1 bedroom apartment for sale
Available
New Mansion Square, Battersea, SW8 5AB
£146,250
·
Shared Ownership New Build
Share percentage 25%, full price £585,000, £14,625 Min Deposit.
Available
1 bedroom
Floor plan
Floor plan
Share percentage 25%, full price £585,000, £14,625 Min Deposit.
Monthly Cost: £1,912
Rent £971,
Service charge £187,
Mortgage £754*
Calculated using a representative rate of 4.80%
Calculate estimated monthly costs
£
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Eligibility
You may be eligible for this property if: You are at least 18 years old, Your annual household income is less than £90,000, You are unable to purchase a suitable home to meet your housing needs on the open market, You do not already own a property or you are in the process of selling your property
Summary
A spectacular new collection of ready-to-move-into apartments with concierge and residents' garden | Save up to £8,062 with 5% cashback*
Description
Discover New Mansion Square near the iconic Battersea Power Station | Now over 70% sold!
These ready-to-move-into homes boast spacious open-plan, light-filled layouts, private outdoor space, and access to fantastic on-site amenities including a concierge service and a residents' garden.
These ready-to-move-into homes boast spacious open-plan, light-filled layouts, private outdoor space, and access to fantastic on-site amenities including a concierge service and a residents' garden.
Plus, you will benefit from excellent transport links nearby with Battersea Park, Battersea Power Station, Nine Elms, and Queenstown Road all serving the Northern Line, Overground, and Southern Railway.
All just a stone's throw from the iconic Battersea Power Station - now one of London's best shopping and leisure destinations.
Why buy at New Mansion Square?
- Light-filled, dual-aspect open-plan living area with contemporary designs
- Fully integrated kitchen and bathroom
- Private balcony
- Well-connected Zone 1 location, minutes from Battersea Power Station underground station
- Residents' podium and communal garden
- Concierge service
- Buzzing iconic location close to an eclectic mixture of bars, restaurants and cafes
- Reserve and save up to £8,062 with 5% cashback*
Example Shared Ownership Cost Breakdown - 25% share
* Full market value = £585,000
* 25% share price = £146,250
* Estimated monthly rent = £1005 (charged at 2.75% of the unsold equity)
* Estimated monthly service charge: £187
* Full market value = £585,000
* 25% share price = £146,250
* Estimated monthly rent = £1005 (charged at 2.75% of the unsold equity)
* Estimated monthly service charge: £187
Example Shared Ownership cost breakdown - 40% share
* Full market value = £585,000
* Example 40% share price = £234,000
* Estimated monthly rent = £804 (charged at 2.75% of the unsold equity)
* Estimated monthly service charge = £187
* Full market value = £585,000
* Example 40% share price = £234,000
* Estimated monthly rent = £804 (charged at 2.75% of the unsold equity)
* Estimated monthly service charge = £187
Example Shared Ownership cost breakdown - 60% share
* Full market value = £585,000
* Example 60% share price = £351,000
* Estimated monthly rent = £536 (charged at 2.75% of the unsold equity)
* Estimated monthly service charge = £187
* Full market value = £585,000
* Example 60% share price = £351,000
* Estimated monthly rent = £536 (charged at 2.75% of the unsold equity)
* Estimated monthly service charge = £187
Financial information
Tenure: Leasehold
Length of lease: 990 Years
Annual ground rent amount: £0
Ground rent review period: N/A
Annual service charge amount from £2,245.74
Service charge review period: Annual
Council tax band: TBC
What is Shared Ownership?
Shared Ownership is a government-backed part buy, part rent scheme that helps you to purchase a home that otherwise may not have been affordable. Through Shared Ownership, you can purchase a ‘share’ of a home, typically between 25% and 75%, and pay rent on the remaining amount. Then, over time, you can purchase more shares all the way up to 100%, or simply sell your home on the open market.
What's more, your deposit is based on the value of the share you buy, not the full market value, making these high-spec homes even more affordable when compared to buying a home outright.
Register your interest or search “Peabody New Homes Shared Ownership” to find out more.
Disclaimers & T&Cs
*Shared Ownership cost breakdowns and financial information provided is estimated and will differ based on individual circumstances and the specific home reserved.
*5% cashback offer is subject to availability and available on remaining 1-bedroom homes. The maximum available incentive is £8,062 (based on 73 Arden Mansions). Total cashback must not exceed 5% of the 25% property share value (0.0125% of full market value). Incentive payable upon completion of contracts. Offer per individual household/home sold and cannot be used in conjunction with any other offer. Additional T&Cs, eligibility and affordability criteria may apply. Please speak to a member of our sales team for more details or visit peabodynewhomes.co.uk/offers. Offer valid on reservations taken from 5 July to 30 September 2024. Prices and details correct from July 2024.
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: Not specified
Property Downloads
Floor Plan BrochureVirtual Tour
Map
Battersea Power Station (0.21 miles)
Battersea Park (0.44 miles)
Queenstown Road (0.46 miles)
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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.
£146,250
Shared Ownership New Build
Estimated Monthly Cost:£1,912
Rent
£971
Service Charge
£187
Mortgage
£754
Share percentage 25%, full price £585,000, £14,625 Min Deposit. Calculated using a representative rate of 4.80%
£
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.
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