This superb modern home is available to buy from as little as £165,000 with a 75% share!
A beautifully presented one-bedroom, one-bathroom ground-floor flat in the highly sought-after Leatherhead area. The property boasts a modern open-plan living room and kitchen, creating a bright, sociable space ideal for relaxing or entertaining. The bedroom is well-sized and the bathroom is stylish and contemporary. Residents benefit from allocated parking, offering both convenience and peace of mind.
The flat is perfectly located within walking distance of Leatherhead Rail Station, providing excellent transport links to London, making it ideal for commuters. Local amenities are abundant, including supermarkets such as Morrisons, a range of cafés and restaurants including Costa Coffee, and traditional pubs.
With its combination of modern living, practical features, and an enviable location close to shops, transport, and leisure facilities, this flat presents an excellent opportunity to enjoy all that Leatherhead has to offer.
PRICING & AFFORDABILITY
Full Market Value: £220,000
75% Share Price: £165,000 (rent £191.45pcm)
Minimum 5% Mortgage Deposit (5% share): £8250
Approximate Service Charges: £211.71pcm*
Lease: 131 years
ELIGIBILITY
Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.
To be eligible for shared ownership you would need to meet the following criteria:
• Your annual household income does not exceed £80,000
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.
*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.
** This home can also be purchased outright (100% of the value) which is £225,000 and a purchaser would not need to meet the eligibility criteria listed above.
