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- South Place | Shared Ownership Apartments | Surbiton | Kingston‑Upon‑Tha...
- South Place, Kingswood Court, Surbiton, KT5 8FE
South Place, Kingswood Court, Surbiton, KT5 8FE
Type G, South Place, Kingswood Court, Kingston upon Thames, KT5 8FE
Shared Ownership Apartment
There are 13 one-bedroom apartments at South Place and only 1 is of this layout:
Plot 3.A.03 can be found on the third floor and is 58m2 / 624sq.f and comprises a great size bedroom, the main bathroom, open-plan living, private balcony and ample storage. This property is available with 1 allocated parking space at an additional cost of £15,000 included in the full market value.
Full Market Value: £377,500
Share price from 40%: £151,000
Rent*: £519 per month
*Calculated at 2.75% per annum of the value of the share that you do not initially buy.
Lease length: 990 years
Council tax is due from the day of legal completion even though the banding may not yet be confirmed, please bear this in mind and make the necessary arrangements. When the property banding is confirmed, it will be listed on the following page: https://www.gov.uk/council-tax-bands or email [email protected]
Estimated Annual Service Charge: £1,560
Service Charge Review Period: Yearly
Ground Rent: £0
Priority will go to those currently living and/or working in the Royal Borough of Kingston upon Thames.
* Interior images used from one of our previous show homes. South Place show home coming soon.
Eligibility for Shared Ownership
In order to be eligible to purchase a Shared Ownership house or apartment, there are several general criteria you must meet:
You must be at least 18 years’ old with a clean credit history
Your annual household income must be less than £90,000 in London, or £80,000 outside of London
You’re a first-time buyer, a previous homeowner that cannot afford to buy one now, or an existing shared homeowner
You must not be in mortgage or rent arrears, demonstrate a good credit history and be in a position to afford the regular payments
Find out what you can afford
Unsure of how much you can afford to borrow towards the purchase of a home? Use our Affordability Calculator below to receive an assessment* of how much you’re likely to be able to borrow based on your income.
*Help to Buy: Equity Loan
- London Boroughs: 40%
- Outside of London: 20%