2 bedroom apartment for sale
Reed House, Durnsford Road, SW19 8GY
Share percentage 25%, full price £410,000, £5,125 Min Deposit.
Share percentage 25%, full price £410,000, £5,125 Min Deposit.
Monthly Cost: £1,430
Rent £600,
Service charge £259,
Mortgage £571*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Wimbledon, London
Description
This bright, modern, well-decorated two-bedroom apartment is now available in Wimbledon through Shared Ownership.
The property on the sixth floor comprises an entrance hall, a spacious living room with a modern open-plan kitchen and a dining area, two double bedrooms, a bathroom and a private balcony. Outside, there is allocated parking available. Perfect for couples and small families.
Available for £102,500 for 25% share based on the marketing figure of £410,000.
Monthly rent - £600.09
Monthly Service Charge - £258.92
Total Monthly Charge - £859.01 plus mortgage required for 25% share.
An annual rent increase takes place every April
LocationThe property is located within a modern residential development of mostly similar properties close to Wimbledon in London.
The property is close to a range of local amenities including supermarkets, shops, and restaurants.Haydons Road rail station is roughly a 5-minute walk from the property and offers connections to central London.Wimbledon Park is also within walking distance of the property and offers connections on the District Line.
The property also benefits from close proximity to a range of parks and open spaces includingWandle Meadow Nature Park.
Plenty of schools are available within walking distance for all levels.
EPC ratingEnergy rating band - C
Environmental impact band - B
Years remaining on lease: 107
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.
Key Features
- Two-bedroom apartment
- Private balcony
- Available parking space
- Great travel links
- Available for 25% share
- 5% minimum deposit only
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor PlanMap
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 £410,000, £5,125 Min Deposit. Calculated using a representative rate of 5.03%
