2 bedroom apartment for sale
Mollison Drive, , SM6 9BY
Share percentage 40%, full price £285,000, £5,700 Min Deposit.
Share percentage 40%, full price £285,000, £5,700 Min Deposit.
Monthly Cost: £1,056
Rent £366,
Service charge £55,
Mortgage £635*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Wallington, London
Description
Spacious, second-floor two-bedroom apartment in Wallington. The property comprises an open-plan lounge and a fitted kitchen. Double master bedroom and secondary bedroom, and family bathroom. The property benefits from allocated parking, a private balcony, and a communal garden.
Available for £114,000 for 40% share based on the marketing figure of £285,000.
Monthly rent - £366.10
Monthly Service Charge - £54.85
Total Monthly Charge - £420.95 plus mortgage required for 40% share.
An annual rent increase takes place every April
Layout and dimensionsGround Floor:
Communal entrance lobby with a staircase
Second Floor:
Private entrance hall with fitted storage cupboards.
Bedroom one:
3.01 x 4.02.
Bedroom two:
2.45 x 4.03 plus fitted
cupboard.
Open plan kitchen/reception room: 4.51 x 1.95 plus 3.71 x 4.14 (dimensions of maximum widths and lengths). Bathroom with
WC.
Outside:
Private balcony accessed via reception area. Communal grounds and areas, including bin and bike stores. Allocated parking
space.
Years remaining on lease: 113
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 - C
Environmental Impact Band - C
Key Features
- Two bedrooms
- Allocated parking
- Private 4
- Communal grounds
- Close to local amenities and gyms
- 5% deposit
- 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 £285,000, £5,700 Min Deposit. Calculated using a representative rate of 5.03%
