1 bedroom apartment for sale
58-70 York Road, SW11 3QF
Share percentage 25%, full price £470,000, £11,750 Min Deposit.
Share percentage 25%, full price £470,000, £11,750 Min Deposit.
Monthly Cost: £1,483
Rent £717,
Service charge £173,
Mortgage £593*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
Modern Shared ownership apartment located in a prestigious district of London. Walking distance from Battersea Park. One bedrooms apartments remaining from £117,500 for a 25% share.
Description
Battersea Park is situated moments from Helo Tower and is one of London’s best-loved green spaces. The 200-acre park opened in 1858 and lies directly across the river from affluent Chelsea, bordering the southern banks of the Thames by Chelsea Bridge. Whether you choose to stroll among the trees, visit the children’s playground, have a bite to eat at The Pear Tree Café by the lake, Go Ape! or simply enjoy the Old English Garden’s oasis of calm, this impressive park has it all. Battersea has a plethora of bars, restaurants and cafes awaiting your discovery.
Battersea boasts a range of quirky cafes, delicatessens and galleries, making it a trendy hub for the community all around London. In the immediate vicinity are Clapham Junction, Battersea Village and Northcote Road all known for bars, restaurants and shops. Close by, Battersea Power Station is set to be one of London’s finest retail destinations for global and emerging brands, Not to mention, you’re only a few minutes from London Heliport, one of the most advanced heliports in Europe, from where you can take an exciting sightseeing helicopter flight over London. Whatever you are looking for, you can find it near Helo Tower.
Helo Tower is located on the corner of Wandsworth Town and Battersea Park Road, close to the River Thames and a short journey from many of central London’s biggest attractions. The area boasts a fantastic range selection of bars and restaurants as well as world-class shopping, and easy access to the arts and sports activities galore. The area is well serviced by an excellent network of bus routes going to a wide range of destinations. Clapham Junction, the busiest interchange station in the UK - is less than 15 minutes’ walk away. With its great location, local amenities and transport link you get the whole package.
Helo Tower offers you a real sense of comfort and security and has the benefit of a concierge present from 8am to 5pm. The shared owners will have full access to the communal outdoor space on the fifth floor from where you can enjoy a breathtaking view of the skyline. There is a secure storage area for bikes. There are five carefully designed wheelchair adaptable units and lifts that make each floor accessible.
One bedroom apartments £117,500 for a 25% share.
Shared Ownership cost breakdown - 25% Share
Full market value = £470,000
Example 25% share price = £117,500
Rent on the remaining unpurchased 'share' of the home = £716.75pcm (charged at 2.44% of the unsold equity)
Estimated service charge = £173.44pcm
What is Shared Ownership?
Available to purchase through Shared Ownership, purchasers are able to buy as much of the property as they can afford, from 25 - 75%, paying a low-cost rent on the remaining unpurchased 'share' of the home. What's more, your mortgage deposit is based on the value of the share you buy, not the full market value, making these high-spec homes even more affordable in such a sought-after location.
Financial information
Tenure: Leasehold
Length of lease: 125 years
Annual service charge amount: £2,081.28
Service charge review period: Annual
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Key Features
- Coneriege
- High Spec
- Final plots remaining
- Lift access
- Winter garden
- Double Bedroom
Particulars
Tenure: Leasehold
Lease Length: 125 years
Council Tax Band: New build - Council tax band to be determined
Map
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: No
Outside Space/Garden: n/a - Communal Terrace
Year property was built: Enquire with provider
Unit size: Enquire with provider
Accessible measures: Enquire with provider
Heating: Enquire with provider
Sewerage: Enquire with provider
Water: Enquire with provider
Electricity: Enquire with provider
Broadband: Enquire with provider
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 £470,000, £11,750 Min Deposit. Calculated using a representative rate of 4.59%