Share Price £322,500 (from 75% Min. Share)

Full Value £430,000 | £32,250 Min. Deposit

Scheme: Shared Ownership Resales

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1 bedroom apartment in Lambeth

place 3 Singer Mews, Clapham, SW4 6AX

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date_range Viewings 12th and 13th September - Call 0203 815 0060 to book
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Fourth floor, one bedroom apartment with a balcony in Lambeth


Eligibility

You will need to be earning a guidance income of £73,426. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £32,500. Total approximate savings required £36,500.

Important borough specific eligibility criteria

Lambeth

All London applicants will be considered with priority given to Lambeth residents.

Applicants must be earning under £90,000 to be eligible for one, two and three bedroom apartments.

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 and are deemed to be in need of housing by your local council.


Description

A beautifully presented one bedroom fourth floor flat with lift, within 10 minutes walk of both Stockwell and Clapham North tube stations. This well proportioned flat offers an open plan kitchen/living room with direct access onto a large balcony and a spacious double bedroom. The property has a well appointed bathroom with large walk-in shower, and large storage cupboard in the entrance hall. Singer Mews is a secure gated development within short walking distance of transport links, the green open spaces of Clapham Common and Larkhall Park, and the many amenities of Clapham High Street.

Ground Floor

Entryphone system to Communal Grounds, Second entry phone to enter the block, Communal hallway, Passenger Lift and Stairwell

4th Floor

Bedroom, Reception/Kitchen, Hallway, Bathroom with WC, boiler/storage cupboard, balcony.

External

Terrace

GIA
45 SQM

Accessibility rating
D

EPC rating
B

Length of lease
95 Years

Borough
Lambeth

Viewings 12th, 13th and 14th September.


Key Features

  • Balcony
  • The general area is well served by bus routes and a few local shops

Local Transport

  • Stockwell Underground Station - (Northern & Victoria Lines) 0.3mi
  • Clapham High Street Train Station - (Overground & Southern Trains) 0.6mi

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Energy Certificate

Accessibility

D – Easy Access

Compatible with the design standards in Mobility Standard Housing (1974) produced by the DoE and Housing Corporation Scheme Development Standards (pre-1999) and Part M of Building Regulations (2000). The main features of these properties include a level approach to the entrance, wider doorways and more space than in general needs housing. These properties may also have an internal flight of stairs and if so, there is enough space to accommodate future provision of a stair lift subject to technical feasibility.


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Calculate Monthly Cost

Share price
£ 322,500
Min. £322,500
Share percentage
Min. 75%
Your deposit
Min. £32,250
Monthly cost*
£1,796
Cost breakdown
£266
Rent
£140
Service charge
£1,390
Mortgage*
Calculated using a representative rate of 3.09%
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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.