1 bedroom apartment for sale
Stane Grove, SW9 9AL
Share percentage 45%, full price £425,000, £19,125 Min Deposit.
Share percentage 45%, full price £425,000, £19,125 Min Deposit.
Monthly Cost: £1,716
Rent £531,
Service charge £219,
Mortgage £966*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
You will need to be earning a guidance income of £60,494. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £19,125Total approximate savings required £23,125
Important borough specific eligibility criteria
Lambeth
Priority will go to applicants with a connection to Lambeth
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
First floor one bedroom home in the London borough of Lambeth for £191,2500 (45%) share price of £425,000 (full market price), available through Shared Ownership.
Description
First Floor
- Entrance hallway with storage
- Open plan sitting room/kitchen
- Double bedroom
- Bathroom
External
- Two Juliette balconies
- Bike storage unit
GIA
48 sqm
EPC rating
C
Length of lease
108 years remaining
Borough
Lambeth
Key Features
Local Transport
Clapham North - 0.3 miles
Clapham High Street - 0.4 miles
Brixton - 0.9 miles
Particulars
Tenure: Leasehold
Lease Length: 108 years
Council Tax Band: Not specified
Property Downloads
Floor Plan Energy CertificateMap
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 45%, full price £425,000, £19,125 Min Deposit. Calculated using a representative rate of 4.59%
