1 bedroom apartment for sale
Reed House, Durnsford Road, SW19 8GY
Share percentage 30%, full price £300,000, £4,500 Min Deposit.
Share percentage 30%, full price £300,000, £4,500 Min Deposit.
Monthly Cost: £1,351
Rent £591,
Service charge £259,
Mortgage £501*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 1 bed shared ownership property available in Merton, Greater London
Description
This bright and modern one bedroom apartment is now available in South West London through Shared Ownership.
The property on the third floor comprises a entrance hall with storage, a living room with modern open plan kitchen, one double bedroom, and a bathroom.
Outside, there is a private balcony accessible via the living room, and communal grounds. Perfect for couples or a single person.
Available for £90,000 for 30% share based on the marketing figure of £300,000.
Monthly rent - £590.86
Monthly Service Charge - £258.92
Total Monthly Charge - £849.78 plus mortgage required for 30% share.
An annual rent increase takes place every April
LocationThe property is located within a modern residential development of mostly similar properties close to Wimbledon in London.
The property is close to a range of local amenities including supermarkets, shops, and restaurants.Haydons Road rail station is roughly a 5-minute walk from the property and offers connections to central London.Wimbledon Park is also within walking distance of the property and offers connections on the District Line.
The property also benefits from close proximity to a range of parks and open spaces includingWandle Meadow Nature Park.
Plenty of schools are available within walking distance for all levels.
EPC ratingEnergy rating band - C
Environmental impact band - C
Years remaining on lease: 107
In certain cases, the remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.
Key Features
- Two-bedroom apartment
- Private balcony
- Modern kitchen
- Great travel links
- Available for 30% share
- 5% minimum deposit only
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor PlanMap
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 30%, full price £300,000, £4,500 Min Deposit. Calculated using a representative rate of 5.03%
