2 bedroom apartment for sale

Under Offer

Braid Court, 4 Twill Way, SM6 7EY

£122,500 · Shared Ownership Resale

Share percentage 35%, full price £350,000, £6,125 Min Deposit.

Under Offer
2 bedrooms
Floor plan
floor-plan
Floor plan
floor-plan
£122,500 Shared Ownership Resale

Share percentage 35%, full price £350,000, £6,125 Min Deposit.

Monthly Cost: £1,422
Rent £569, Service charge £171, Mortgage £682*

Calculated using a representative rate of 5.03%

Calculate estimated monthly costs

£
Summary

A 2 bed shared ownership property available in Wallington, London

Description

A modern, well-presented contemporary first-floor apartment in Wallington is available for sale through the Shared Ownership Scheme. The accommodation comprises an open-plan living area with a kitchen and space for a dining table, master bedroom, secondary bedroom, and bathroom with shower over bath. The property also benefits from a private balcony,Communal grounds and areas, allocated parking space, and additional visitor parking if needed.

KIDS Document

Minimum income required: £47,906

This is reduced if a larger deposit is available.

More shares can be purchased, from a minimum of 5%.

Available for £122,500 for 35% share based on the marketing figure of £350,000.

Monthly rent - £569.29
Monthly Service Charge - £171.03
Total Monthly Charge - £740.32 plus mortgage required for 35% share.

An annual rent increase takes place every April

Layout and dimensions

Ground Floor:
Communal entrance lobby with staircase

First Floor:
Private entrance hall with fitted storage cupboard.

Bedroom one:
3.20 x 3.26 (dimensions of main room
area).

Bedroom two:
3.41 x 2.64.

Open plan kitchen/reception room:
4.04 x 5.78.

Bathroom with WC

Outside:
Private balcony accessed via reception area. Communal grounds and areas, including bin and bike stores.
Allocated parking space. Additional visitor parking.

Lease information

Years remaining on lease: 119

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.

Other information
Key Features
  • Two bedrooms
  • First floor
  • Close to local amenities
  • Short walk to Hackbridge station
  • Balcony
  • Communal grounds
  • Allocated parking
  • £6,125 minimum deposit
  • Available for 35% share
Particulars

Tenure: Not specified
Council Tax Band: Not specified

Property Downloads
Floor Plan
Map
Hackbridge (0.22 miles) Carshalton (0.69 miles) Mitcham Junction (1.09 miles)
Monthly Cost Calculator

The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.

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  • 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.

£122,500
Shared Ownership Resale
Estimated Monthly Cost:£1,422
Rent £569
Service Charge £171
Mortgage £682

Share percentage 35%, full price £350,000, £6,125 Min Deposit. Calculated using a representative rate of 5.03%


Disclaimer
The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.