Share percentage 45%, full price £610,000, £27,450 Min Deposit.
Monthly Cost: £1,875
Rent £289,
Service charge £200,
Mortgage £1,386*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
You may be eligible for this property if:
- You have a gross household income of no more than £90,000 per annum.
- You are unable to purchase a suitable home to meet your housing needs on the open market.
- You do not already own a home or you will have sold your current home before you purchase or rent.
- Priority is given to applicants living/working in Wandsworth
Summary
2 Bedroom 2 Bathroom 4th Floor Flat with private balcony
Description
The property provides a two bedroom fourth floor flat and benefits from a good sized private balcony and an-suite to the master bedroom.
Full Market Value: £610,000
Share value from 45% at £274,500
Rent: £289.49 pcm
Service Charges: £200.37 pcm
Lease Length: 117 Years
Council Tax Band D
Local Area
The property is situated on the A24 which provides direct access into Central London to the north.
The flat is located on Halam Hill and benefits from access to Clapham Common to the north and Wandsworth Common to the west.
Clapham South and Balham Station are both situated a short walking distance from the property.
Key Features
2 Bedrooms
2 Bathroom (1 en-suite)
Double Glazing
Close to Amenities
Short walking distance to transport links
Particulars
Tenure: Leasehold
Lease Length: 117 years
Council Tax Band: D
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 45%, full price £610,000, £27,450 Min Deposit. Calculated using a representative rate of 4.59%
