1 bed Flat For Sale £88,000
Shared Ownership
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 £551.91pcm)
Minimum 5% Mortgage Deposit (% share): £4,400
Approximate Service Charges: £142.40pcm*
Shared Ownership Lease: approx. 78 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.
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 £551.91pcm)
Minimum 5% Mortgage Deposit (% share): £4,400
Approximate Service Charges: £142.40pcm*
Shared Ownership Lease: approx. 78 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.
