1 bedroom apartment for sale
Barrington Court, 124 Wilton Road, Westminster, London, SW1V 1AJ
Share percentage 40%, full price £540,000, £21,600 Min Deposit.
Share percentage 40%, full price £540,000, £21,600 Min Deposit
Monthly Cost: £2,155
Rent £676,
Service charge £389,
Mortgage £1,090*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a One Bedroom Apartment on a Shared Ownership (Part Buy/Part Rent) Basis
Description
A rare opportunity to buy a shared ownership property in this spectacular location. Barrington Court is a modern building just moments from Victoria Station and only a short walk from Buckingham Palace, Parliament Square and Sloane Square. St James's Park, Green Park and Hyde Park are also within easy reach and there are numerous shops and restaurants nearby. The apartment is on the ninth floor and has a twenty-three-foot, open-plan kitchen/reception room. There is a spacious bedroom with fitted wardrobe, a good-sized bathroom and a large hallway storage/utility cupboard. Well insulated walls, modern double glazing and a communal heating/hot water system make for a very good energy-efficiency rating. Barrington Court has a roof terrace, which is easily accessible from this apartment.
SHARED OWNERSHIP (Advertised price represents 40% share. Full market value £540,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/4f83ve4k]
(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: A2Dominion.
Tenure: Leasehold (125 years from 25/03/2009).
Minimum Share: 40% (£216,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £676.35 per month (subject to annual review).
Service Charge: £388.65 per month (subject to annual review).
Guideline Minimum Income: Dual - £79,900 (based on minimum share and 10% deposit) | Single - £84,100 (based on minimum share and 15% deposit).
Council Tax: Band D, Westminster City Council. 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). There is no parking space offered with this property.
Key Features
- Guide Dual Income £79.9k 10% deposit £21.6k
- Guide Single Income £84.1k 15% deposit £32.4k
- Ninth Floor
- Approx. 525 Sqft Gross Internal Area
- Very Good Energy-Efficiency Rating
- Communal Roof Terrace
- Minutes from Victoria Station
- Close to Buckingham Palace and Parliament Square
Particulars
Tenure: Leasehold
Lease Length: 109 years
Council Tax Band: D
Property Downloads
Floor Plan BrochureMap
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: No
Outside Space/Garden: Yes - Communal Terrace
Year property was built: Enquire with provider
Unit size: Enquire with provider
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 40%, full price £540,000, £21,600 Min Deposit. Calculated using a representative rate of 4.59%