2 bedroom apartment for sale
Bradley Road, Clapham, SW4 8FA
Share percentage 26%, full price £645,000, £8,385 Min Deposit.
Share percentage 26%, full price £645,000, £8,385 Min Deposit.
Monthly Cost: £2,388
Rent £1,347,
Service charge £107,
Mortgage £934*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Clapham, London
Description
Modern, bright & spacious two-bedroom apartment now available in Clapham, London, through Shared Ownership.
The property comprises a wide living room with a large private balcony and an external storage room, an open-plan fitted kitchen, and two large bedrooms, one of them being ensuite. This could be ideal for a small family or a couple.
The flat is on the second floor of a newly built construction (circa 2020); it has allocated parking space and communal grounds.
Key Information Document
Available for £167,700 for 26% share based on the marketing figure of £645,000.
Monthly rent - £1347.45
Monthly Service Charge - £106.50
Total Monthly Charge - £1,453.95 plus mortgage required for 26% share.
An annual rent increase takes place every April
LocationThe property sits in a tranquil residential area in Clapham, South London, with several amenities nearby and the underground station just a mile away; there's also a local bus station on the main road. Central London can be reached in half an hour.
There are several schools in the area, many of which are just a few minutes' walk away.
EPC ratingEnergy rating band - B
Environmental impact band - B
Gross internal floor area: 81 m²
Living room & kitchen: 7.52 x 4.11 m
Bedroom 1: 5.38 x 3.30 m
Bedroom 2: 5.38 x 3.18 m
Years remaining on lease: 125
In certain cases, 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 apartment
- Modern building (2020)
- Allocated parking space
- Private balcony
- Available for 26% 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 26%, full price £645,000, £8,385 Min Deposit. Calculated using a representative rate of 5.03%
