2 bedroom apartment for sale
Ketley House, Garratt Lane, SW18 4GR
Share percentage 25%, full price £500,000, £6,250 Min Deposit.
Share percentage 25%, full price £500,000, £6,250 Min Deposit.
Monthly Cost: £1,792
Rent £875,
Service charge £221,
Mortgage £696*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Wandsworth, London
Description
Spacious, modern two-bedroom first floor in Wandsworth available for Shared Ownership. This property comprises the master bedroom with en-suite and built-in wardrobe, secondary double bedroom, private entrance hall with storage, bathroom with WC, living room, and kitchen with appliances. Also benefits allocated parking.
Minimum income required: £52,773
This is reduced if a larger deposit is available.
More shares can be purchased, from a minimum of 5%.
Available for £125,000 for 25% share based on the marketing figure of £500,000.
Monthly rent - £875.13
Monthly Service Charge - £221.46
Total Monthly Charge - £1,096.59 plus mortgage required for 25% share.
An annual rent increase takes place every April
LocationThe property is off the main road in a quiet location in central Wandsworth within walking distance to many local amenities including Sainsbury's, cinema, and pubs and bars. King George Park is a beautiful park withornamental gardens, an ecology site, a lake and riverside walk, A play area, and an adventure playground, all just a just short from the apartment. There are also bus services available just a 1 minute's walk away from the property including night buses.
EPC ratingEnergy Rating Band - C
Environmental Impact Band - C
Years remaining on lease: 83
In certain cases, 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.
Key Features
- Two bedrooms
- First floor
- En-suite
- Allocated parking
- Close to local amenities in Wandsworth
- Short walk to Wandsworth Town
- 5% deposit
- Available for 25% 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 25%, full price £500,000, £6,250 Min Deposit. Calculated using a representative rate of 5.03%
