1 bedroom apartment for sale
Stane Grove, SW9 9AL
Share percentage 50%, full price £430,000, £21,500 Min Deposit.
Share percentage 50%, full price £430,000, £21,500 Min Deposit.
Monthly Cost: £1,775
Rent £553,
Service charge £137,
Mortgage £1,085*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
You will need to be earning a guidance income of £65,778. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £21,500. Total approximate savings required £25,500.
Important borough specific eligibility criteria
Lambeth
Priority will go to applicants with a connection to Lambeth
Applicants must be earning under £90,000 to be eligible for one, two and three bedroom apartments.
If you are an existing homeowner we will not be able to allocate you a home unless you have found a buyer for your existing home and are deemed to be in need of housing by your local council.
Summary
Second floor one bedroom home in the London borough of Lambeth for £215,000 (50%) share price of £430,000 (full market price), available through Shared Ownership.
Description
Second Floor
Entrance hallway with storage
Open plan sitting room/kitchen
Double bedroom
Bathroom
External
Two Juliette balconies
Bike storage unit
Admin Fee for Shared Ownership Flat
£13.50
GIA
54 sqm
EPC rating
C
Length of lease
125 years remaining
Borough
Lambeth
Key Features
Located in the heart of Clapham, with ease of access to the amenities of Stockwell. Peacefully tucked away in this desirable secure modern development, the flat benefits from a sunny aspect and an unrivalled location, ideal for anyone who wants a secure and quiet spot close to the action.
Local Transport
Clapham North - 0.3 miles
Clapham High Street - 0.4 miles
Brixton - 0.9 miles
Particulars
Tenure: Leasehold
Lease Length: 125 years
Council Tax Band: C
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 50%, full price £430,000, £21,500 Min Deposit. Calculated using a representative rate of 4.59%
