1 bedroom apartment for sale
Ian Macdonald Court, Adastra Court, SM6 9FD
Share percentage 25%, full price £225,000, £2,813 Min Deposit.
Share percentage 25%, full price £225,000, £2,813 Min Deposit
Monthly Cost: £828
Rent £378,
Service charge £137,
Mortgage £313*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 1 bed shared ownership property available in Wallington, London
Description
This bright and modern 1 bedroom apartment on the first floor of a three storey building is now available in Wallington through Shared Ownership.
The property comprises a private entrance hall leading to the living/kitchen area, bathroom, bedroom and private balcony.
Outside, there is shared off-road parking and a communal garden area. Perfect for couples.
Available for £56,250 for 25% share based on the marketing figure of £225,000.
Monthly rent - £378.05
Monthly Service Charge - £136.54
Total Monthly Charge - £514.59 plus mortgage required for 25% share.
An annual rent increase takes place every April
LocationLiving in Wallington offers a fantastic location with convenient access to local amenities and excellent transport links to South London. The area is well-served by bus stops, providing direct routes to Morden Underground Station, Sutton, and Purley Way, which boasts a variety of shops including Hobbycraft, Sainsbury's, and IKEA.
For everyday needs, a Co-op is just a short walk away. For exercise and recreational activities, the Phoenix Centre and David Lloyd Purley are right around the corner.
Nature enthusiasts will love the nearby green spaces. Roundshaw Park features a children's play area and public tennis and basketball courts. Roundshaw Downs is ideal for leisurely walks, picnics, and enjoying the local greenery. The area also includes an old runway from the now-defunct Croydon Airport, adding a touch of historical charm, and even has cows grazing.
EPC ratingEnergy rating band - B
Environmental impact band - B
Years remaining on lease: 109
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
- One bedroom apartment
- Private balcony
- Communal garden
- Modern kitchen living area
- 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 £225,000, £2,813 Min Deposit. Calculated using a representative rate of 5.03%