2 bedroom apartment for sale

Available

1 Chard Crescent, Cranleigh, GU6 8ST

£124,000 Shared Ownership Resale

Share percentage 40%, full price £310,000, £12,400 Min Deposit.

Available
2 bedrooms
1 Bathroom
Parking
Floor plan
floor-plan
Floor plan
floor-plan
£124,000 Shared Ownership Resale

Share percentage 40%, full price £310,000

Monthly Cost: £1,143

Rent £433, Service charge £95, Mortgage £615*

Calculated using a representative rate of 4.42%

Calculate estimated monthly costs

£
Summary

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

Description

This stylishly-presented flat is on the ground floor of a recently-constructed development on the semi-rural outskirts of Cranleigh. The property has a large reception room with attractive flooring, handle-less kitchen units and integrated appliances. There are windows on two sides plus double doors that open onto an area of private patio. These doors can also be used as an alternative entrance, if desired. The bedrooms are similar-sized doubles and the bathroom is sleek, modern and naturally lit. A pair of built-in storage/utility cupboards have been provided in the hallway and the energy-efficiency rating is very good, thanks to well insulated walls and floor, high performance glazing and gas central heating. The flat comes with use of two parking spaces and is also within comfortable walking distance, or a brief bike ride, of Cranleigh High Street. The village, considered by some to be the largest in Britain, has an arts centre and leisure centre, along with a range of shops and other amenities. Knowle Country Park is a nearby and recently-developed nature reserve which offers beautiful, outside space to enjoy as well as hosting occasional events. Guildford is approximately eight miles to the north-west, Horsham around twelve miles south-east.

SHARED OWNERSHIP (Advertised price represents 40% share. Full market value £310,000).

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/279ku3t4]

(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 (999 years from 25/12/2022).
Minimum Share: 40% (£124,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £432.79 per month (subject to annual review).
Service Charge: £95.46 per month (subject to annual review).
Guideline Minimum Income: Dual - £37,200 | Single - £43,500 (based on minimum share and 10% deposit).
Council Tax: Band D, Waverley 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 £12,400
  • Guide Min Income Dual £37.2k | Single £43.5k
  • Ground Floor
  • Approx. 774 Sqft Gross Internal Area
  • Very Good Energy Efficiency Rating
  • Patio Area (with alternative entrance)
  • Two Parking Spaces
  • Very Long Lease
Particulars

Tenure: Leasehold
Council Tax Band: D

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.

£124,000
Shared Ownership Resale
Estimated Monthly Cost:£1,143
Rent £433
Service £95
Mortgage £615

Share percentage 40%, full price £310,000, £12,400 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.