Merrileas Drive, Oxshott, Leatherhead

Property Details: - Type: Apartment - Bedrooms: 2 - Bathrooms: 1

Agent: SOWN - National Phone: 023 8221 9179

This superb modern home is available to buy from as little as £141,750 with a 35% share with NO ONWARD CHAIN!<br/><br/>This well-presented property is part of a three-story building and offers comfortable living across a thoughtfully designed layout. The apartment comprises two generously sized bedrooms, a modern family bathroom, a welcoming and airy living room, and a fully equipped kitchen.<br/><br/>The property also benefits from allocated parking, providing peace of mind in this popular area. Natural light fills the living spaces, creating a warm and inviting atmosphere, while the bedrooms offer ample space for rest and relaxation. Being on the first floor, the apartment enjoys privacy while remaining easily accessible.<br/><br/>Leatherhead offers excellent transport links, including direct train services to London Waterloo and Victoria, with journey times of around 45 to 50 minutes. The town also benefits from proximity to the M25 motorway, local bus services, and easy access to walking and cycling routes around the Surrey Hills.<br/>Residents will enjoy a wide range of amenities, including a town centre with shops, cafés, restaurants, pubs, and the covered Swan Centre for retail convenience. There are also parks, riverside walks, and green spaces nearby, making the area ideal for outdoor leisure. Local schools, community facilities, and cultural venues add to Leatherhead’s appeal as a well-rounded, family-friendly location.<br/><br/>PRICING & AFFORDABILITY<br/><br/>Full Market Value: £405,000<br/><br/>35% Share Price: £141,750 (rent £690.00pcm)<br/>Minimum 5% Mortgage Deposit (35% share): £7088<br/>Approximate Service Charges: £162.30pcm* <br/>Lease: 989 years <br/><br/>ELIGIBILITY<br/><br/>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.<br/><br/>To be eligible for shared ownership you would need to meet the following criteria:<br/><br/>• Your annual household income does not exceed £80,000<br/>• You have a deposit of at least 5% of the share value<br/>• You do not own another property or have your name on the deeds or a mortgage for a property worldwide. <br/>• This will be your only residence.<br/>• You are a permanent UK resident or have indefinite right to remain.<br/><br/>*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.<br/><br/>* This home can also be purchased outright (100% of the value) which is 405,000 and a purchaser would not need to meet the eligibility criteria listed above. <br/><br/>