Plot Number
NA
Bedrooms
2
Bathrooms
1
Property Status
Available
Property Type
Duplex apartment
Full Market Value
£450,000
Share Percentage
25%
Share Price
£108,000
Monthly Rent
£681
Monthly Service Charge
379.84
Floor
First Floor
Area
77 M²
Tenure
Shared Ownership
Tenure Type
Leasehold
Council Tax
D
Service Charge Review Period
April 2025
1 Front
2 Front
3 Outside
4 Kitchen
5 Kitchen And Living
6 Living Room
7 Living Room
8 Bedroom 1
9 Bedroom 1
10 Bedroom 2
11 Bedroom 2
12 Hallway
13 Staircase
14 Bathroom
15 Bathroom
16 Toilet
17 Toilet
Key Features:
- Spacious & Bright Rooms: The apartment features two generously sized bedrooms and a large open-plan kitchen and living area. The layout creates a comfortable and airy space, ideal for relaxing or entertaining.
- Modern Kitchen: The kitchen is well-equipped with a built-in oven, hob, extractor, and integrated fridge freezer, offering both style and practicality. The open-plan design allows for seamless interaction between the kitchen and living area.
- Comfort Throughout: The apartment is carpeted throughout, providing warmth and comfort in the living spaces, while the kitchen and bathroom feature easy-to-clean linoleum flooring.
- Stylish Bathroom: The bathroom is complete with a shower over the bath, making it perfect for both quick showers and relaxing baths.
- Convenience & Security: There is a handy storage cupboard within the apartment, offering extra space for your belongings. The property also benefits from an audio door entry system, providing an added layer of security.
- Communal Heating System: The apartment is part of a communal heating system, ensuring consistent warmth throughout the year.
- Allocated Parking: An allocated parking space is included, providing added convenience for residents.
Location & Amenities:
Situated in Surbiton, the apartment enjoys easy access to local shops, cafes, and restaurants, as well as excellent transport links. Surbiton Railway Station is nearby, offering fast connections to Central London. The local area also offers green spaces and recreational facilities, making it an ideal place to live.
Additional Information:
- Split-level 2-bedroom apartment
- Open-plan kitchen and living area
- Allocated parking and communal heating
- Audio door entry system
- Close to transport links and local amenities
This spacious and well-maintained apartment offers modern living in a fantastic location, perfect for anyone looking to enjoy the best of Surbiton available on Shared Ownership, 25% share.
Eligibility Criteria for Shared Ownership
To qualify for a Shared Ownership home, there are a few key requirements you need to meet:
- Age: You must be at least 18 years old.
- Income: If you live outside of London, your total household income must be less than £80,000 per year. In London, the income cap is £90,000 per year.
- Property Ownership: You cannot currently own another home. Shared Ownership is mainly for first-time buyers, but if you do own a property (in the UK or abroad), you need to be in the process of selling it.
- Affordability: You should not be able to afford to buy a suitable home on the open market.
- Financial History: You must have a good credit history, with no outstanding debts or County Court Judgements (CCJs), and show that you can afford the payments and costs involved.
- Deposit & Costs: Typically, you’ll need a deposit of 5-10% of the share you're purchasing and access to around £4,000 to cover additional costs like legal fees and surveys, although this figure can vary.
Who Gets Priority for Shared Ownership?
Shared Ownership is available to anyone who meets the eligibility criteria, including first-time buyers, people looking to move up, downsize, or relocate. While there are no priority groups in areas where Shared Ownership homes are in short supply, military personnel and former members of the Armed Forces (discharged within the last two years) are given priority under government schemes.
In some cases, local authorities may require that applicants who live or work in the area be given preference, depending on local planning policies.
Affordability & Eligibility Check
Each applicant will need to complete an affordability and eligibility check with an independent mortgage advisor. Once you submit an enquiry, we will send you a link to start this process.
Interested?
Have a question or eager to register your interest today? Our friendly Sales & Marketing team is here to help. We will aim to get back to you as soon as possible.
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