1 bedroom apartment for sale
Sheen House, 87 Roehampton Lane, Roehampton, SW15 5FL
Share percentage 60%, full price £410,000, £12,300 Min Deposit.
Share percentage 60%, full price £410,000, £12,300 Min Deposit.
Monthly Cost: £1,913
Rent £344,
Service charge £199,
Mortgage £1,370*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
You have a gross household income of no more than £90,000 inner London/£80,000 outer London per annum when eligible to purchase - this will include all members of the household whether they have joined the application or not. An exception would be the income of children under 18 and any other household members whose residence in the home is unlikely to be permanent.
You are unable to purchase a suitable home to meet your housing needs on the open market.
Be a first time buyer, if you are indeed a current home owner we can consider your application if your property is under offer and is going through the legal conveyancing process, evidence of this will need to be provided.
To purchase this 60% minimum share you will need an average minimum joint household income of £59,458 and available savings of at least £12,300 for a 5% mortgage deposit.
Within the next 8 weeks priority can only be given to applicants who live/work in the Wandsworth Borough who are registered with Wandsworth Borough Council, only after this 8 week period we can consider all other applicants.
Summary
Southern Housing are delighted to offer for sale this well-presented one bedroom, first floor flat.
Description
Full market value - £410,000
60% share available at £246,000
Current rent PCM - £344.24
Current service charge PCM - £198.54
Lease – 125 from commencement date 01-01-2013
Description:
The property is located in the Emerald Square residential development off Roehampton Lane in South West London.
The area is a predominantly residential and comprises of a mix of post-war flats, larger detached houses and more recent developments such as Emerald Square and the redeveloped Queen Mary’s hospital.
The block is set opposite the University of Roehampton campus. The area is well served by local bus services. Barnes mainline station is within walking distance.
Local shopping is available on Danebury Avenue with more extensive facilities available in Sheen and Putney. The property is close to the A3 for access to the M25 and south west.
Key Features
Accommodation
The accommodation has been calculated from measurements taken on site.
The accommodation of the property is as follows:
First Floor
Entrance hallway - 8.95 sqm
Reception - 7.90 sqm
Kitchen / dining 11.80 sqm
Bedroom - 10.45 sqm
Bathroom - 4.10 sqm
Gross internal area - 49 sqm
The property is well decorated throughout. Has a good size kitchen dinner with modern design. The bathroom is also to a high standard with some storage.
The property has been upgraded with a 'Sharps' fitted wardrobe, a dishwasher, and there is also 1GB Hyperoptic Wi-Fi available in the building."
There is a private balcony and demised parking space
The balcony overlooks the parking area
Particulars
Tenure: Leasehold
Lease Length: 125 years
Council Tax Band: D
Map
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 60%, full price £410,000, £12,300 Min Deposit. Calculated using a representative rate of 5.03%
