1 bedroom apartment for sale
Vulcan Way, Roundshaw, SM6 9RY
Share percentage 40%, full price £250,000, £5,000 Min Deposit.
Share percentage 40%, full price £250,000, £5,000 Min Deposit.
Monthly Cost: £938
Rent £341,
Service charge £40,
Mortgage £557*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 1 bed shared ownership property available in Wallington, Surrey
Description
Traditional brick one-bedroom maisonette now available in Roundshaw, Wallington, through Shared Ownership.
The property comprises a wide living room, a separate kitchen and a good-sized bedroom; there's also a small front garden. This could be ideal for a couple or a single person.
Allocated parking available.
Available for £100,000 for 40% share based on the marketing figure of £250,000.
Monthly rent - £340.51
Monthly Service Charge - £40.38
Total Monthly Charge - £380.89 plus mortgage required for 40% share.
An annual rent increase takes place every April
LocationThe property has great transport links to Central London and is surrounded by local shopping and recreational facilities.
It's possible to reach London Bridge in around 45 minutes by train, while local buses, a supermarket and other amenities are all within walking distance.
There are also two large parks nearby: the Round Shaw Downs and the Roundshaw Park.
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
- One-bedroom maisonette
- Separate kitchen
- Great transport links
- Allocated parking space
- Available for 40% 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 40%, full price £250,000, £5,000 Min Deposit. Calculated using a representative rate of 5.03%
