1 bedroom apartment for sale

Available

Elmbridge House, 1 Palmer Road, London, SW11 4GB

£172,500 · Shared Ownership Resale

Share percentage 25%, full price £690,000, £17,250 Min Deposit.

Available
1 bedroom
1 Bathroom
Private Balcony/Terrace
Floor plan
floor-plan
Floor plan
floor-plan
£172,500 Shared Ownership Resale

Share percentage 25%, full price £690,000, £17,250 Min Deposit.

Monthly Cost: £1,814
Rent £706, Service charge £237, Mortgage £871*

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 spacious and well-presented apartment on the seventh floor. The high-spec property features a reception room with open-plan kitchen and a door that leads out onto the east-facing balcony. The bedroom and bathroom are both generously sized and a pair of large storage/utility cupboards have been provided in the entrance hallway. Elmbridge House is part of a recently-built development in the Nine Elms Regeneration Area. Demanding insulation standards, high performance glazing and underfloor heating fed from a communal hot water system make for a very good energy-efficiency rating. Battersea Park is only a few minutes away, offering a lake, sports facilities and large open spaces. Battersea Park Station and Queenstown Road are close and the redeveloped Battersea Power Station site provides restaurants, bars and stores as well as a new Northern Line station. Food shopping is convenient with Waitrose and Sainsbury's supermarkets in the local area and nearby Chelsea Bridge also means areas north of the Thames are in easy reach.

SHARED OWNERSHIP (Advertised price represents 25% share. Full market value £690,000).

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/y7p4xa9p]

(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: Clarion.
Tenure: Leasehold (250 years from 01/01/2020).
Minimum Share: 25% (£172,500). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £706.45 per month (subject to annual review).
Service Charge: £237.27 per month (subject to annual review).
Guideline Minimum Income: Dual - £65,000 | Single - £75,000 (based on minimum share and 10% deposit).
Council Tax: Band D, London Borough of Wandsworth. 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 £17,250
  • Guide Min Income Dual £65k | Single £75k
  • Seventh Floor with Balcony
  • Approx. 555 Sqft Gross Internal Area
  • Spacious Bedroom and Bathroom
  • Underfloor Heating Throughout
  • Minutes from Battersea Park
  • Short Walk from Tube/Rail Stations
Particulars

Tenure: Leasehold
Lease Length: 246 years
Council Tax Band: D

Property Downloads
Key Information Document Floor Plan Brochure
Map
Queenstown Road (0.33 miles) Battersea Park (0.35 miles) Battersea Power Station (0.66 miles)
Monthly Cost Calculator

The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.

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  • 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.

£172,500
Shared Ownership Resale
Estimated Monthly Cost:£1,814
Rent £706
Service Charge £237
Mortgage £871

Share percentage 25%, full price £690,000, £17,250 Min Deposit. Calculated using a representative rate of 4.59%


Disclaimer
The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.