2 bedroom flat for sale

Shared Ownership

This superb modern home is available to buy from as little as £211,750 with a 55% share!

Built in 2017 by the highly regarded Shanly Homes is this modern ground floor apartment within an exclusive gated development. The accommodation features an open plan lounge/kitchen/diner with double doors opening outside, two bedrooms, bathroom and an allocated parking space.

Situated within walking distance of Bookham Station and about ¾ of a mile from Bookham Village which offers an excellent selection of local shops including two supermarkets, butchers, two bakers, a fishmongers as well as two health centres, a Post Office, public library and village hall. At the end of the road is a main bus route together with Bookham Station which provides regular services into Central London (Waterloo) and Guildford. There is an abundance of beautiful countryside nearby including Bookham Common which is looked after by the National Trust and provides acres of mature woodland with many miles of bridleways and public footpaths ideal for the walking enthusiast.

PRICING & AFFORDABILITY

Approximate Size: 742 sq ft

Full Market Value: £385,000

55% Share Price: £211.750 (rent £468.42pcm)
Minimum 5% Mortgage Deposit (55% share): £10,588
Approximate Service Charges: £167 pcm* ,
Shared Ownership Lease: approx. 119 years
Council Tax Band: D

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 £385,000 and a purchaser would not need to meet the eligibility criteria listed above.