1 bedroom apartment for sale
Mollison Drive, , SM6 9GX
Share percentage 60%, full price £250,000, £15,000 Min Deposit.
Share percentage 60%, full price £250,000, £15,000 Min Deposit.
Monthly Cost: £1,031
Rent £228,
Service charge £46,
Mortgage £757*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A 1 bed shared ownership property available in Wallington, London
Description
Beautifully presented, modern first-floor one-bedroom apartment in Wallington. The property comprises a spacious, airy lounge, kitchen with space for a dining table, large double bedroom, and bathroom with shower over bath. The property benefits from allocated parking and a rear garden. This property would make the perfect home for a first-time buyer.
Minimum income required: £50,827
This is reduced if a larger deposit is available.
More shares can be purchased, from a minimum of 10%.
Available for £150,000 for 60% share based on the marketing figure of £250,000.
Monthly rent - £228.32
Monthly Service Charge - £45.79
Total Monthly Charge - £274.11 plus mortgage required for 60% share.
An annual rent increase takes place every April
Layout and dimensionsBedroom:
3.876m (max) x 3.017m
Reception Room:
3.301m x 3.762m
Kitchen:
4.882m x 2.380m
Bathroom with WC
3.308m x 1.635m
Years remaining on lease: 108
The remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.
EPC ratingEnergy Rating Band - C
Environmental Impact Band - C
All room dimensions are approximate.
Please note figures given for SO Resi monthly payment and service charge are correct at the time of marketing. There is an annual increase that takes place. Please contact us for more information.
Key Features
- One bedroom
- Allocated parking space
- First Floor
- Rear Garden
- Reasonable travelling distance of the shopping and recreational facilities
- Available for 60% share
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 60%, full price £250,000, £15,000 Min Deposit. Calculated using a representative rate of 4.59%
