Full price: £440,000 The full value of the property
Share value: 50% - £220,000
Estimated monthly cost*: £1,687
Estimated Monthly Mortgage*: £1,102
SO Resi Monthly Payment: £466.08 The monthly payment you make for the share of the home that you don't own
Monthly Service Charge**: £118.61 Residents of a development pay this for maintenance of communal/external areas
* Costs shown are approximate and based on a mortgage APR of 3.99% over 25 years. Minimum 5% deposit shown. An independent financial adviser will help guide you through the process.
** Residents of a development pay this for maintenance of communal/external areas
Years on lease: 173
This modern flat in central London is now available for sale through the Shared Ownership Scheme. The property comprises hall, reception, fitted kitchen, one spacious double bedroom and bathroom. There is very good storage throughout the flat. In addition there is a communal garden which the flat overlooks and it's only 3 minutes to Clapham North tube. Externally the property offers private balcony and one allocated parking space.
The subject property is close to the A3, Clapham North (Northern Line) underground station and Clapham High Street main line railway station.
A one bedroom apartment located in London available through the Shared Ownership Scheme.
Available for £220,000 for 50% share based on the marketing figure of £440,000.
SO Resi Monthly Payment - £443.89
Monthly Service Charge - £118.61
Total Monthly Charge - £562.5 PLUS MORTGAGE REQUIRED FOR % SHARE
Minimum income requirement - £69,007
London properties - Incomes required are based on the following assumptions: Deposit 5%, mortgage interest rate 2.99% & mortgage term 25 years. Income required will be reduced if you have a higher deposit available.
Buy more shares for a minimum of 10%
The property is a one bedroom, second floor flat within a four storey purpose-built residential development of fifteen flats.
3.20 x 4.70
3.08 x 1.97
3.09 x 3.76
Bathroom with WC
1.99 x 2.40
The subject property has a balcony and allocated parking.
Energy Rating Band - B
Environmental Impact Band - B
All room dimensions approximate.
Please note figures given for SO Resi monthly payment and service charge are correct at time of marketing. There is an annual increase that takes place. Please contact us for more information.
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