2 bedroom apartment for sale
Morrish Road, Brixton, SW2 4EB
Share percentage 25%, full price £410,000, £5,125 Min Deposit.
Share percentage 25%, full price £410,000, £5,125 Min Deposit.
Monthly Cost: £1,487
Rent £724,
Service charge £192,
Mortgage £571*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Brixton, London
Description
This bright and spacious two bedroom flat is now available in South London (Brixton) through Shared Ownership.
The property on the third floor comprises of an entrance hallway with storage, a living room with an open plan modern kitchen, two good sized bedrooms (one en-suite) and a bathroom.
Outside there is a private balcony accessible via the living room. Perfect for couples and small families.
Available for £102,500 for 25% share based on the marketing figure of £410,000.
Monthly rent - £724.33
Monthly Service Charge - £192.11
Total Monthly Charge - £916.44 plus mortgage required for 25% share.
An annual rent increase takes place every April
LocationLocated in SW2 the flat is on a quiet side street & centred between Clapham common, Streatham & Brixton. Local cafes & bars are within easy walking distance (5mins) from Streatham high road, Brixton & Clapham common. Two local pubs at end of the street including a third The Telegraph pub & club a couple of streets away. Many good gastropubs are in the area.
On-street parking is available without a parking permit. Shared resident parking is available.
Energy rating band - C
Environmental impact band - B
Years remaining on lease: 970
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
- Modern kitchen
- En-suite included
- Excellent travel links
- Available for 25% 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 25%, full price £410,000, £5,125 Min Deposit. Calculated using a representative rate of 5.03%
