Total views: 2233
Floorplan
MapShared ownership
£145,0001 bedroom apartment for sale
St. Monicas Lodge, St. Monicas Road, Kingswood
Apartment
1 bed
1 bath
Key information
Tenure: Leasehold | unconfirmed share | 113 yrs left
Service charge: £2,254.80 per annum
Council tax: Ask agent
Broadband: Basic 23Mbps *
Mobile signal:
EEO2ThreeVodafone
Features and description
- Modern Shared Ownership home
- Allocated parking
- Open plan living
- First floor
- Only minutes from Kingswood Station
- Double bedroom
Shared Ownership
This superb modern apartment is available to buy from as little as £145,000 with a 50% share!
A superb first floor apartment, built by Shanly Homes and providing spacious accommodation throughout. The property comprises: entrance hall, an open plan living area/kitchen, a double bedroom, bathroom and allocated parking.
St Monica’s Lodge is situated close to the village of Kingswood which provides a comprehensive parade of local shops and restaurants. Locally there is a wide choice of state and independent schools. Kingswood Station provides services into London of approximately 45 minutes. The M25 is accessed via Junction 8, 1.7 miles to the south providing connections to the wider motorway network, whilst for the frequent flyer both Gatwick and Heathrow airports are within reach.
For the golf enthusiasts, there are four world-renowned golf clubs, Kingswood Golf and Country club, Surrey Downs, Walton Heath and the RAC golf club all close by. Horse Riding schools and stabling can be found in Kingswood, Chipstead, Tadworth and Walton on the Hill.
PRICING & AFFORDABILITY
Full Market Value: £290,000
50% Share Price: £145,000 (rent £270.41pcm)
Minimum 5% Mortgage Deposit (% share): £7,250
Approximate Service Charges: £187.90pcm
Shared Ownership Lease: approx. 113 years
Council Tax Band: D
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.
* This home can also be purchased outright (100% of the value) which is £290,000 and a purchaser would not need to meet the eligibility criteria listed above.
This superb modern apartment is available to buy from as little as £145,000 with a 50% share!
A superb first floor apartment, built by Shanly Homes and providing spacious accommodation throughout. The property comprises: entrance hall, an open plan living area/kitchen, a double bedroom, bathroom and allocated parking.
St Monica’s Lodge is situated close to the village of Kingswood which provides a comprehensive parade of local shops and restaurants. Locally there is a wide choice of state and independent schools. Kingswood Station provides services into London of approximately 45 minutes. The M25 is accessed via Junction 8, 1.7 miles to the south providing connections to the wider motorway network, whilst for the frequent flyer both Gatwick and Heathrow airports are within reach.
For the golf enthusiasts, there are four world-renowned golf clubs, Kingswood Golf and Country club, Surrey Downs, Walton Heath and the RAC golf club all close by. Horse Riding schools and stabling can be found in Kingswood, Chipstead, Tadworth and Walton on the Hill.
PRICING & AFFORDABILITY
Full Market Value: £290,000
50% Share Price: £145,000 (rent £270.41pcm)
Minimum 5% Mortgage Deposit (% share): £7,250
Approximate Service Charges: £187.90pcm
Shared Ownership Lease: approx. 113 years
Council Tax Band: D
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.
* This home can also be purchased outright (100% of the value) which is £290,000 and a purchaser would not need to meet the eligibility criteria listed above.
Property information from this agent
About this agent
Evolved from Leaders Romans Group in 2018, SOWN is a dedicated shared ownership brand. We provide a full sales and marketing service on behalf of Housing Associations across the UK, for both new-build and re-sale shared ownership homes. Our specialist team focuses exclusively on shared ownership, which allows us to give the shared ownership market the attention it deserves. We're currently operating out of hubs in Wokingham, London and Nottingham. At SOWN, we take care of everything. As part of the 40-year-strong Leaders Romans Group, we offer a comprehensive range of property services for landlords, buyers, sellers, property developers and Housing Associations. Whether it's residential sales and auctions, mortgages and financial advice, build to rent, new homes, surveys, lettings, or planning and architecture; our experts will guide you every step of the way. Our formula for getting shared ownership right is setting up dedicated and highly experienced teams for every stage of the process. Our Pre-sales team handles all enquiries, which are then passed onto the Move Managers (sales progressors). We can also provide buyers with access to surveyors, legal services and our specialist mortgage advisor, Mortgage Scout, for support and up-to-the-minute advice. Ready to start your shared ownership journey? To find out how SOWN can help you find your dream home, contact us today.