1 bedroom apartment for sale

Available

Hurley Court, Mitcham Rd, SW17 9DE

£90,000 · Shared Ownership Resale

Share percentage 25%, full price £360,000, £9,000 Min Deposit.

Available
1 bedroom
1 Bathroom
Private Balcony/Terrace
Pets allowed
Floor plan
floor-plan
Floor plan
floor-plan
£90,000 Shared Ownership Resale

Share percentage 25%, full price £360,000, £9,000 Min Deposit.

Monthly Cost: £1,141
Rent £433, Service charge £251, Mortgage £457*

Calculated using a representative rate of 4.64%

Calculate estimated monthly costs

£
Summary

Our Summer Offer: A £1,000 Amazon voucher on completion!* Private Balcony / Pets Allowed / Communal Roof Terrace.

Description

Shared Ownership

Full Market Value: £360,000

Share Value (25%): £90,000

Monthly Rent: £433.30

Service Charge: £251.05

Ground Rent: £200.00 PA

Council Tax Band: C

125 year lease commenced July 2003 - 104 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 andspaciousone bedroom apartment consistsof astylishopen-plan kitchen and living area, flooded with natural light from wide floor-length windows and door leading to private a balcony. The kitchen is fitted with beech wall and base units and grey worktops. The kitchen also benefits from integrated appliances including a oven, hob and extractor fan. Spacious main double bedroom. The bathroom comes complete with a white three-piece suite with a shower over bath and a tile surround. Additional three storage cupboards in hallway.

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.

Tooting Broadway is less than 10 minute's walk away offering a range of high street stores. Sainsbury's local is directly across the road from the development and there is a large Sainsbury's at Tooting Broadway station. If you like to keep fit, there is a fully equipped gym directly opposite the property. There is also a Post Office, corner shop, and public houses within half a mile of the development. Taking the Northern Line, it's just about 4 minutes to Balham and about six minutes to Wimbledon. Take the bus and underground to Morden; the journey is approximately 22 minutes while traveling to Oxford Circus from Tooting Broadway on the tubes takes approximately 25 minutes. If you want to get to London Bridge from Tooting Station, it's approximately 36 minutes by bus and train and the journey time to London Waterloo is around 30 minutes by rail. The area is served by several bus routes that travel to a wide variety of destinations including Streatham, Putney, Waterloo, and Brixton.

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 £43,039. 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
  • Pets Allowed
  • Private Balcony
  • Entry phone system and Lift
  • Bicycle storage
  • Communal roof terrace
Particulars

Tenure: Leasehold
Lease Length: 104 years
Council Tax Band: C

Property Downloads
Key Information Document Floor Plan Energy Certificate
Virtual Tour
https://nichecom.s3.eu-west-1.amazonaws.com/cat1000/2024/05/17/6647156b4ded0-1123802.mp4
Map
Tooting (0.22 miles) Tooting Broadway (0.54 miles) Colliers Wood (0.87 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.

£90,000
Shared Ownership Resale
Estimated Monthly Cost:£1,141
Rent £433
Service Charge £251
Mortgage £457

Share percentage 25%, full price £360,000, £9,000 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.