1 bedroom apartment for sale
Reed House, , SW19 8GY
Share percentage 40%, full price £295,000, £11,800 Min Deposit.
Share percentage 40%, full price £295,000, £11,800 Min Deposit.
Monthly Cost: £1,229
Rent £428,
Service charge £205,
Mortgage £596*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A 1 bed shared ownership property available in London, Greater London
Description
Bright, modern, and spacious one-bedroom apartment is available through Shared Ownership. This second-floor apartment with lift accesscomprises an entrance hall with storage cupboards, an open-plan kitchen and reception room, one large bedroom, bathroom with WC. The property also benefits from a private balcony with great viewsaccessed via the reception room and an allocated off-street parking space.
Minimum income required: £44,992
This is reduced if a larger deposit is available.
More shares can be purchased, from a minimum of 5%.
Available for £118,000 for 40% share based on the marketing figure of £295,000.
Monthly rent - £427.81
Monthly Service Charge - £205.17
Total Monthly Charge - £632.98 plus mortgage required for 40% share.
An annual rent increase takes place every April
Lease informationYears remaining on lease: 109
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 - B
Environmental Impact Band - B
Key Features
- One bedroom
- Second floor
- Private balcony
- Allocated parking space
- Open plan living area
- Available for 40% 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 40%, full price £295,000, £11,800 Min Deposit. Calculated using a representative rate of 4.59%
