Shared Ownership
This superb modern home is available to buy from as little as £106,000 with a 40% share!
Situated on the ground floor of Hanger Court in Woking, this well-proportioned two-bedroom apartment offers approximately 718 sq ft of accommodation, with a practical layout and the added benefit of an allocated parking space. The property provides a comfortable living environment, with well-sized rooms throughout.
The accommodation comprises a spacious reception room offering plenty of room for both living and dining furniture, alongside a separate kitchen/breakfast room with ample worktop and storage space. There are two bedrooms, including a generously sized principal bedroom, together with a family bathroom. The layout also benefits from a central hallway providing access to each room.
Hanger Court is conveniently positioned for access to Woking town centre, which offers a wide selection of shops, supermarkets, restaurants and leisure facilities. Its also within walking distance of both St. Johns and Knaphill, providing both additional local amenities and close by to multiple schools.
Woking railway station provides regular services into London Waterloo, making the location particularly convenient for commuters. The surrounding area also offers a variety of green spaces, local amenities and road connections, including access to the A3 and M25.
PRICING & AFFORDABILITY
Full Market Value: £265,000
40% Share Price: £106,000 (rent £660.42pcm)
Minimum 5% Mortgage Deposit (40% share): £5,300
Approximate Service Charges: £191.04pcm*
Lease: 965 years
ELIGIBILITY
Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.
To be eligible for shared ownership you would need to meet the following criteria:
• Your annual household income does not exceed £80,000.
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.
*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.
** This home can also be purchased outright (100% of the value) which is £265,000 and a purchaser would not need to meet the eligibility criteria listed above.
Council Tax Band C
