2 bedroom apartment for sale
Morrish Road, Brixton Hill, SW2 4ED
Share percentage 25%, full price £440,000, £5,500 Min Deposit.
Share percentage 25%, full price £440,000, £5,500 Min Deposit
Monthly Cost: £1,555
Rent £750,
Service charge £192,
Mortgage £613*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Brixton Hill, London
Description
This bright two-bedroom apartment is now available in South West London (Brixton) through Shared Ownership.
The second-floor property comprises an entrance hall, a spacious living room, two bedrooms (one en-suite) and a bathroom.
Outside, there is a private balcony, and allocated gated parking is available. Perfect for couples or small families.
Available for £110,000 for 25% share based on the marketing figure of £440,000.
Monthly rent - £749.60
Monthly Service Charge - £192.11
Total Monthly Charge - £941.71 plus mortgage required for 25% share.
An annual rent increase takes place every April
LocationLocated in SW2 the flat is on a quiet side street & centred between Clapham common, Streatham & Brixton. Local cafes & bars are within easy walking distance (5mins) from Streatham high road, Brixton & Clapham common.
There are several gastropubs in the area along with restaurants.
On-street parking is available without a parking permit. Shared resident parking is available.
Energy rating band - B
Environmental impact band - B
Years remaining on lease: 967
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
- Two bedroom apartment
- Modern kitchen
- En-suite included
- Excellent travel links
- Available for 25% share
- 5% minimum deposit only
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
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 25%, full price £440,000, £5,500 Min Deposit. Calculated using a representative rate of 5.03%
