2 bedroom apartment for sale
Festival Court, Cleeve Way, SM1 3TU
Share percentage 30%, full price £260,000, £3,900 Min Deposit.
Share percentage 30%, full price £260,000, £3,900 Min Deposit.
Monthly Cost: £1,395
Rent £699,
Service charge £262,
Mortgage £434*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Sutton, Surrey
Description
Beautiful, spacious two-bedroom apartment in Sutton, London. The property is on the first floor and comprises one double bedroom, a second bedroom, a lounge area with a fitted kitchen and bathroom, and an entrance hall with a secure entry system. The property also benefits from communal grounds, secure bike storage, and allocated parking.
Minimum income required: £36,252
This is reduced if a larger deposit is available.
More shares can be purchased, from a minimum of 5%.
Available for £78,000 for 30% share based on the marketing figure of £260,000.
Monthly rent - £699.12
Monthly Service Charge - £261.93
Total Monthly Charge - £961.05 plus mortgage required for 30% share.
An annual rent increase takes place every April
LocationGood travel links with and within walking distance to St Helier and Sutton Common. Close to local shops and local amenities and Leisure centre.
EPC ratingEnergy Rating Band - B
Environmental Impact Band - B
Ground Floor:
Communal entrance lobby with staircase and lift
First Floor:
Private entrance hall with fitted storage/airing cupboards
Bedroom one:
3.19m x 3.19m
Bedroom two:
2.63m x 3.26m (maximum dimensions).
Bathroom with WC
Open plan kitchen/reception room:
5.45m x 3.02 plus 4.89 x 2.22m
Outside:
Communal grounds and areas including bin and bike stores. Allocated parking space.
Years remaining on lease: 177
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
- Short walk to St Helier station
- Communal grounds
- Allocated parking space.
- 5% Deposit
- Available for 30% 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 30%, full price £260,000, £3,900 Min Deposit. Calculated using a representative rate of 5.03%