2 bedroom apartment for sale
Apsley House, 2 Holford Way, SW15 5EY
Share percentage 75%, full price £500,000, £18,750 Min Deposit.
Share percentage 75%, full price £500,000, £18,750 Min Deposit.
Monthly Cost: £2,717
Rent £309,
Service charge £319,
Mortgage £2,089*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
ELIGIBILITY
Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.
To be eligible for shared ownership you would need to meet the following criteria:
• Your annual household income does not exceed £90,000.
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.
*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.
** This home can also be purchased outright (100% of the value) which is £500,000 and a purchaser would not need to meet the eligibility criteria listed above.
Summary
This superb modern home is available to buy from as little as £375,000 with a 75% share!
Description
This superb modern home is available to buy from as little as £375,000 with a 75% share!
This bright and spacious apartment is on the third floor of this modern development and benefits from a private south facing balcony. The larger than average accommodation provides two double bedrooms, two bathrooms and an open plan kitchen/living/dining space. This property benefits from allocated parking for one car.
Queen Mary's Place is a brilliant development of apartments and houses, with a residents’ gym, security, and communal gardens including picturesque grade two listed gardens. This apartment is situated in a great part of Southwest London, set within easy reach of Putney, Wimbledon, Barnes Station and beautiful Richmond Park. The bus links are also very well-connected offering access to Victoria, central London and Southwest London.
PRICING & AFFORDABILITY
Full Market Value: £500,000
75% Share Price: £375,000 (rent £308.72pcm)
Minimum 5% Mortgage Deposit (% share): £18,750
Approximate Service Charges: £319.10pcm*
Shared Ownership Lease: approx. 250 years (extended on completion)
Council Tax Band: E
Particulars
Tenure: Leasehold
Lease Length: 250 years
Council Tax Band: E
Property Downloads
Floor PlanMap
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: Yes
Outside Space/Garden: n/a - Private Balcony
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 75%, full price £500,000, £18,750 Min Deposit. Calculated using a representative rate of 5.03%
