2 bedroom first floor apartment in Surrey

Frenchlands Gate, Surrey, Surrey

Shared Ownership£87,500

  • 2x Bedrooms
  • 1x Reception rooms
  • 1x bathrooms

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Description

Key features

  • Two bedroom First floor purpose built apartment
  • Sought after location
  • Allocated parking
  • EPC energy rating B (89)

Property details

We are pleased to be marketing this two bedroom first floor apartment together with Mount Green Housing Association. Available for shared ownership with a minimum share of 25%, the apartment is situated in a sought after location, further offering lounge with separate kitchen and allocated parking. Outside, there are communal gardens.

East Horsley Village is just over half a mile away with it's good range of local shops and station serving London Waterloo and Guildford.

Living or working connection to Guildford borough required.

Full market value is £350,000. Minimum share available of 25% (£87,500). Rent - £567.57pcm, service charge - £99.83pcm.

The information provided about this property does not constitute or form part of an offer or contract, nor may be it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents. All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose.

Measurements

Room Dimensions

Ground Floor Room Dimensions

( Outside )
Communal Gardens
Allocated Parking

First Floor Room Dimensions

Lounge/Kitchen 21'5 x 10'0 (6.53m x 3.05m)
Hallway 27'2 x 10'2 (8.29m x 3.10m)
Bedroom 1 15'0 x 10'9 (4.58m x 3.28m)
En - Suite Shower Room 8'5 x 5'2 (2.57m x 1.58m)
Bedroom 2 10'9 x 10'9 (3.28m x 3.28m)
Map & Area

Map & area

Please note, the map markers may only show the centre of a postcode and not the actual address.

Local Information

Motorway links

Motorway links

  • M23 Junction 11: 16.4 miles
Brochure

Brochure

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Guides

Our local guide for Shared Ownership

About Us

The Shared Ownership department provides a full sales and marketing service on behalf of several well-appointed housing Associations throughout the south of England.

Advertising on site with site boards and banners on our new-build sites, we offer full marketing, pricing and sales brochures in all the branches and on the mobile-friendly websites of Arun Estates. Our local branches provide a further network for advertising and purchaser interest.

Every one of our shared ownership properties appear on all the top housebuying portals such as Help to Buy, Rightmove, Primelocation, Zoopla and over 25 smaller sites.

We organise open days and viewings of our new-build properties with applicants that have been pre-assessed for eligibility. A basic affordability check is carried out on all our applicants who wish to reserve a property, according to local authority and housing association requirements.

We provide all housing associations with a weekly progress report, from initial marketing through to completion and handover.

We establish a relationship with the purchaser, meet them and guide them through the legal and financial aspects of purchasing a property. At legal completion we take meter readings and hand over their new home.

How does Shared Ownership work?

Shared ownership offers an alternative to renting if outright purchase is not an option. You can buy an initial affordable share in a new home, helping you into home ownership in manageable stages.

This scheme has previously been known as "Part-Buy, Part-Rent". Both new-build and resale (older) properties are available.

The housing association or registered provider will offer initial shares of between 25% - 75% of the full purchase price. You pay a subsidised rent on the remaining share that the housing association or registered provider still owns. The combined monthly cost of mortgage and rent will normally be less than if you were purchasing the property outright.

In the future you can simply sell your share for its value at the time or you can purchase further shares in your home.

With most properties, you are eventually able to own the property outright if you wish to, although there are some restrictions on rural schemes.

Who is eligible?

  • Your annual household income should be less than £80,000.
  • You should be unable to purchase a home suitable for your needs without assistance.
  • You cannot be a current home owner or be named on the deeds of another property.
  • You must not have any outstanding credit issues (i.e. unsatisfied defaults or county court judgments).

Property to sell?

Book a free property valuation with from our local Horsham branch.

Book now

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