3 bedroom apartment for sale
Available
Plough Lane, SW17 0BL
£160,000 · Shared Ownership New Build

Share percentage 25%, full price £640,000, £8,000 Min Deposit.

Available
3 bedrooms
Floor plan
floor-plan
Floor plan
floor-plan
£160,000 Shared Ownership New Build · Eligibility Eligibility

Share percentage 25%, full price £640,000, £8,000 Min Deposit.

Monthly Cost: £1,862
Rent £880, Service charge £185, Mortgage £797*

Calculated using a representative rate of 3.94%

Calculate estimated monthly costs

£
Eligibility

You may be eligible for this property if:

  • You have a gross household income of no more than £90,000 per annum.
  • You are unable to purchase a suitable home to meet your housing needs on the open market.
  • You do not already own a home or you will have sold your current home before you purchase or rent.
Summary

Now available to reserve! Book your appointment today. Available through Shared Ownership.

Description

Now Available to Reserve

Book your virtual or face-to-face appointment today

The Switch is part of an extensive regeneration programme, set across a large mixed-use project complete with a new purpose-built Wimbledon Football Club Stadium, which is set to transform the surrounding area.

These new quality apartments at The Switch offer luminous living spaces with premium fittings and finishes throughout, and all carefully designed to fully meet the demands of modern living, without sacrificing contemporary style.

Plot 118
* Full market value = £640,000
* Example 40% share price = £256,000
* Rent = £704pcm (charged at 2.2% of the unsold equity)
* Estimated service charge = £296pcm

How does Shared Ownership work?

Shared Ownership is a Government-backed scheme for first-time buyers who are unable to afford a suitable home at the full market price.

You initially purchase between 25-75% of the home's market value. You then pay subsidised rent on the remainder calculated at 2.75% per annum.

Am I eligible?

To be considered eligible for the Shared Ownership scheme your yearly income must be below £80,000. For London the limit is £90,000.

Those who already own a home are not eligible for the scheme. You would need to sell your current home to be considered

Will I need to pay a deposit?

In terms of a deposit you will need 5% of the percentage of the home you're purchasing.

Kitchens come with fully integrated appliances, designer units and stone worktops. Bath and shower rooms offer oak veneered alcoves, porcelain tiled floors and walls and chrome- plated fixings.

Bedrooms feature floor-to-ceiling fitted wardrobes, brushed metal sockets and subtle light grey carpets.

All apartments at The Switch are offered on the Shared Ownership scheme, making them ideal for first-time buyers.

Don't miss out on coming to view these stunning apartments - register your interest now

We look forward to seeing you soon!

Key Features
  • 3 bedroom apartment on the fifth floor available through Shared Ownership
  • Available from a 25% - 75% share
  • Private balcony (or terrace)
  • Gloss grey designer kitchen units, all with soft-close doors and concealed handles.
  • Stone worktop with upstand and glass splashback.
  • Fully integrated kitchen appliances including washer/dryer and dishwasher
  • Amtico flooring to all communal areas
  • Floor to ceiling wardrobes to main bedroom
  • Carpet to bedroom
  • Contemporary bathroom suites with full tiling to the walls and floor
  • Podium gardens
  • Lifts to all apartment levels
  • Easy access to Wimbledon Park, Richmond Park and Wimbledon Common
  • 1 mile to Earlsfield with a range of popular amenities and National Rail service
  • 1 mile to Tooting Broadway Station on Northern line
Property Downloads
Floor Plan Energy Certificate
Map
Haydons Road (0.43 miles) Wimbledon Park (0.70 miles) Tooting Broadway (0.72 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 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.

£160,000
Shared Ownership New Build
Estimated Monthly Cost:£1,862
Rent £880
Service Charge £185
Mortgage £797

Share percentage 25%, full price £640,000, £8,000 Min Deposit. Calculated using a representative rate of 3.94%


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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.