Victoria Road, Surbiton, KT6

The Property
** 25% SHARED OWNERSHIP OPPORTUNITY **

This bright and spacious split-level 2-bedroom apartment is located in the popular area of Surbiton, offering modern living in a convenient and well-connected location. With a thoughtful design, this home is perfect for first-time buyers, couples, or small families.

The apartment features two generously sized bedrooms and a large open-plan kitchen and living area. The kitchen is well-equipped with a built-in oven, hob, extractor, and integrated fridge freezer, offering both style and practicality. The open-plan design allows for seamless interaction between the kitchen and living area. The bathroom is complete with a shower over the bath, making it perfect for both quick showers and relaxing baths. An additional toilet completes the accommodation.

The property also benefits from an audio door entry system, providing an added layer of security. The apartment is part of a communal heating system, ensuring consistent warmth throughout the year. An allocated underground parking space is included, providing added convenience for residents.


Location
Situated in Surbiton, the apartment enjoys easy access to local shops, cafes, and restaurants, as well as excellent transport links. Surbiton Railway Station is nearby, offering fast connections to Central London. The local area also offers green spaces and recreational facilities, making it an ideal place to live.

General Information
SHARED OWNERSHIP
Percentage Share Owned: Min. 25%
Full Market Value: £450,000
Estimated Monthly Cost: £1,658
(Rent: £703, Service Charge: £387, Mortgage: £568)
Tenure: Leasehold
Lease Length: 112 years
Council Tax Band: D

Eligibility Criteria for Shared Ownership
• Age: You must be at least 18 years old.
• Income: If you live outside of London, your total household income must be less than £80,000 per year. In London, the income cap is £90,000 per year.
• Property Ownership: You cannot currently own another home. Shared Ownership is mainly for first-time buyers, but if you do own a property (in the UK or abroad), you need to be in the process of selling it.
• Affordability: You should not be able to afford to buy a suitable home on the open market.
• Financial History: You must have a good credit history, with no outstanding debts or County Court Judgements (CCJs), and show that you can afford the payments and costs involved.
• Deposit & Costs: Typically, you’ll need a deposit of 5-10% of the share you're purchasing and access to around £4,000 to cover additional costs like legal fees and surveys, although this figure can vary.


Property ownership information

Ground rent review period: No review period

Service charge review period: Every 1 year

Lease end date: 01/01/2137

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts.

Successful buyers will be required to complete anti-money laundering and proof of funds checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.