2 bedroom flat for sale

Shared Ownership

This superb modern home is available to buy from as little as £106,400 with a 38% share!

A spacious, well-presented apartment conveniently situated within walking distance of Woking town centre and mainline train station. This property is located on the third floor and offers bright, well-planned accommodation providing entrance hall with storage cupboards, two double bedrooms, bathroom, spacious double aspect living/dining room and a separate kitchen. There is a lease over 100 years and an allocated parking space.

Woking town centre is a vibrant and evolving hub in Surrey, offering a blend of modern amenities, cultural attractions, and green spaces. Victoria Place is a large shopping complex and Woking provides a variety of dining options.
Woking Railway Station provides direct services to London Waterloo in under 30 minutes, making it ideal for commuters. Woking town centre is approximately a 10-minute drive from the M25 (junction 11), M3 (junction 3), and the A3 (Ripley), providing convenient road access

PRICING & AFFORDABILITY

Full Market Value: £280,000

38% Share Price: £106,400 (rent £830.07 pcm)
Minimum 5% Mortgage Deposit (38% share): £5,605
Approximate Service Charges: £172.79 pcm*
Shared Ownership Lease approx: 103 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 £280,000 and a purchaser would not need to meet the eligibility criteria listed above.