2 bed Flat For Sale £108,000
Westminster Mansions, Sullivan Road, Camberley

Shared Ownership

This superb modern home is available to buy from as little as £108,000 with a 45% share!

Westminster Mansions is conveniently situated in a popular location, close to local amenities and within walking distance of the town centre and Camberley Train Station. Situated on the top floor and benefiting from a private balcony and allocated parking, the accommodation features an open plan lounge/kitchen/diner, two double bedrooms and a bathroom.

Camberley is ideally situated thirty-five miles southwest of central London on the A30 and within easy access of junctions 3 & 4 of the M3 motorway. There are regular trains from London to Camberley and fast trains from Farnborough to Waterloo (45 minutes). Camberley offers a good variety of high street retailers and The Atrium complex has a nine-screen cinema, bowling alley, health & fitness club, cafés and restaurants, whilst nearby The Meadows has superstores including Marks and Spencer and Next. Camberley Heath Golf Course offers excellent facilities along with Camberley Cricket Club and the Camberley Theatre. There is a wide range of well-respected schools in both the state and private sectors.

PRICING & AFFORDABILITY

Approximate Size: 69 sq m

Full Market Value: £240,000

45% Share Price: £108,000 (rent £420.98pcm)
Minimum 5% Mortgage Deposit (% share): £5,400
Approximate Service Charges: £117.47pcm*
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.

* This home can also be purchased outright (100% of the value) which is £240,000 and a purchaser would not need to meet the eligibility criteria listed above.