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2 bedroom apartment for sale

Available

Magnolia House, Spelthorne Grove, Sunbury-on-Thames, TW16 7FA

£162,250 Shared Ownership Resale

Share percentage 55%, full price £295,000, £16,225 Min Deposit.

Available
2 bedrooms
1 Bathroom
Parking
Floor plan
floor-plan
Floor plan
floor-plan
£162,250 Shared Ownership Resale

Share percentage 55%, full price £295,000

Monthly Cost: £1,491

Rent £419, Service charge £253, Mortgage £819*

Calculated using a representative rate of 4.59%

Calculate estimated monthly costs

£
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Summary

A Fantastic Opportunity to Purchase a Two Bedroom Apartment on a Shared Ownership (Part Buy/Part Rent) Basis

Description

A modern, first-floor apartment which has a twenty-three-foot reception room with spacious, open-plan kitchen area. There is a main bedroom with fitted wardrobe plus a second double bedroom and an attractive bathroom. A pair of built-in storage/utility cupboards have been provided in the entrance hallway and the energy-efficiency rating is very good, thanks to well insulated walls, high performance glazing and gas central heating. Magnolia House is only a short walk from both Sunbury Cross Shopping Centre and Sunbury Railway Station. The apartment is south/south-west facing, has a Juliette balcony and comes with use of an allocated parking space.

SHARED OWNERSHIP (advertised price represents the 55% share offered. Full market value £295,000).

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [http://bit.ly/2NWtgZs]

(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)

Housing Association: A2Dominion.
Tenure: Leasehold (125 years from 24/06/2015).
Minimum Share: 55% (£162,250). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £419.32 per month (subject to annual review).
Service Charge: £252.66 per month (subject to annual review).
Guideline Minimum Income: Dual - £51,800 | Single - £59,400 (based on minimum share and 10% deposit).
Council Tax: Band C, Spelthorne Borough Council. Priority is given to applicants living and/or working in this local authority.

This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone. Pets not permitted (except assistance animals).

Key Features
  • Guideline Minimum Deposit £16,225
  • Guide Min Income Dual £51.8k | Single £59.4k
  • First Floor (building has a lift)
  • Approx. 670 Sqft Gross Internal Area
  • South/South-West-Facing
  • Very Good Energy Efficiency Rating
  • Parking Space
  • Short Walk to Sunbury Station
Particulars

Tenure: Leasehold
Council Tax Band: C

Property Downloads
Floor Plan Brochure
Sunbury (0.37 miles) Upper Halliford (0.50 miles) Kempton Park (0.69 miles)
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Monthly Cost Calculator

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together, rent, service charge and mortgage.

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  • Rent: this is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes)
  • Service Charge: covers maintenance costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.

NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.

£162,250
Shared Ownership Resale
Estimated Monthly Cost:£1,491
Rent £419
Service £253
Mortgage £819

Share percentage 55%, full price £295,000, £16,225 Min Deposit. Calculated using a representative rate of 4.59%

Calculate estimated monthly costs

£
Disclaimer
This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone.