500
Approximate Service Charges: £190.30 pcm*
Shared Ownership Lease: approx. 117 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.

Property Address

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  • Address Witley House
  • City Addlestone
  • County Surrey
  • Postal Code KT15 2GF

Details

Updated on May 30, 2024 at 10:40 am
  • Property ID: MS-125227
  • Rental Amount Per Month: £426/Month
  • Bedrooms: 2
  • Bathrooms: 2
  • Property Type: Flat
  • Property Status: For Sale, Shared Ownership
  • Estimated Monthly Service Charge (£): 190.30
  • Value Of The Equity Share: 60% / £195,000
  • Overall Property Value: £325,000
  • Tenure: Leasehold
  • Council Tax Band: C
  • Length of Lease: 117

Contact SOWN about: Shared Ownership in Addlestone, Surrey 2 bedroom Flat

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