2 bedroom apartment for sale
Fibus House, 8 Old Barn Lane, Kenley, CR8 5FH
Share percentage 35%, full price £325,000, £11,375 Min Deposit.
Share percentage 35%, full price £325,000
Monthly Cost: £1,494
Rent £701, Service charge £187, Mortgage £606*
Calculated using a representative rate of 5.13%
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 spacious flat is on the ground floor of a recently-constructed development and has a reception room with wide-board wood flooring and double doors leading out to a small patio area. The sleek kitchen is semi-open-plan featuring handle-less units and integrated appliances. There is a main bedroom with en-suite shower room plus a similar-sized second bedroom and a stylish bathroom. Fitted wardrobes/storage cupboards have been provided throughout the property and well insulated walls and floor, high performance glazing and a modern gas central heating system make for a very good energy-efficiency rating. The flat comes with use of an allocated, off-street parking space and is just a short walk from both Whyteleafe Station (for services between Caterham and London Bridge) and Upper Warlingham (East Grinstead and Victoria). Kenley Common and Hawkhirst Woods are also close by.
SHARED OWNERSHIP (Advertised price represents 35% share. Full market value £325,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/4hsba3ju]
(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: Clarion.
Tenure: Leasehold (125 years from 02/05/2019).
Minimum Share: 35% (£113,750). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £701.16 per month (subject to annual review).
Service Charge: £186.85 per month (subject to annual review).
Ground Rent: £150.00 for the year.
Guideline Minimum Income: Dual - £48,000 | Single - £54,900 (based on minimum share and 10% deposit).
Council Tax: Band D, Tandridge District 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 £11,375
- Guide Min Income Dual £48k | Single £54.9k
- Ground Floor with Patio Area
- Approx. 785 Sqft Gross Internal Area
- Semi-Open-Plan Kitchen/Reception Room
- Two Good-Sized Double Bedrooms
- Bathroom plus En-Suite Shower Room
- Very Good Energy Efficiency Rating
- Parking Space
- Short Walk to Whyteleafe/Upper Warlingham
Particulars
Tenure: Leasehold
Council Tax Band: D
Property Downloads
Key Information Document Floor Plan BrochureThe ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together, rent, service charge and mortgage.
- 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.
Share percentage 35%, full price £325,000, £11,375 Min Deposit. Calculated using a representative rate of 5.13%
Calculate estimated monthly costs
