£83,750
1 bed flat for saleLovelace Drive, East Horsley, Leatherhead, Surrey KT24
1 bed
1 bath
1 reception
EPC Rating: B
- New home
- Shared ownership
- Leasehold
Gascoigne Pees - Guildford Sales
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About this property
Legal fees paid up to £500 incentive ada gardens**
Ada Gardens is a new collection of homes available on the shared ownership scheme located in the village of East Horsley. We now have our last remaining one bedroom apartment and coach houses available.
You’ll have everything you need on your doorstep, with a range of shops and restaurants. Plus, you’ll be within walking distance of Horsley train station, so you can hop on the train and get to London Waterloo in just over 45 minutes or Guildford in around 15 minutes.
This first floor apartment is now ready to move into!
The open-plan living area features a fitted kitchen with an oven, hob and hood. The bedroom is a comfortable double and the bathroom has a modern, white suite.
You'll also have your own parking space.
Full Market Value: £335,000
25% Share Price: £83,750
Minimum deposit based on 25% share: £4,187.50
Rent on un-owned share: £575.78 pcm
*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.
• Tenure: Leasehold.
• Length of lease: 990 years.
• Reservation fee: £500.
• Council tax band: New build properties, band to be determined.
• Service charge is reviewed once a year.
**1. Available on plot 92 at Ada Gardens only. Offer is to provide up to a maximum of £500 (including VAT) towards legal fees on the date of legal completion.
2. Only applicable to new reservations from 15 July 2025, when reserving on or before 5.00pm on 5 September 2025. Subject to contract. Exchange of contract within 42 days.
3. An allowance of £500 will be deducted from your final balance to pay on completion and reflected on your completion statement as 'incentive for legal fees'
4. This offer cannot be used in conjunction with any other offer. Following withdrawal or termination of any offer, we reserve the right to extend, reintroduce or amend any such offer as we see fit at any time.
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More information
Tenure
Leasehold (990 years)
Service charge
£1,164 per year
Council tax band
A band has not yet been confirmed.
Ground rent
Ground rent date of next review