2 bedroom apartment for sale
Cedar House, Melliss Avenue, TW9 4BG
Share percentage 40%, full price £495,000, £9,900 Min Deposit.
Share percentage 40%, full price £495,000, £9,900 Min Deposit.
Monthly Cost: £2,351
Rent £1,077,
Service charge £171,
Mortgage £1,103*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Richmond, London
Description
Modern, bright & spacious two-bedroom apartment now available in Richmond, London, through Shared Ownership.
The property comprises a wide living room, a separate kitchen, and two large bedrooms. This could be ideal for a small family or a couple.
The flat is on the first floor of a relatively new construction (circa 2008); it has allocated parking space and shared green spaces.
Available for £198,000 for 40% share based on the marketing figure of £495,000.
Monthly rent - £1077.23
Monthly Service Charge - £170.82
Total Monthly Charge - £1,248.05 plus mortgage required for 40% share.
An annual rent increase takes place every April
LocationThe flat situates in the beautiful area of Kew Gardens in Richmond, South West of London.
The train station of Kew Gardens is just 10 minutes away on foot, where the overground and the District Line are available. Mortlake railway station is also available, a mile away.
Shops, restaurants and pubs are all nearby, also thanks to the Kew Retail Park shopping centre. The famous Kew Gardens are also within walking distance, with great green spaces and tranquility.
EPC ratingEnergy rating band - B
Environmental impact band - B
Years remaining on lease: 122
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
- Separate kitchen
- Great transport links
- Parking available
- Available for 40% 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 40%, full price £495,000, £9,900 Min Deposit. Calculated using a representative rate of 5.03%
