2 bedroom apartment for sale
Cavendish Road, Colliers Wood, SW19 2FL
Share percentage 40%, full price £600,000, £12,000 Min Deposit.
Share percentage 40%, full price £600,000, £12,000 Min Deposit.
Monthly Cost: £2,608
Rent £1,013,
Service charge £258,
Mortgage £1,337*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Colliers Wood, London
Description
This bright and spacious two-bedroom apartment in London is now available through Shared Ownership.
This property comprises a hallway, a large living room with a fitted kitchen, two bedrooms, a bathroom with an en-suite, and a private balcony. This apartment is perfect for couples or small families.
Key Information Document
Available for £240,000 for 40% share based on the marketing figure of £600,000.
Monthly rent - £1012.84
Monthly Service Charge - £258.33
Total Monthly Charge - £1,271.17 plus mortgage required for 40% share.
An annual rent increase takes place every April
LocationThis apartment is located in South West London, in the borough of Merton, with great travel links into central London. For commuters, one can be at Waterloo, London Bridge, and Kings Cross in half an hour, via the Northern Line from Colliers Wood tube station. It only is a 3-minute walk from the property.
There are various supermarkets and retail shops all within a 10-minute walk from the apartment. Including the Priory shopping center.
Wandle Park is only a 5-minute walk from the property, making this the perfect place to live for joggers and those with young children.
EPC ratingEnergy rating band - B
Environmental impact band - B
Gross internal floor area: 77.6 m²
Living room & kitchen: 9.10 x 6.17 m
Bedroom 1: 3.99 x 3.51 m
Bedroom 2: 4.55 x 2.79 m
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.
Key Features
- Two bedroom
- Two bathoom (En-suite included)
- Private Balcony
- Good travel links
- Available for 40% share
- 5% minimum deposit only
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 40%, full price £600,000, £12,000 Min Deposit. Calculated using a representative rate of 5.03%
