1 bedroom apartment for sale

Available

Palmer Court, 5 Pitcher Lane, Ashford, TW15 2DZ

£98,000 Shared Ownership Resale

Share percentage 35%, full price £280,000, £9,800 Min Deposit.

Available
1 bedroom
1 Bathroom
Private Balcony/Terrace
Parking
Floor plan
floor-plan
Floor plan
floor-plan
£98,000 Shared Ownership Resale

Share percentage 35%, full price £280,000

Monthly Cost: £1,172

Rent £527, Service charge £159, Mortgage £486*

Calculated using a representative rate of 4.42%

Calculate estimated monthly costs

£
Summary

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

Description

A smartly-presented, second-floor apartment in this recently-constructed development. The property has a twenty-two-foot reception room with attractive flooring and an open-plan kitchen area featuring handle-less units and integrated appliances. A glazed door leads out onto the balcony. There is a spacious, dual-aspect bedroom with fitted wardrobe and a stylish, high-spec bathroom. A large storage/utility cupboard has been provided in the entrance hallway and well insulated walls, high performance glazing and a communal heating and hot water system make for a very good energy-efficiency rating. Palmer Court has a neatly-maintained communal garden, a communal cycle store and a car park which includes a space for this apartment. Alternatively, Ashford Station, for rail services between Weybridge/Windsor & Eton Riverside and London Waterloo, is less than ten minutes walk away (Google Maps estimate).

SHARED OWNERSHIP (Advertised price represents 35% share. Full market value £280,000).

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/bdd897pv]

(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 25/03/2020).
Minimum Share: 35% (£98,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £527.26 per month (subject to annual review).
Service Charge: £159.17 per month (subject to annual review).
Guideline Minimum Income: Dual - £37,500 | Single - £43,800 (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 £9,800
  • Guide Min Income Dual £37.5k | Single £43.8k
  • Second Floor (building has a lift)
  • Approx. 551 Sqft Gross Internal Area
  • Fitted Wardrobe in Bedroom
  • Very Good Energy Efficiency Rating
  • Balcony
  • Communal Garden
  • Parking Space
  • Short Walk to Ashford Railway 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.

£98,000
Shared Ownership Resale
Estimated Monthly Cost:£1,172
Rent £527
Service £159
Mortgage £486

Share percentage 35%, full price £280,000, £9,800 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.