1 bedroom apartment for sale
Ian Macdonald Court, , SM6 9FD
Share percentage 50%, full price £220,000, £11,000 Min Deposit.
Share percentage 50%, full price £220,000, £11,000 Min Deposit.
Monthly Cost: £831
Rent £196,
Service charge £80,
Mortgage £555*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A 1 bed shared ownership property available in Wallington, London
Description
This well-presented flat in Wallington is available now for sale through the Shared Ownership Scheme. The property comprises one spacious bedroom, open plan reception room with fitted kitchen with access to balcony, bathroom with WC and ample storage cupboard. Externally the property benefits from allocated parking space and well-kept communal grounds.
- Minimum income requirement - £34,438
- Income requirement reduces if a higher deposit's available
- Buy more shares for a minimum of 10%
Available for £110,000 for 50% share based on the marketing figure of £220,000.
SO Resi Monthly Payment - £195.90
Monthly Service Charge - £79.91
Total Monthly Charge - £275.81 plus mortgage required for 50% share.
Read more about our Covid-19 update:https://soresi.co.uk/covid-19-message-resales/
EPC ratingEnergy 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.
Key Features
- One bedroom
- Private balcony
- First floor apartment
- Communal space
- Allocated parking
- Close to a range of facilities
- Available at 50% for shared ownership
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor PlanMap
The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.
- Rent: This is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes).
- Service Charge: Covers maintenance and repairs for communal areas within your development.
- Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.
NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.
Share percentage 50%, full price £220,000, £11,000 Min Deposit. Calculated using a representative rate of 4.59%
