1 bedroom apartment for sale
New Mansion Square, Battersea, SW8 4ED
Share percentage 25%, full price £560,000, £14,000 Min Deposit.
Share percentage 25%, full price £560,000, £14,000 Min Deposit.
Monthly Cost: £1,667
Rent £753,
Service charge £207,
Mortgage £707*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
Lumiere Edition ready-to-move-into homes with residents' screening room and concierge | Live in vibrant Battersea!
Description
These ready-to-move-into homes boast spacious open-plan, light-filled layouts, private outdoor space, and access to fantastic on-site amenities including a concierge service and a residents' garden.
* Full market value = £560,000
* 25% share price = £140,000
* Estimated monthly service charge: £207
Financial information
Tenure: Leasehold
Length of lease: 990 Years
Annual ground rent amount: £0
Ground rent review period: N/A
Annual service charge amount from £2,245.74
Service charge review period: Annual
Council tax band: TBC
What is Shared Ownership?
Shared Ownership is a government-backed part buy, part rent scheme that helps you to purchase a home that otherwise may not have been affordable. Through Shared Ownership, you can purchase a ‘share’ of a home, typically between 25% and 75%, and pay rent on the remaining amount. Then, over time, you can purchase more shares all the way up to 100%, or simply sell your home on the open market.
What's more, your deposit is based on the value of the share you buy, not the full market value, making these high-spec homes even more affordable when compared to buying a home outright.
Register your interest or search “Peabody New Homes Shared Ownership” to find out more.
Disclaimers & T&Cs
*Shared Ownership cost breakdowns and financial information provided is estimated and will differ based on individual circumstances and the specific home reserved.
*£1,723 monthly cost based on 25% share of £140,000 (full market value £560,000)
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: Not specified
Property Downloads
Floor Plan Brochure BrochureVirtual Tour
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 25%, full price £560,000, £14,000 Min Deposit. Calculated using a representative rate of 4.59%
