Affordable 45% share ideal for first-time buyers seeking excellent transport links.
45% shared ownership available for £123,750 based on £275,000 valuation
5% minimum deposit makes it accessible to first-time buyers
Allocated off-street parking included
Ground-floor two-bedroom with modern open-plan kitchen
Monthly total charges ~£830.05 (rent + service charge) before mortgage
Annual rent increase each April — affects long-term costs
Service charge approx. £3,511.64 pa; factor into affordability
Local recorded crime level is high — consider safety and insurance
This bright two-bedroom ground-floor apartment offers an affordable route onto the property ladder via Shared Ownership. The open-plan living area with a modern kitchen feels contemporary and practical, and allocated off-street parking adds everyday convenience for commuters and local drivers.
The location is a major selling point: Leatherhead station is within easy walking distance with direct trains into London approximately every 15 minutes, and the M25 is about a mile away. The 45% share is available for £123,750 (based on a £275,000 valuation) with a low 5% minimum deposit, making this attractive for first-time buyers needing smaller upfront costs.
Buyers should note the full cost picture: monthly rent (£536.08) plus an average monthly service charge (£293.97) gives total outgoing of about £830.05 before mortgage payments, and there is an annual rent increase each April. The property sits in an area with higher-than-average recorded crime; prospective purchasers should consider local safety and insurance implications.
Practical details: the lease has about 129 years remaining, EPC rating C, mains gas central heating, and fast broadband/mobile signal. The service charge (approx. £3,511.64 pa) covers communal maintenance; viewers who are budget-conscious should factor this into affordability calculations.
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