2 bedroom apartment for sale
Canon Court, SM6 0AR
Share percentage 50%, full price £270,000, £13,500 Min Deposit.
Share percentage 50%, full price £270,000, £13,500 Min Deposit.
Monthly Cost: £1,339
Rent £351,
Service charge £303,
Mortgage £685*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
Summary
Opposite Wallington train station / Communal roof terrace
Description
SHARED OWNERSHIP
Full Market Value: £270,000
You pay (50%): £135,000
Monthly Rent: £383.85
Service Charge: £427.62
Ground Rent: N/A
Council Tax Band: C
125-year lease commenced January 2012 - 113 years remaining
EWS1 B2 Rating (due to be upgraded to B1 at no cost to the leaseholders)
**Available end of August 2024**
This enviably located flat is ideal for those who commute, as it's directly opposite Wallington mainline Station. The eclectic mix of bars, restaurants, leisure facilities and shops that Wallington High Street has to offer are only within 0.2 miles, along with Mellows and Beddington parks being situated within 0.9 miles.
The buyer will require a deposit to obtain a mortgage for this property.
To meet the requirements for this property we require as a guideline, a minimum household income of £56,009.If you are offered the property, your ability to afford this property will be assessed at your financial interview. Please note thatapplicants should purchase the maximum share that they can afford and sustain.
Only applicants who are registered with London and Quadrant will be eligible to be offered the property for our schemes. If you are not registered please visit our website www.lqhomes.comand register to obtain your unique reference number.
Your home is at risk if you fail to keep up repayments on a mortgage, rent or other loan secured on it. Please make sure you can afford the repayments before you take out a mortgage.
These particulars are of opinion only, are intended to give a fair description and do not form the basis of a contract. The descriptions and all other information are believed to be correct as of May 2024.
Key Features
- Spacious living area open plan to kitchen
- Kitchen fitted with beech effect wall and base units, grey worktops and with integrated oven/hob/extractor fan. Space for a fridge/freezer
- Double bedroom with fitted wardrobe
- Bathroom fitted with white suite and shower over bath with glass shower screen
- Entry phone system
- Juliette balcony
- Communal roof terrace
Particulars
Tenure: Leasehold
Lease Length: 113 years
Council Tax Band: C
Property Downloads
Key Information Document 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 50%, full price £270,000, £13,500 Min Deposit. Calculated using a representative rate of 4.64%