2 bedroom apartment for sale

Available

Gainsborough Court, 73 Webber Street, Horley, RH6 8QN

£116,000 Shared Ownership Resale

Share percentage 40%, full price £290,000, £11,600 Min Deposit.

Available
2 bedrooms
1 Bathroom
Parking
Floor plan
floor-plan
Floor plan
floor-plan
£116,000 Shared Ownership Resale

Share percentage 40%, full price £290,000

Monthly Cost: £1,175

Rent £457, Service charge £142, Mortgage £576*

Calculated using a representative rate of 4.42%

Calculate estimated monthly costs

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Summary

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

Description

This well-proportioned flat is on the top floor of a recently constructed development and appears in excellent condition throughout. The property has a twenty-four-foot, dual-aspect reception with attractive flooring and open-plan kitchen area featuring stylish, handle-less units. The large main bedroom also benefits from windows on two sides and includes a fitted wardrobe. There is a good-sized second double bedroom, a sleek, naturally-lit bathroom and a pair of hallway storage/utility cupboards. Well insulated walls and roof, high performance glazing and a modern gas central heating system all contribute towards a very good energy-efficiency rating. The flat comes with use of a parking space and Horley Railway Station and the town centre can also be reached via brief cycle ride. Ofsted list three primary schools within a mile radius of Gainsborough Court, all rated 'Good', and Horley Leisure Centre is within comfortable walking distance.

SHARED OWNERSHIP (Advertised price represents 40% share. Full market value £290,000).

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [https://tinyurl.com/4dhwbhcd]

(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 12/11/2021).
Minimum Share: 40% (£116,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £456.78 per month (subject to annual review).
Service Charge: £141.96 per month (subject to annual review).
Guideline Minimum Income: Dual - £38,200 | Single - £44,500 (based on minimum share and 10% deposit).
Council Tax: Band C, Reigate & Banstead 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 £11,600
  • Guide Min Income Dual £38.2k | Single £44.5k
  • Second (Top) Floor
  • Approx. 730 Sqft Gross Internal Area
  • Dual Aspect Reception Room
  • Very Good Energy-Efficiency Rating
  • Parking Space
  • Short Bike Ride from Town Centre/Station
Particulars

Tenure: Leasehold
Council Tax Band: C

Property Downloads
Floor Plan Brochure
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.

£116,000
Shared Ownership Resale
Estimated Monthly Cost:£1,175
Rent £457
Service £142
Mortgage £576

Share percentage 40%, full price £290,000, £11,600 Min Deposit. Calculated using a representative rate of 4.42%

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.