Full price: £515,000 The full value of the property
Share value: 50% - £257,500
Estimated monthly cost*: £1,763
Estimated Monthly Mortgage*: £1,290
SO Resi Monthly Payment: £328.09 The monthly payment you make for the share of the home that you don't own
Monthly Service Charge**: £144.92 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.
** Monthly service charges are an estimate but include (where applicable); buildings insurance, ground rent, management and audit fees, cleaning, lighting, landscaping and general maintenance of communal areas.
Years on lease: 75
This spacious flat on the fourth floor of a purpose built in Vauxhall comprises hallway, open plan kitchen/living area, two bedrooms and separate shower-room. The property also benefits from allocated secure parking space. The property is located in close proximity to local amenities and transport links.
The flat is located close to local amenities; near to primary and secondary schools as well as parks and community gardens, local gyms and a local Sainsbury supermarket and Argos only within 10 mins walking distance.
A two bedroom fourth floor flat located in Vauxhall available through Shared Ownership Scheme.
Available for £257,500 for 50% share based on the marketing figure of £515,000.
SO Resi Monthly Payment - £328.09
Monthly Service Charge - £144.92
Total Monthly Charge - £473.01 PLUS MORTGAGE REQUIRED FOR 50% SHARE
Minimum Income - £79,252
The property comprises a two bedroom, purpose built fourth floor flat. The accommodation comprises hallway, spacious living room/kitchen area, two bedrooms and a shower-room. The property benefits form a secured underground parking space.
The remaining lease term is 75 years. The Valuation is reflective of the lower term. You will have the option of extending the lease, Metropolitan Thames Valley does not impose a minimum time that you must own the property before you can apply to extend the lease. You can even extend the lease at the same time that you purchase the property. You should discuss the lease term with your financial advisor / mortgage broker and your solicitor.
You can buy more shares for minimum of 10%.
Energy Rating Band - D
Environmental Impact Band - D
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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