Share Price £250,000 (from 50% Min. Share)

Full Value £500,000 | £25,000 Min. Deposit

Scheme: Shared Ownership Resales

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Resales - 1 bed apartment in Wandsworth

place Warwick Building, 366 Queenstown Road, Chelsea Bridge Wharf, SW11 8NJ

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L&Q Group

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L&Q Shared Ownership - One bedroom, third floor balcony apartment.


Description

SHARED OWNERSHIP

Full Market Value – £500,000

You Pay (50%) - £250,000

Monthly Rent - £396.34

Service Charge - £303.00

Annual Ground Rent - £N/A

lease commenced on 01/07/2002(170 years remaining)

NO PARKING

EWS1 Certification is available for this property

Local Information & Transport

To find out any local information you would like to know about this property, please head over to:www.streetchecker.co.ukStreetCheck pulls together in-depth information about properties and people across the United Kingdom. Itshows you everything you need to know about the local area, just enter the postcode for this property tofind your information.

The buyer will require a deposit to obtain a mortgage for this property.

This home is available to applicants who are affordable, meetthe minimum household income requirement of£58,248 andable toraise a shared ownershipmortgage.If you are offered the property, your affordability will be assessed at a financial interview. Applicants are expected to purchase the maximum share that they can afford and sustain.

Only applicants who are registered with London and Quadrant will be eligible to view a property in one of our schemes. If you are not registered please visit our websitewww.lqhomes.com and register to obtain your unique reference number.

Your home is at risk if you fail to keep up repayments on a mortgage, rent or other loan secured on it. Please make sure you can afford the repayments before you take out a mortgage.

These particulars are of opinion only, are intended to give a fair description and do not form the basis of a contract. The descriptions and all other information are believed to be correct as of November2020.


Key Features

  • Multi aspect living area open plan to kitchen with door providing access out to private balcony.
  • Kitchen fitted with light wood grain effect units and granite effect work surfaces. Integrated electric oven, hob, extractor fan. Space for a fridge, washing machine and dishwasher.
  • Double bedroom with fitted wardrobe.
  • Bathroom, fitted with white suite and shower over bath. Large mirror above sink area and heated towel radiator.
  • Hall storage cupboard.
  • Electric heating (not tested).
  • Double glazed windows.
  • Private balcony.
  • Close to Train Station.

Download Documents

Link to the floor plan
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Calculate Monthly Cost

Share price
£ 250,000
Min. £250,000
Share percentage
Min. 50%
Your deposit
Min. £25,000
Monthly cost*
£1,783
Cost breakdown
£402
Rent
£303
Service charge
£1,078
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.