1 bedroom house for sale

Available

2 Naples Court, SW12 8SX

£239,250 · Shared Ownership Resale

Share percentage 55%, full price £435,000, £23,925 Min Deposit.

Available
1 bedroom
1 Bathroom
£239,250 Shared Ownership Resale

Share percentage 55%, full price £435,000, £23,925 Min Deposit.

Monthly Cost: £1,586
Rent £228, Service charge £144, Mortgage £1,214*

Calculated using a representative rate of 4.64%

Calculate estimated monthly costs

£
Summary

Our Summer Offer: A £1,000 Amazon voucher on completion!* Allocated parking / 24 hour concierge / Private balcony.

Description

Shared Ownership

Full Market Value: £435,000

Share Value (55%): £239,250

Monthly Rent: £228.14

Service Charge: £143.99

Council Tax Band: C

990 year lease commenced January 1994 - 959 years remaining

EWS1 - Guidance from the Royal Institute of Chartered Surveyors (RICS), means that lenders should no longer require an EWS1 form for this property. However,we cannot guarantee that all Mortgage lenders, brokers and valuers are utilising the same criteria.

For a limited time, enjoy a £1,000 Amazon voucher to help with your move on this 1 bedroom apartment*

L&Q welcomes you to view this one bedroom, ground floor apartment.

Thisbright andspaciousground floor apartment consistsof astylishopen-plan kitchen and living area, flooded with natural light from wide floor-length windows and door leading to private garden. The kitchen is fitted with white wall and base units and a granite effect worktop. The kitchen also benefits from integrated appliances including an oven, hob and extractor fan. Spacious main double bedroom benefitting from built-in storage cupboards. The bathroom comes complete with a white three-piece suite with a shower over bath and a tile surround with heated towel rail. Additional double storage cupboards in hallway. Allocated parking space.

This property benefits from a sinking fund. A sinking fund is a long-term savings plan that leaseholders contribute to every month through service charges. This is used to pay for major works that are required, such as replacing a roof.

There is a good selection of schools locally including Emanuel School, Finton House, Northcote Lodge, Thomas's Clapham, as well as many currently rated Ofsted-Outstanding state schools and excellent access to various well-known London day schools. There are many good pubs and bars in the area, including The Hope, The Althorp and Brinkleys. Northcote Road is a short walk away. For green space, Wandsworth Common, with its pitches and tennis courts, is at the end of the road. Clapham Common and Tooting Bec Common, with its popular lido and running track are close by. Wandsworth Common Overground station is on the doorstep, providing transport links to Victoria via Clapham Common. Nearby Tooting Bec provides access to the Underground on the Northern Line.

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 £59,611. If you are offered the home, your ability to afford this property will be assessed at your financial interview. Please note that applicants 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 a property in one of our schemes. If you are not registered please visit our website www.lqhomes.comand register to obtain your unique reference number.

*APPLICANTS MUST BE LIVING OR WORKING IN HAMMERSMITH & FULHAM/WANDSWORTH/WESTMINSTER AND REGISTERED WITH THE LOCAL AUTHORITY HOMEBUY TEAM

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.

*The £1,000 Amazon voucher is currently being offered on this 1-bedroom resale apartment and is applicable to any shared ownership purchase that completes on the sale within 6 months of receipt of the £500 reservation fee. The voucher will be supplied within 75 days of completion of the purchase and will be an E-Voucher, issued by email to the sole or primary purchaser. Further terms and conditions may be in place from the voucher provider, and it is the purchaser's responsibility to satisfy themselves of any terms applicable. The voucher cannot be offset against any fees or monies due from the purchase. L&Q will not be responsible for direct payments to any lenders, or third parties. Should the seller find a buyer through an Estate Agent for the full market value of the property, this offer will no longer apply. L&Q reserve the right to remove an incentive at any time. This incentive is for this property only and cannot be transferred to any other 1-bedroom resales shared ownership apartment.

Key Features
  • Long Lease Term
  • Allocated Parking Space
  • Private Garden
  • Good EPC Rating
Particulars

Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: C

Property Downloads
Key Information Document
Virtual Tour
https://nichecom.s3.eu-west-1.amazonaws.com/cat1000/2024/05/07/663a13f1090fe-1124244.mp4
Map
Wandsworth Common (0.29 miles) Balham (0.43 miles) Tooting Bec (0.47 miles)
Monthly Cost Calculator

The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.

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  • 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.

£239,250
Shared Ownership Resale
Estimated Monthly Cost:£1,586
Rent £228
Service Charge £144
Mortgage £1,214

Share percentage 55%, full price £435,000, £23,925 Min Deposit. Calculated using a representative rate of 4.64%


Disclaimer
The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.