2 bedroom apartment for sale
Grangecote Place, 61a Ross Road, Wallington, SM6 8FB
Share percentage 40%, full price £355,000, £14,200 Min Deposit.
Share percentage 40%, full price £355,000, £14,200 Min Deposit
Monthly Cost: £1,506
Rent £581,
Service charge £208,
Mortgage £717*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a Two Bedroom Apartment on a Shared Ownership (Part Buy/Part Rent) Basis
Description
A great chance to buy a shared-ownership apartment with two, large, wrap-around terraces. The property occupies the whole of the top floor of a recently-constructed development and is predominantly south/south-east facing. There is a spacious, triple-aspect kitchen/reception room with attractive flooring, sleek, handle-less units and integrated appliances including dishwasher and fridge freezer. A door leads out onto one of the terraces. The main bedroom also benefits from windows on three sides along with a built-in wardrobe and access to the other terrace. There is a good-sized second double bedroom and a stylish, naturally-lit bathroom. Storage/utility cupboards have been provided in the entrance hallway and the energy-efficiency rating is very good, thanks to well insulated walls and roof, high performance glazing and underfloor heating fed from a modern gas boiler. To the rear of the block is an area of communal garden plus a car park which includes two spaces allocated to this apartment. Alternatively, Wallington Railway Station, for Southern services between London Bridge/Victoria and Epsom/Epsom Downs, is just a short walk away.
SHARED OWNERSHIP (Advertised price represents 40% share. Full market value £355,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/bdhccnp8]
(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)
Housing Association: Sutton Housing Partnership.
Tenure: Leasehold (125 years from 08/12/2021).
Minimum Share: 40% (£142,000).
Shared Ownership Rent: £581.37 per month (subject to annual review).
Service Charge: £208.04 per month (subject to annual review).
Guideline Minimum Income: Dual - £51,800 | Single - £59,400 (based on minimum share and 10% deposit).
Council Tax: Band C, London Borough of Sutton.
This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone. Pets not permitted (except assistance animals).
Key Features
- Guideline Minimum Deposit £14,200
- Guide Min Income Dual £51.8k | Single £59.4k
- Top (Third) Floor
- Approx. 700 Sqft Gross Internal Area
- Triple Aspect Kitchen/Reception Room
- Very Good Energy Efficiency Rating
- Two Wrap-Around Terraces
- Two Allocated Spaces in Gated Car Park
Particulars
Tenure: Leasehold
Lease Length: 121 years
Council Tax Band: C
Property Downloads
Floor Plan BrochureMap
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: Yes - Allocated
Outside Space/Garden: Yes - Private Balcony
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 40%, full price £355,000, £14,200 Min Deposit. Calculated using a representative rate of 4.59%