Collcutt Lodge

Available

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.

Location

The subject property is close to the A3, Clapham North (Northern Line) underground station and Clapham High Street main line railway station.

Description

Key Features

  • One bedroom second floor flat
  • Good condition
  • Double glazed
  • Private balcony
  • Gas central heating system
  • Allocated parking space
  • Close to local amenities in London


Full Description

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.

Property Details

Ground Floor
Communal Entrance.

Second Floor
Hall

Reception
3.20 x 4.70

Kitchen
3.08 x 1.97

Bedroom
3.09 x 3.76

Bathroom with WC
1.99 x 2.40

Externally
The subject property has a balcony and allocated parking.

EPC Rating

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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