2 bedroom apartment for sale
Bradley Road, SW4 8FA
Share percentage 65%, full price £575,000, £18,688 Min Deposit.
Share percentage 65%, full price £575,000, £18,688 Min Deposit
Monthly Cost: £2,662
Rent £500,
Service charge £80,
Mortgage £2,082*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
ELIGIBILITY
Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.
To be eligible for shared ownership you would need to meet the following criteria:
• Your annual household income does not exceed £90,000.
• You have a deposit of at least 5% of the share value.
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.
*Service charges are estimated and may subject to change.
** This home can also be purchased outright (100% of the value) which is £575,000 and a purchaser would not need to meet the eligibility criteria listed above.
Summary
This property is available to buy for as little as £373,750 for a 65% share.
Description
Shared Ownership
This property is available to buy for as little as £373,750 for a 65% share.
No onward chain. Offered to the market stands this beautifully presented 2 bedroom, 2 bathroom apartment in the newly built (2019 build) Bradley Road.
This property benefits from a large entrance hall with ample storage, 2 double bedrooms with an en suite bathroom to the master, large open plan kitchen/living room and a family bathroom.
This apartment further benefits from good size private balcony, underground residents parking, communal grounds and bike storage.
PRICING AND AFFORDABILITY
Full market value: £575,000
65% Share Price: £373,750
Rent (65% share): £584.89 pcm
Service charge: £147.43 pcm
Lease: Approx. 126 years remaining
Key Features
Two bedroom apartment
Private balcony
Built in 2019
Large open plan kitchen/living room
En suite bathroom to master bedroom
Great transport links
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor PlanMap
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: n/a
Outside Space/Garden: n/a
Year property was built: Enquire with provider
Unit size: Enquire with provider
Accessible measures: Enquire with provider
Heating: Enquire with provider
Sewerage: Enquire with provider
Water: Enquire with provider
Electricity: Enquire with provider
Broadband: Enquire with provider
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 65%, full price £575,000, £18,688 Min Deposit. Calculated using a representative rate of 5.03%
