2 bed flat for sale

White Wood Vale, Frimley, Camberley GU16

Shared Ownership

This superb modern home is available to buy from as little as £150,000 with a 50% share!

A ground floor apartment located at the edge of Pine Ridge Golf Club. This well presented property provides accommodation comprising two double bedrooms, modern bathroom and an open plan kitchen/dining/living space. There is allocated parking, ample visitors parking and a long lease.

This property is ideally situated within a short distance of Camberley Railway Station. You’ve got a compact cluster of shops—both Sainsbury’s and Morrisons—along with a pharmacy and a handful of eateries within comfortable walking distance. Leisure amenities include the pub and golf centre, plus a recreation ground and pool. Schools and transport hubs are easily accessible, making this a well-connected, family friendly area.
Pricing & affordability


Full Market Value: £300,000

50% Share Price: £150,000 (rent £444.31 pcm)
Minimum 5% Mortgage Deposit (50% share): £7,500
Approximate Service Charges: £169.57 pcm*
Lease: 119 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 £300,000 and a purchaser would not need to meet the eligibility criteria listed above.