1 bedroom apartment for sale
Elmbridge House, 1 Palmer Road, London, SW11 4GB
Share percentage 30%, full price £725,000, £21,750 Min Deposit.
Share percentage 30%, full price £725,000, £21,750 Min Deposit.
Monthly Cost: £1,918
Rent £582,
Service charge £238,
Mortgage £1,098*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a Spacious One Bedroom Apartment on a Shared Ownership (Part Buy/Part Rent) Basis
Description
This generously-sized, one-bedroom apartment is on the top floor and has an open-plan kitchen/reception room with attractive, walnut-style flooring. A glazed door provides access to the west-facing balcony. The bedroom is spacious, the bathroom high-spec and there is a pair of storage/utility cupboards in the hallway. Well insulated walls and roof, high performance glazing and underfloor heating supplied from a communal hot water system all contribute towards a very good energy-efficiency rating. Elmbridge House is part of a recently-built development in the Nine Elms Regeneration Area. The lake, sports facilities and open spaces of Battersea Park are only a few minutes away. Battersea Park Station and Queenstown Road are close and the redeveloped Battersea Power Station site offers restaurants, bars and stores as well as a new Northern Line station. Food shopping is convenient with Waitrose and Sainsbury's supermarkets in the local area and nearby Chelsea Bridge also means areas north of the Thames are in easy reach.
SHARED OWNERSHIP (Advertised price represents 30% share. Full market value £725,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/yc4c9zbb]
(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 (250 years from 01/01/2020).
Minimum Share: 30% (£217,500). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £581.78 per month (subject to annual review).
Service Charge: £237.81 per month (subject to annual review).
Guideline Minimum Income: Dual - £70,500 | Single - £81,400 (based on minimum share and 10% deposit).
Council Tax: Band D, London Borough of Wandsworth. 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 without prior written permission from the housing association (except assistance animals). There is no parking space offered with this property.
Key Features
- Guideline Minimum Deposit £21,750
- Guide Min Income Dual £70.5k | Single £81.4k
- Eleventh (Top) Floor
- Approx. 625 Sqft Gross Internal Area
- Underfloor Heating Throughout
- Balcony
- Minutes from Battersea Park
- Short Walk from Tube/Rail Stations
Particulars
Tenure: Leasehold
Lease Length: 246 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: No
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 30%, full price £725,000, £21,750 Min Deposit. Calculated using a representative rate of 4.59%