A fantastic opportunity to purchase a 25% share of this lovely two-bedroom apartment which is situated in a fantastic location close to amenities and excellent transport links with both Surbiton and Thames Ditton train stations being within a mile of the property.
The accommodation comprises communal entrance with entry phone system. Entrance hall with store cupboard, dual aspect living room, modern fitted kitchen, 2 double bedrooms and family bathroom. Outside there are well tended gardens and an allocated parking space along with visitor’s spaces.
Further benefits include double glazed windows and gas radiator central heating.
Current share percentage is 25% at £97,500 or it may be possible to purchase up to 100% share with the full cost at £390,000.
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 property. Purchasers will need to be approved by PA Housing.
The purchaser pays a mortgage on the share they own and pays a subsidised rent to a housing association on the remaining share. Because the purchaser only needs a mortgage for the share they are purchasing, the amount of money required for a deposit is usually lower when compared to the amount that would be required when purchasing outright.
The purchaser has the option to increase their share during their time in the property via a process known as ‘staircasing’, and in most cases can staircase all the way to 100%. In this instance, the shared owner will no longer pay any rent, just their mortgage along with any relevant service charges and ground rent.
Leasehold - Lease start date - 99 years from 7th December 2000. Lease Term Remaining 76 years. Current monthly service charge calculated at £122.
Agents Note: Please note that we declare a personal interest in this property with it being sold on behalf of a family member of an employee of David Cliff Estate Agents.