£56,250

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

Living 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.

Energy 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.