Shared Ownership in Knaphill, Woking 1 bedroom Apartment

  • £220,000

    Equity share: 40% / £88,000

Royal Court
For Sale Shared Ownership

Shared Ownership in Knaphill, Woking 1 bedroom Apartment

Royal Court
  • £220,000

    Equity share: 40% / £88,000

Property Overview

  • Apartment
  • Property Type
  • 1
  • Bedroom
  • 1
  • Bathroom

Property Description

We are pleased to bring to the market this 1 bedroom Apartment Shared Ownership. It is situated in Knaphill, Woking and is available now

This superb modern home is available to buy from as little as £88,000 with a 40% share!

Situated within the highly sought-after area of Knaphill is this first floor apartment, available through the Shared Ownership scheme. The accommodation includes: entrance hall, a spacious open plan lounge/diner with access through to a fitted kitchen, a large double bedroom and a bathroom. Externally are communal gardens and off road parking.

Knaphill village has a vibrant range of shops, pubs and restaurants, including a Post Office. For more comprehensive shopping, Sainsbury’s superstore is also close by. For commuting, Brookwood station provides a regular service direct to London Waterloo, Woking and Guildford. For those who enjoy the outdoors, there is Brookwood Country Park close by which is ideal for dog walking or a family stroll.

PRICING & AFFORDABILITY

Approximate Size: sq ft

Full Market Value: £220,000

40% Share Price: £88,000 (rent £586.681pcm)
Minimum 5% Mortgage Deposit (% share): £4,400
Approximate Service Charges: £168.99 pcm*
Shared Ownership Lease: approx. 80 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.

** This home can also be purchased outright (100% of the value) which is £220,000 and a purchaser would not need to meet the eligibility criteria listed above.

Property Address

Open on Google Maps
  • Address Royal Court
  • City Knaphill, Woking
  • County Surrey
  • Postal Code GU21 2SL

Details

Updated on June 14, 2024 at 8:43 am
  • Property ID: MS-123477
  • Rental Amount Per Month: £553/Month
  • Bedroom: 1
  • Bathroom: 1
  • Property Type: Apartment
  • Property Status: For Sale, Shared Ownership
  • Estimated Monthly Service Charge (£): 168.99
  • Value Of The Equity Share: 40% / £88,000
  • Overall Property Value: £220,000
  • Tenure: Leasehold
  • Length of Lease: 80

Contact SOWN about: Shared Ownership in Knaphill, Woking 1 bedroom Apartment

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