1 bedroom apartment for sale
Recovery Street, SW17 0DL
Share percentage 50%, full price £370,000, £18,500 Min Deposit.
Share percentage 50%, full price £370,000, £18,500 Min Deposit
Monthly Cost: £1,599
Rent £429,
Service charge £236,
Mortgage £934*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
One bedroom, ground floor apartment
Description
SHARED OWNERSHIP
Full Market Value: £370,000
You pay (50%): £185,000
Monthly Rent: £428.78
Monthly Service charge: £235.94
Annual Ground Rent: N/A
Council Tax Band: C
125 Year lease commenced in July 2010 - 110 years remaining
EWS1 Certification is available - B2 rating - Leaseholders will not be asked to pay any remediation costs.
This well proportioned ground floor apartment consists of a bright and airy dual aspect open plan living area, a large bedroom and family bathroom.
The property is set in a fantastic location just a short walk from Tooting Broadway Station and St Georges University hospital. The convenient location allows easy access to Tooting High Street and the the many boutique shops, bars and eclectic mix of eateries it has to offer.
The buyer will require a deposit to obtain a mortgage for this property.
To meet the requirements for this property we require as a guideline, a minimum household income of £60,041. If you are offered the property, your ability to afford this property will be assessed at your financial interview. Please note; applicants should purchase the maximum share that they can afford and sustain.
Only applicants who are registered with London and Quadrant will be eligible to be offered the property for our schemes. If you are not registered please visit our website www.lqhomes.com and register to obtain your unique reference number.
*APPLICANTS MUST BE LIVING OR WORKING IN WANDSWORTH AND REGISTERED WITH THE LOCAL AUTHORITY HOMEBUY TEAM*
Your home is at risk if you fail to keep up repayments on a mortgage, rent or other loan secured on it. Please make sure you can afford the repayments before you take out a mortgage.
These particulars are of opinion only, are intended to give a fair description and do not form the basis of a contract. The descriptions and all other information are believed to be correct as of March 2025.
Key Features
- Great location
- Good transport links
- Ground floor
- Gas central heating
Particulars
Tenure: Leasehold
Lease Length: 109 years
Council Tax Band: C
Property Downloads
Key Information Document Floor Plan Energy CertificateVirtual Tour
Map
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 50%, full price £370,000, £18,500 Min Deposit. Calculated using a representative rate of 4.59%
