1 bedroom apartment for sale
Chancery Building, 3 New Mill Road, SW11 7AS
Share percentage 50%, full price £600,000, £30,000 Min Deposit.
Share percentage 50%, full price £600,000, £30,000 Min Deposit.
Monthly Cost: £1,948
Rent £163,
Service charge £270,
Mortgage £1,515*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
One bedroom apartment with private balcony near the iconic Battersea Power Station.
Description
Property reference number: 1638949
Experience life in Zone 1 in the hub of London's newest neighbourhood near the iconic Battersea Power Station. Chancery Building in Wandsworth is a beautiful must-see one double-bedroom apartment located on the eighth floor in a 12-storey block built in 2015. The approximate size of the flat is 50 sq. m. and the lease remaining on the property is 117 years.
There are good transport links with the new Battersea Power Station underground station 0.4 miles away. Nine Elms and Vauxhall Stations, served by London Overground & Southern Rail linking to Victoria Train Station in 4 minutes, are also nearby.
Local amenities, including a large Waitrose, bars, cafes, restaurants and leisure facilities are located 0.1 miles away along Nine Elms Lane. Battersea Park and St. George's Wharf is within easy reach.
Key Features
Private balcony
Open plan kitchen
Integrated kitchen appliances
What happens after I register my interest?
After registering your interest for a Peabody home, you will receive an email confirmation from us. The email will confirm what you need to do next to secure a property viewing which includes completing a financial assessment with a mortgage advisor and completing the Shared Ownership Application Form.
If you don’t receive this email within an hour of your registration, please check your spam or junk folders and set your spam filter to allow incoming emails from Peabody. If you still haven’t received the email after checking here, please contact href="mailto:[email protected]">[email protected] and our team will be able to help you.
What is Shared Ownership?
Available to purchase through Shared Ownership, purchasers are able to buy as much of the property as they can afford, from 25 - 75%, paying a low cost rent on the remaining unpurchased 'share' of the home. What's more, your mortgage deposit is based on the value of the share you buy, not the full market value, making these high-spec homes even more affordable in such a sought after location.
Financial information
- Tenure: Leasehold
- Remaining lease term: 117 Years
- Annual ground rent amount: £0
- Annual ground rent amount: No ground rent to pay until final staircasing. Payable upon final staircasing. This will be £300.00 per annum
- Annual service charge amount: £3,492.24
- Service charge review period: 1st April annually
- Council tax band: Band E
Particulars
Tenure: Not specified
Council Tax Band: E
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 50%, full price £600,000, £30,000 Min Deposit. Calculated using a representative rate of 4.59%
