2 bed flat for sale

Palmer Court, 5 Pitcher Lane, Ashford TW15

Shared ownership (Advertised price represents 40% share. Full market value £350,000). This well-proportioned apartment is on the ground floor and has a spacious entrance hall with large storage/utility cupboard. The twenty-three-foot reception room features a stylish, open-plan kitchen with handle-less units and integrated appliances. At the other end of the room, a glazed door leads out onto an east/south-east-facing balcony. The height difference across the site means that the balcony is raised above the street level. There is a main bedroom with fitted wardrobe and en-suite shower room plus a second, good-sized, double bedroom and an attractive, high-spec bathroom. Demanding insulation standards, high performance glazing and a communal heating and hot water system have resulted in a very good energy-efficiency rating. Palmer Court has a well-maintained communal garden and is only a short walk from Ashford Railway Station, for services between Weybridge/Windsor & Eton Riverside and London Waterloo. The property comes with a parking space plus use of the communal cycle store.

Interested parties are required to complete the shared ownership common application form [ ]

(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)

Housing Association: A2Dominion.
Tenure: Leasehold (125 years from 25/03/2020).
Minimum Share: 40% (£140,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £557.28 per month (subject to annual review).
Service Charge: £261.53 per month (subject to annual review).
Guideline Minimum Income: Dual - £52,500 | Single - £60,300 (based on minimum share and 10% deposit).
Council Tax: Band D, Spelthorne Borough Council. Priority is given to applicants living and/or working in this local authority.

This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone. Pets not permitted (except assistance animals).

What is shared ownership ?

Shared Ownership is a housing scheme designed to help homebuyers who are unable to afford the cost of buying a property outright on the open market. Properties may be sold off-plan or new build direct from housing associations, or pre-owned from existing shared owners. The rules and terms of the scheme are set by the Greater London Authority (gla) in London and Homes England outside of London.

Is shared ownership for you ?

The gla and Homes England set the eligibility criteria for Shared Ownership, but broadly speaking you must:

1. Not own another property in the UK or any other country.
2. Have a household income that falls below £90,000 (£80,000 threshold outside the M25). Every property will have a minimum income level too, determined by its value, rent and service charge costs. In most cases you will need to meet or exceed the given minimum income.
3. Have access to a minimum deposit of 10% of the share being purchased (a minimum deposit of 5% of the share being purchased may be acceptable depending on individual financial status).
4. Be in full time permanent employment.
5. Be a British, EU or eea Citizen or have indefinite leave to remain in the UK.
6. Have a good credit history.

Reception

23' 1" max. X 11' 2" max. (7.04m x 3.40m)

Kitchen

Included in reception measurement

Balcony

11' 2" x 4' 10" (3.40m x 1.47m)

Bedroom 1

15' 7" x 10' 1" (4.75m x 3.07m)

En-Suite Shower Room

7' 2" x 3' 11" (2.18m x 1.19m)

Bedroom 2

11' 9" x 10' 5" (3.58m x 3.18m)

Bathroom

7' 2" x 5' 6" (2.18m x 1.68m)