1 bedroom apartment for sale
Woods House, 7 Gatliff Road, London, SW1W 8DF
Share percentage 35%, full price £530,000, £18,550 Min Deposit.
Share percentage 35%, full price £530,000, £18,550 Min Deposit.
Monthly Cost: £2,077
Rent £807,
Service charge £333,
Mortgage £937*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a One Bedroom Apartment on a Shared Ownership (Part Buy/Part Rent) Basis
Description
A great opportunity to buy a shared ownership property in this spectacular location. Woods House is part of the Grosvenor Waterside development near the Thames. Just to the south, over Chelsea Bridge, are the green spaces and boating lake of Battersea Park while to the north lie Sloane Square and Victoria. The apartment is on the ninth floor with a Juliette balcony overlooking the attractive, raised courtyard. The elevation also affords a pleasant view of the wider surroundings. The stylish kitchen and bathroom are both upgrades made by the current owner and additional fitted storage space has also been added to the bedroom. The building has been constructed to high energy-efficiency standards with heating and hot water supplied from a communal system. Both the block and wider development are very well maintained and make for an extremely desirable property.
SHARED OWNERSHIP (Advertised price represents 35% share. Full market value £530,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/mr22ukvh]
(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 (125 years from 2009).
Minimum Share: 35% (£185,500). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £806.96 per month (subject to annual review).
Service Charge: £333.26 per month (subject to annual review).
Heating Charge: £13.99 per month (subject to annual review).
Water Charge: £21.58 per month (subject to annual review).
Guideline Minimum Income: Dual - £75,900 | Single - £87,700 (based on minimum share and 10% deposit).
Council Tax: Band D, Westminster City Council. 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 £18,550
- Guide Min Income Dual £75.9k | Single £87.7k
- Ninth Floor with Juliette Balcony
- Approx. 475 Sqft Gross Internal Area
- Overlooks Communal Garden
- Part of Grosvenor Waterside Development
- Short Walk to Sloane Square (Circle/District line)
- Victoria Station within Easy Reach
Particulars
Tenure: Leasehold
Lease Length: 110 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 35%, full price £530,000, £18,550 Min Deposit. Calculated using a representative rate of 4.59%