3 bedroom apartment for sale
Myddleton House, 1 Breakspear Gardens, London, SW19 2FP
Share percentage 25%, full price £600,000, £15,000 Min Deposit.
Share percentage 25%, full price £600,000, £15,000 Min Deposit.
Monthly Cost: £2,061
Rent £1,205,
Service charge £99,
Mortgage £757*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a Three Bedroom Apartment on a Shared Ownership (Part Buy/Part Rent) Basis
Description
A rare chance to buy a three-bedroom, shared-ownership apartment in a desirable area of south-west London. The property is on the first floor of a recently-constructed block and has a spacious, dual-aspect reception room with open-plan kitchen area and access to the balcony. There is main bedroom with stylish, en-suite shower room plus two further, good-sized, bedrooms and a sleek, fully-tiled family bathroom. A pair of large storage/utility cupboards have been provided in the entrance hallway and well insulated walls, high performance glazing and a modern gas central heating system all contribute towards a very good energy-efficiency rating. Myddleton House is part of a gated development that borders a small nature reserve just off Fortescue Road. Colliers Wood Station, for Northern Line services, is just a short walk away. Nearby Singlegate Primary School was Ofsted-reviewed in March 2024 and rated 'Outstanding'. The apartment comes with use of an allocated parking space.
SHARED OWNERSHIP (Advertised price represents 25% share. Full market value £600,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/5hads8u6]
(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)
Housing Association: Clarion.
Tenure: Leasehold (125 years from 01/07/2019).
Minimum Share: 25% (£150,000).
Shared Ownership Rent: £1204.87 per month (subject to annual review).
Service Charge: £99.31 per month (subject to annual review).
Ground Rent: £350.00 for the year.
Guideline Minimum Income: Dual - £74,200 | Single - £85,800 (based on minimum share and 10% deposit).
Council Tax: Band D, London Borough of Merton. Priority is given to applicants living and/or working in this local authority.
This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone. Pets not permitted (except assistance animals).
Key Features
- Guideline Minimum Deposit £15,000
- Guide Min Income Dual £74.2k | Single £85.8k
- First Floor (building has a lift)
- Approx. 924 Sqft Gross Internal Area
- Bathroom plus En-Suite Shower Room
- Very Good Energy-Efficiency Rating
- Balcony and Parking Space
- Short Walk from Colliers Wood Station
Particulars
Tenure: Leasehold
Lease Length: 120 years
Council Tax Band: D
Property Downloads
Key Information Document Floor Plan BrochureMap
Material Information
Total rooms:
Furnished: Unfurnished
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: Yes - Allocated
Outside Space/Garden: Yes - Private Balcony
Year property was built: Enquire with provider
Unit size: Enquire with provider
Communal lift: Yes
Accessible measures: Enquire with provider
Heating: Enquire with provider
Sewerage: Enquire with provider
Water: Enquire with provider
Electricity: Enquire with provider
Broadband: Enquire with provider
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 £600,000, £15,000 Min Deposit. Calculated using a representative rate of 4.59%