Share Price £135,000 (from 30% Min. Share)

Full Value £450,000 | £13,500 Min. Deposit

Scheme: Shared Ownership Resales

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2 bedroom apartment in Wandsworth

place Queen Marys House, Holford Way, SW15 5DU

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Beautiful 2 Bedroom Apartment with Parking through shared ownership 30% £135000 full M/V £455000


Eligibility

You will need to be earning a guidance income of £56,211. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £13,500. Total approximate savings required £17,500.

Wandsworth Home Ownership Applicants Only

We recommend speaking to an Independent Financial Advisor (IFA), experienced in dealing with shared ownership sales, to ascertain your affordability for this home.

Applicants must be earning under £90,000 gross per annum

If you are an existing homeowner, we will not be able to allocate you a home unless you have found a buyer for your existing home, ready to exchange.


Description

Second floor: Entrance hall, open plan kitchen / living room, utility cupboard, two bedrooms, en suite shower room with W.C. and family bathroom with W.C.

External: Communal grounds and central garden / courtyard.

Balcony: Private balcony.

Parking: Allocated underground parking for one car.

Passenger lift: x4

Floor area: 61 sq.m (656 sq.ft.) GEFA (Approximate)

EPC Rating

B

Length of Lease

112 Years

Borough

Wandsworth

Monthly Fees

Mortgage: £682.82

Rent: £702.02

Service Charge: £175.89

Estimated Total (per month): £ £1,560.73 excluding council tax

*Estimate – The monthly mortgage is based on an interest rate of 4.5% with a capital and interest repayment over 25 years. It is based on a 10% mortgage. The rent may increase each year, the increase calculation will be specified in the lease.


Key Features

Secured door entry system

Residents Gym

Allocated Parking

Great Location close to Richmond Park

Pets are allowed with permission


Download Documents

Property brochure 1
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Calculate Monthly Cost

Share price
£ 135,000
Min. £135,000
Share percentage
Min. 30%
Your deposit
Min. £13,500
Monthly cost*
£1,460
Cost breakdown
£702
Rent
£176
Service charge
£582
Mortgage*
Calculated using a representative rate of 3.09%
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Location

Disclaimer

The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together:

  • 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 costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.


NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.