1 bedroom apartment for sale
Trevelyan Road, Tooting, SW17 9LN
Share percentage 82%, full price £420,000, £17,220 Min Deposit.
Share percentage 82%, full price £420,000, £17,220 Min Deposit.
Monthly Cost: £2,263
Rent £185,
Service charge £160,
Mortgage £1,918*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 1 bed shared ownership property available in Tooting, London
Description
Bright and modern apartment now available in Tooting, South London, through Shared Ownership.
The property is on the first floor and comprises a wide living room, an open-plan fitted kitchen and a bedroom. This could be ideal for a couple or a single person.
The property was built in circa 2014 and has a private terrace.
Available for £344,400 for 82% share based on the marketing figure of £420,000.
Monthly rent - £185.49
Monthly Service Charge - £159.97
Total Monthly Charge - £345.46 plus mortgage required for 82% share.
An annual rent increase takes place every April
LocationThe property is located in a mixed residential area close to all local amenities including shops, pubs, restaurants, and cafes.
Tooting Broadway tube station is a 7-minute walk away and Tooting train station is roughly a 10-minute walk away. Tooting market and high street are also only a short walk from the property.
EPC ratingEnergy rating band - B
Environmental impact band - B
Years remaining on lease: 89
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-bed apartment
- Private terrace
- First floor
- Great transport links
- Available for 82% 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 82%, full price £420,000, £17,220 Min Deposit. Calculated using a representative rate of 5.03%
