1 bedroom apartment for sale
Roupell Road, Lambeth, SW2 3EP
Share percentage 40%, full price £350,000, £7,000 Min Deposit.
Share percentage 40%, full price £350,000, £7,000 Min Deposit
Monthly Cost: £1,415
Rent £442,
Service charge £212,
Mortgage £761*
Calculated using a representative rate of 4.78%
Calculate estimated monthly costs
Summary
A 1 bed shared ownership property available in Lambeth, London
Description
This bright, vibrant, well-decorated one-bedroom apartment is now in South West London through Shared Ownership.
The property on the ground floor comprises an entrance hall, a spacious living room with a modern open-plan kitchen, a utility cupboard, one double bedroom, and a bathroom.
Outside, there is a private patio garden. Perfect for couples and singles.
Available for £140,000 for 40% share based on the marketing figure of £350,000.
Monthly rent - £441.79
Monthly Service Charge - £212.33
Total Monthly Charge - £654.12 plus mortgage required for 40% share.
An annual rent increase takes place every April
LocationLiving in Streatham is a pleasant experience. This area in South London has a mix of quiet streets and busy shops. Families can enjoy friendly parks where children can play and people can take walks. The community feels warm and welcoming.
There are several nice cafes and restaurants where you can grab a coffee or a tasty meal. Public transport is easy to use, making it simple to travel to other parts of London. The local schools are good, a plus for families with kids. On weekends, many people like to visit the nearby markets or join in local events.
Overall, living in Streatham offers the best of both worlds—peaceful living with the excitement of city life just a short ride away. It’s a great place to call home for anyone looking for comfort and community.
Lease informationYears remaining on lease: 170
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.
Other informationThis property is offered under Shared Ownership and is allocated on a first-come, first-served basis, subject to applicants meeting all eligibility and affordability criteria. However, in some cases, local authority planning agreements (Section 106) may apply, which could give priority to applicants who meet specific local connection requirements. A full allocation policy is available on your provider’s website or by contacting us directly. We encourage potential buyers to get in touch with any questions about the scheme or application process.
Key Features
- One bedroom apartment
- Private patio garden
- Amenities nearby
- Excellent travel links
- Available for 40% share
- 5% minimum deposit
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
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 40%, full price £350,000, £7,000 Min Deposit. Calculated using a representative rate of 4.78%