Reservoir Court, Palace Road, SW2 3NG

Modern & spacious two-bedroom apartment in Lambeth, South London, is now available for Shared Ownership.

The property comprises a large living room and open-plan kitchen, a modern bathroom with shower over bath as well as a private balcony with a beautiful vista of a park. There are also two good-sized bedrooms, one of them being ensuite. This would be perfect for a small family or couple.

The flat sits on the ground floor of the building, constructed around 2020. There are also allocated parking and communal bike stores.

Available for £200,000 for 40% share based on the marketing figure of £500,000.

Monthly rent - £904.21
Monthly Service Charge - £125.35
Total Monthly Charge - £1,029.56 plus mortgage required for 40% share.

An annual rent increase takes place every April

Several train and bus stations are all close by, for easiness of travel to the Central area of the city or farther out. Central London can be reached in about 30 minutes. Brixton is a 5-minute drive or circa 15 minutes by bus.

Restaurants and pubs are all within walking distance, as well as parks such as Brockwell Park, Clapham Common and Tooting Common.

There are also several schools in the area for all levels, many of which are within walking distance.

Being in a residential area, this apartment gives both the advantages of the big city as well as the tranquillity of the suburbs.

Energy rating band - B
Environmental impact band - A

Gross internal floor area: 73 m²
Living room & kitchen: 8.69 x 3.35 m
Bedroom 1: 4.98 x 3.0 m
Bedroom 2: 5.00 x 2.67 m
Patio: 3.66 x 2.03 m

Years remaining on lease: 121

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.