2 bedroom apartment for sale
Deepak House, 955 Garratt Lane, London, SW17 0LR
Share percentage 45%, full price £430,000, £19,350 Min Deposit.
Share percentage 45%, full price £430,000, £19,350 Min Deposit.
Monthly Cost: £2,074
Rent £777,
Service charge £320,
Mortgage £977*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a Two Bedroom Apartment on a Shared Ownership (Part Buy/Part Rent) Basis
Description
This stylishly-presented, first-floor apartment faces south-west and has an open-plan entrance hall and reception room with attractive flooring. The kitchen area features white gloss units and integrated appliances. There are two spacious double bedrooms, a high-spec bathroom and a storage/utility cupboard. Well insulated walls, high performance glazing, a communal heating and hot water system all contribute towards a very good energy-efficiency rating. Residents can make use of a neatly-kept communal garden to the rear of the block. Deepak House is only a short walk from Tooting Broadway Station (Northern Line) and Ofsted list three primary schools within a half-mile radius, all rated either 'Good' or 'Outstanding'.
SHARED OWNERSHIP (Advertised price represents 45% share. Full market value £430,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [HERE; https://tinyurl.com/68cebw3k]
(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: A2Dominion.
Tenure: Leasehold (99 years from 05/06/2015).
Minimum Share: 45% (£193,500). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £776.53 per month (subject to annual review).
Service Charge: £320.17 per month (subject to annual review).
Guideline Minimum Income: Dual - £76,000 | Single - £87,900 (based on minimum share and 10% deposit).
Council Tax: Band D, London Borough of Wandsworth (£961.14 for 2024-25). 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
- Guideline Minimum Deposit £19,350
- Guide Min Income Dual £76k | Single £87.9k
- First Floor (building has a lift)
- Approx. 652 Sqft Gross Internal Area
- South West Facing
- Very Good Energy-Efficiency Rating
- Communal Garden/Courtyard
- Short Walk from Tooting Broadway Station
Particulars
Tenure: Leasehold
Lease Length: 90 years
Council Tax Band: D
Property Downloads
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 45%, full price £430,000, £19,350 Min Deposit. Calculated using a representative rate of 4.59%