2 bedroom apartment for sale
Lowe House, 12 Hebden Place, London, SW8 2FT
Share percentage 25%, full price £730,000, £18,250 Min Deposit.
Share percentage 25%, full price £730,000, £18,250 Min Deposit.
Monthly Cost: £2,083
Rent £775,
Service charge £387,
Mortgage £921*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a Two Bedroom Apartment, on a Shared Ownership (Part Buy/Part Rent) Basis, through Clarion Housing
Description
This two-bedroom apartment benefits from a balcony which provides a very pleasant view of the well-tended communal garden. The property is on the sixth floor (two above garden level) and has an open-plan kitchen/reception room. There is a spacious bedroom with en-suite shower room plus a similar-sized second double bedroom, an stylish main bathroom and a generous amount of fitted storage in the entrance hallway. Lowe House is part of a modern development within the extensive Nine Elms regeneration area - an ambitious, multi-billion pound project steadily transforming what was already a desirable central London location. Well insulated walls, high performance glazing and underfloor heating supplied from a communal system make for a very good energy-efficiency rating. The development has a concierge, gym and a residents' lounge with private dining room and cinema room. The new Nine Elms Northern Line Station is just minutes away and Vauxhall Station is also within easy walking distance.
SHARED OWNERSHIP (Advertised price represents 25% share. Full market value £730,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [https://bit.ly/3auroBa]
(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)
Housing Association: Clarion.
Tenure: Leasehold (125 years from 2016).
Minimum Share: 25% (£182,500). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £775.37 per month (subject to annual review).
Service Charge: £387.04 per month (subject to annual review).
Ground Rent: £250.00 for the year.
Guideline Minimum Income: Dual - £76,000 | Single - £87,900 (based on minimum share and 10% deposit).
Council Tax: Band F, Lambeth. Priority is given to applicants living and/or working in this local authority.
This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone. Pets not permitted (except assistance animals). There is no parking space offered with this property.
Key Features
- Guideline Minimum Deposit £18,250
- Guideline Income £76k Dual | £87.9k Single
- Sixth Floor with Balcony
- Approx. 798 Sqft Gross Internal Area
- Underfloor Heating Throughout
- Communal Garden, Concierge and Gym
- Minutes from Nine Elms Station
- Short Walk to Vauxhall Station
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: F
Property Downloads
Floor Plan BrochureMap
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 £730,000, £18,250 Min Deposit. Calculated using a representative rate of 4.59%