3 bedroom apartment for sale
2c Cavendish Road, Merton, SW19 2FL
Share percentage 30%, full price £720,000, £10,800 Min Deposit.
Share percentage 30%, full price £720,000, £10,800 Min Deposit
Monthly Cost: £2,387
Rent £707,
Service charge £477,
Mortgage £1,203*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 3 bed shared ownership property available in Merton, London
Description
Contemporary three-bedroom apartment now available in Colliers Wood, south London, through Shared Ownership.
The property is on the fifth floor, accessed by a lift, and comprises a wide living room, a separate kitchen, and three bedrooms, one of them being ensuite.
The apartment features a spacious 180-degree wraparound terrace, offering clear panoramic views of the London skyline and Greater London. There are multiple points of access throughout the apartment.
Available for £216,000 for 30% share based on the marketing figure of £720,000.
Monthly rent - £706.91
Monthly Service Charge - £477.04
Total Monthly Charge - £1,183.95 plus mortgage required for 30% share.
An annual rent increase takes place every April
LocationLocated within a residential and commercial block with shops, a railway station and other facilities at Colliers Wood.
The nearest London underground station is Colliers Wood (Northern Line), which is within reasonable walking distance and provides regular rail services across London and the wider area.
Bus routes are also available along High Street Colliers Wood, providing regular services across SW London. For motorists, the A24 is easily accessible to the southwest, which provides fast vehicular access to the M25 (London Orbital).
EPC ratingEnergy rating band - B
Environment impact band - B
Years remaining on lease: 117
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
- Three-bedroom apartment
- 180° private terrace
- Panoramic views
- Ensuite bedroom
- Available for 30% share
- 5% minimum deposit only
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Key Information Document Floor PlanMap
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: n/a
Outside Space/Garden: n/a
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 30%, full price £720,000, £10,800 Min Deposit. Calculated using a representative rate of 5.03%
