2 bedroom apartment for sale
Huntington House, 11 Palmer Road, London, SW11 4EJ
Share percentage 25%, full price £950,000, £23,750 Min Deposit.
Share percentage 25%, full price £950,000, £23,750 Min Deposit.
Monthly Cost: £2,553
Rent £873,
Service charge £475,
Mortgage £1,205*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a Two Bedroom Apartment on a Shared Ownership (Part Buy/Part Rent) Basis
Description
A generously-sized apartment on the third floor of this recently-constructed and conveniently-located development. The property has a dual-aspect reception room with open-plan kitchen area and attractive walnut-style flooring. A full-height sliding door leads out onto a west-facing balcony. There is a large main bedroom plus a second, comfortable, double bedroom and a smart, modern bathroom. Storage/utility cupboards have been provided in the entrance hallway and the energy-efficiency rating is very good, thanks to demanding insulation standards, high performance glazing and underfloor heating from a communal hot water system. Battersea Park is only a few minutes away, offering a lake, great sports facilities and large open spaces. Battersea Park Station and Queenstown Road are close and the redeveloped Battersea Power Station site includes restaurants, bars and stores as well as the new Northern Line station. Food shopping is convenient with Waitrose and Sainsbury's supermarkets in the local area and nearby Chelsea Bridge also means areas north of the Thames are in easy reach.
SHARED OWNERSHIP (Advertised price represents 25% share. Full market value £950,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/4hkc8njr]
(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)
Housing Association: Clarion.
Tenure: Leasehold (125 years from 20/12/2019).
Minimum Share: 25% (£237,500).
Shared Ownership Rent: £872.80 per month (subject to annual review).
Service Charge: £474.87 per month (subject to annual review).
Guideline Minimum Income: Dual - £83,900 (based on minimum share and 30% deposit £71,250). | Single - £86,500 (based on minimum share and 45% deposit £106,875).
Council Tax: Band E, London Borough of Wandsworth (£1174.74 for 2024-5). Priority is given to applicants living and/or working in this local authority.
This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone. Pets not permitted (except assistance animals). There is no parking space offered with this property.
Key Features
- Guide Min Income Dual £83.9k with 30% Deposit £71.4k
- Guide Min Income Single £86.5k with 45% Deposit £107k
- Third Floor with Balcony
- Approx. 856 Sqft Gross Internal Area
- Underfloor Heating
- Balcony
- Minutes from Battersea Park
- Short Walk from Tube/Rail Stations
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: E
Property Downloads
Key Information Document Floor Plan BrochureMap
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 £950,000, £23,750 Min Deposit. Calculated using a representative rate of 4.64%