2 bedroom apartment for sale
Brown Close, Wallington, SM6 9ER
Share percentage 50%, full price £315,000, £7,875 Min Deposit.
Share percentage 50%, full price £315,000, £7,875 Min Deposit.
Monthly Cost: £1,400
Rent £383,
Service charge £140,
Mortgage £877*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Wallington, Surrey
Description
Bright & modern two-bedroom apartment now available in Wallington, South London, through Shared Ownership.
The property comprises a living room, an open-plan fitted kitchen, and two large bedrooms, one of them being ensuite. This could be ideal for a couple or a small family.
The building was constructed around 2005 and it has allocated parking space.
Available for £157,500 for 50% share based on the marketing figure of £315,000.
Monthly rent - £382.79
Monthly Service Charge - £140.44
Total Monthly Charge - £523.23 plus mortgage required for 50% share.
An annual rent increase takes place every April
LocationThe property is located in a residential area in Roundshaw, Wallington, in South London. There's a few facilities just around the corner, including a supermarket chain, with more shops and restaurants on the main street.
Wallington and Waddon stations are within walking distance and allow to reach Central London in less than an hour. There's also a bus station nearby which allows to reach the railway stations and Croydon town centre.
EPC ratingEnergy rating band - C
Environmental impact band - B
Years remaining on lease: 106
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
- Ensuite bedroom
- Allocated parking
- Close to motorways
- Available for 50% 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 50%, full price £315,000, £7,875 Min Deposit. Calculated using a representative rate of 5.03%
