1 bedroom apartment for sale

Available

PHOENIX WAY, 23-25 EAST HILL, SW18 2PW

£131,250 · Shared Ownership Resale

Share percentage 35%, full price £375,000, £13,125 Min Deposit.

Available
1 bedroom
1 Bathroom
£131,250 Shared Ownership Resale · Eligibility Eligibility

Share percentage 35%, full price £375,000, £13,125 Min Deposit.

Monthly Cost: £1,470
Rent £623, Service charge £181, Mortgage £666*

Calculated using a representative rate of 4.64%

Calculate estimated monthly costs

£
Eligibility

You will need to be earning a guidance income of £ 52,884. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £13,125 Total approximate savings required £ 17,125. Applicants must be earning under £90,000 to be eligible for one, two and three bedroom apartments.

Wandsworth will only accept applicants who have registered with Wandsworth Home Buy council and have been granted a reference number. You will not be able to book a viewing for this resale property unless you can provide your Wandsworth reference number. This property will only be allocated to registered applicants for a minimum of eight weeks.

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

Summary

2nd Floor 1 bedroom flat availabe through shared ownership for 35% £ 131250 full market value £ 375000

Description

Second floor: Entrance hall, open plan kitchen / living room, bedroom and bathroom with W.C.

External : Communal grounds.

GIA: 52 sqm

EPC: C

Lease Term: 135 Years

Borough: Wandsworth

Key Features

The building is located on the corner of York Road with Trinity Road. The flat is located to the rear of the building overlooking the gardens

Particulars

Tenure: Not specified
Council Tax Band: Not specified

Map
Wandsworth Town (0.39 miles) Clapham Junction (0.61 miles) Wandsworth Common (1.08 miles)
Monthly Cost Calculator

The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.

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  • 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.

£131,250
Shared Ownership Resale
Estimated Monthly Cost:£1,470
Rent £623
Service Charge £181
Mortgage £666

Share percentage 35%, full price £375,000, £13,125 Min Deposit. Calculated using a representative rate of 4.64%


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.