1 bedroom apartment for sale
Priscilla Court, Merton Road, SW18 5EQ
Share percentage 25%, full price £440,000, £5,500 Min Deposit.
Share percentage 25%, full price £440,000, £5,500 Min Deposit.
Monthly Cost: £1,708
Rent £924,
Service charge £157,
Mortgage £627*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
Eligibility
You may be eligible for this property if:
· Register your interest (pink button on the right)
· Have a passed initial financial assessment with one of the below companies:
SRC Mortgage Solutions (https://www.srcmortgagesolutions.com/)
TMP The Mortgage People (tmpmortgages.co.uk)
Mortgage Advice Bureau | UK’s leading mortgage intermediary (https://www.mortgageadvicebureau.com)
· You have a gross household income of no more than £90000 per annum when eligible to purchase.
· Live or work in the borough
· You are unable to purchase a suitable home to meet your housing needs on the open market. (Shares cannot be purchased in cash unless you are unable to obtain a mortgage due to age or religious grounds)
· You do not already own a home, or you will have sold your current home before you purchase or rent.
· To purchase this 25% minimum share you will need a minimum joint household income of £29,427 and available savings of £5,500for a 5% mortgage deposit.
Summary
Southern housing are excited to offer this stunning 1 bed ground floor flat in Wandsworth..
Description
- Significantly larger than average (62sqm) 1 bed, ground floor flat in excellent condition
- Neutrally decorated throughout
- Private front-facing garden
- Part of a small block of flats so friendly neighbours who regularly help each other (taking deliveries if out etc.)
Lease Term: 125 years from commencement date 1st April 2017 ~ 118 years remaining
EPC Rating: C - 78
Council: Wandsworth
Council tax band: D
Total floor area- 62sqm
Viewings by appointment only. Please note Social Distancing measures need to be followed. Please contact resales Sales.services2@southernhousing.org.uk for the vendors details.
Once you have viewed the property, if you wish to apply, application form attached to the viewing email, need to be returned to Southern Housing ASAP - on a first come first serve basis.
Please note though that if a high volume of applications is received, the deadline might be brought forward.
*Please note the successful applicant will be required to pay a £250 non-refundable reservation fee once offered the property.
Key Features
- Situated in a sought-after location close to:
o Local park King George’s Park (2 minute walk)
o Southside Shopping Centre and various supermarkets / other amenities (e.g. doctor’s surgery, dentist, gyms etc. within a 5-10 minute walk)
o Numerous public transport options (bus stop 100m away to get to Clapham Junction in 15 minutes, Wandsworth Town and Earlsfield both within a 15/20 minute walk and Southfield tube station a 12 minute walk)
- Falls under Wandsworth Council tax (cheapest in the country)
Particulars
Tenure: Leasehold
Lease Length: 118 years
Council Tax Band: D
Map
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 25%, full price £440,000, £5,500 Min Deposit. Calculated using a representative rate of 5.26%