£87,500
2 bed flat for saleFarnborough Road, Farnborough, Hampshire GU14
2 beds
1 bath
1 reception
EPC Rating: B
- New home
- Shared ownership
- Leasehold
Gascoigne Pees - Farnham Sales
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About this property
Close to Farnborough Station
Private balcony and communal gardens
Gated development
Long lease
Enjoy superb, spacious living with this brand new apartment, ideally located in the town centre.
Offered to the market on the shared ownership scheme is this brand new two bedroom apartment which is part of a gated development in Farnborough town centre.
The apartment offers contemporary open plan living and two spacious bedrooms. The property benefits from a fully fitted kitchen which is finished to a high standard, and a fully fitted modern bathroom. The property also benefits from a good size balcony, triple glazing, long lease and communal gardens.
This spacious apartment is ideally located within a short walk of Farnborough mainline station with fast trains to Waterloo.
Call now to book your viewing!
Financial Breakdown:
Full market value: £350,000
25% share value: £87,500
5% deposit: £4,375
Monthly Rent on un-owned share (75%) £601.56
*The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller upfront payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright. When you’re ready, you can buy more shares until you staircase to owning 100% of your home.
Please note, as a Shared Ownership purchase there are likely to be additional legal fees during the conveyancing process, your solicitor can advise you of these..
Disclaimers
o Rent on the unsold share is charged at 2.75% for the first year. For exact costings, please speak to an independent financial or mortgage advisor.
O Deposits start from 5% of your chosen share value, illustrated deposit only and depends on lender and product availability.
O Share percentage advertised is an example. Typically shares up to 75% are available depending on your affordability. Please speak to a member of team for more information
o Please note images used in this listing are for illustration purposes and are not exact to the property.
O Service charges are estimated and may subject to change.
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More information
Tenure
Leasehold (999 years)
Service charge
£1,725 per year
Council tax band
C
Ground rent
Ground rent date of next review