2 bedroom apartment for sale
Chenille Court, , SM6 7BF
Share percentage 60%, full price £340,000, £10,200 Min Deposit.
Share percentage 60%, full price £340,000, £10,200 Min Deposit.
Monthly Cost: £1,652
Rent £356,
Service charge £160,
Mortgage £1,136*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Wallington, London
Description
A modern third-floor apartment in Wallington is available for sale through the Shared Ownership Scheme. The property comprises two double bedrooms, an open-plan kitchen/dining, and a living room that provides a very spacious feel, with direct access to a balcony. This property would be perfect for first-time buyers or a new family.
Available for £204,000 for 60% share based on the marketing figure of £340,000.
Monthly rent - £356.37
Monthly Service Charge - £159.87
Total Monthly Charge - £516.24 plus mortgage required for 60% share.
An annual rent increase takes place every April
Layout and dimensionsGround Floor:
Communal entrance lobby with staircase
Third Floor:
Private entrance hall with fitted storage cupboard.
Bedroom one:
2.80 x 4.75m
Bedroom two:
1.73 x 4.75m
Open plan kitchen/reception room: 2.95 x 8.02m
Outside:
Private balcony accessed via reception area. Communal grounds and areas, including bin and bike stores. Allocated parking space.
Years remaining on lease: 119
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 - B
Environmental Impact Band - B
Key Features
- Two bedrooms
- Third floor flat
- Contemporary design
- Communal grounds
- Private balcony
- Allocated parking space
- 5% Deposit
- Available for 60% 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 60%, full price £340,000, £10,200 Min Deposit. Calculated using a representative rate of 5.03%
