2 bedroom apartment for sale
Braid Court, 4 Twill Way, SM6 7EY
Share percentage 35%, full price £350,000, £6,125 Min Deposit.
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 dimensionsGround 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.
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 informationKey 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 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 35%, full price £350,000, £6,125 Min Deposit. Calculated using a representative rate of 5.03%