2 bedroom apartment for sale
Somerset Court, 43 Somerset Road, TW11 8GU
Share percentage 40%, full price £500,000, £20,000 Min Deposit.
Share percentage 40%, full price £500,000, £20,000 Min Deposit.
Monthly Cost: £1,884
Rent £740,
Service charge £134,
Mortgage £1,010*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
You will need to be earning a guidance income of £69,361. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £20,000 Total approximate savings required £24,000.
Important borough specific eligibility criteria - Richmond
All London applicants will be considered with priority given to people who live/work in the borough.
Applicants must be earning under £90,000 to be eligible for one, two and three bedroom apartments.
If you are an existing homeowner we will not be able to allocate you a home unless you have found a buyer for your existing home and are deemed to be in need of housing by your local council.
Summary
Raised ground floor two bedroom flat in Richmond available through Shared Ownership 40% share at £200,000. Full market price £500,000
Description
Raised ground floor
- Entrance Hall
- Open plan kitchen
- Living room
- Two bedroom
- Bathroom with W.C.
External
- Communal central courtyard/gardens
- Cycle store
- Single allocated
- Balcony
GIA
84 sqm
EPC rating
B
Length of lease
90 years
Key Features
- Communal central courtyard/gardens
- Cycle store
- Single allocated
- Balcony
Local Transport
- Teddington -0.6 miles
Particulars
Tenure: Leasehold
Lease Length: 90 years
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 £500,000, £20,000 Min Deposit. Calculated using a representative rate of 4.59%
