2 bedroom apartment for sale
112 Wingate Square, SW4 0AN
Share percentage 25%, full price £675,000, £16,875 Min Deposit.
Share percentage 25%, full price £675,000, £16,875 Min Deposit
Monthly Cost: £2,464
Rent £917,
Service charge £695,
Mortgage £852*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
You will need to be earning a guidance income of £85,982.You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £16,875. Total approximate savings required £20,875.
Important borough specific eligibility criteria
London Borough of Lambeth
All London applicants will be considered –with preference given to those who are either living or working in the Borough.
Applicants must be earning under £90,000 to be eligible for one, two and three bedroom apartments.
If you are an existing homeowner we will not be able to allocate you a home unless you have found a buyer for your existing home and are deemed to be in need of housing by your local council.
Summary
Two bedroom 2nd Floor flat in Lambeth available through shared ownership- 25% Share for £168,750
Description
The property comprises a second-floor purpose-built apartment contained within a
five-storey block (with lift access), originally built circa 2009, with approximately 32
flats in the subject block.
The property is situated within a mixed residential / commercial use area, close to
local amenities and transport facilities
Within the building there is access to access to the shared bike store and it is possible to rent a secure underground car parking space.
The bathroom and kitchen have been recently remodelled with new appliances installed, fitted wardrobes in both bedrooms and a large hallway cupboard provides lots of storage.
Key Features
ACCOMMODATION
Second Floor
Entrance hall/corridor
Open plan kitchen/reception room
Front balcony
Bedroom 1
Bedroom 2
Bathroom with WC
Particulars
Tenure: Leasehold
Lease Length: 109 years
Council Tax Band: Not specified
Property Downloads
BrochureMap
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Yes
Dishwasher: Yes
Fridge/Freezer: Yes
Parking: n/a
Outside Space/Garden: Yes - Private Balcony
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 25%, full price £675,000, £16,875 Min Deposit. Calculated using a representative rate of 4.59%
