2 bedroom apartment for sale
Brown Close, , SM6 9ER
Share percentage 60%, full price £320,000, £19,200 Min Deposit.
Share percentage 60%, full price £320,000, £19,200 Min Deposit.
Monthly Cost: £1,337
Rent £210,
Service charge £158,
Mortgage £969*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Wallington, London
Description
Spacious two-bedroom apartment in Wallington. The property comprises the double master bedroom, a secondary double bedroom, a lounge, a separate fitted kitchen, and a bathroom with a shower over the bath. The property also includes gas heating, allocated parking, and communal gardens.
Minimum income required: £65,255
This is reduced if a larger deposit is available.
More shares can be purchased, from a minimum of 5%.
Available for £192,000 for 60% share based on the marketing figure of £320,000.
Monthly rent - £209.68
Monthly Service Charge - £157.61
Total Monthly Charge - £367.29 plus mortgage required for 60% share.
An annual rent increase takes place every April
Layout and dimensionsGround Floor:
Communal entrance lobby with staircase
First Floor:
Private entrance hall with fitted storage cupboards
Bedroom one:
4.21 x 2.65.
Bedroom two:
fitted cupboard
4.22m x 3.01m
Bathroom with WC.
Reception room:
4.79 x 3.52.
Kitchen:
4.80 x 3.40.
Outside:
Private detached rear garden. Large timber framed summerhouse within the garden (fitted with power and water). Communal bin store. Allocated parking space.
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 - D
Environmental Impact Band - D
All room dimensions are approximate.
Please note figures given for the rent and service charge are correct at the time of marketing. There is an annual increase that takes place in April. Please contact us for more information.
Key Features
- Two bedrooms
- First Floor
- Private detached rear garden
- Allocated parking space
- Close to local amenities
- 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 £320,000, £19,200 Min Deposit. Calculated using a representative rate of 4.59%