2 bedroom apartment for sale
Chenille Court, , SM6 7BF
Share percentage 50%, full price £305,000, £7,625 Min Deposit.
Share percentage 50%, full price £305,000, £7,625 Min Deposit.
Monthly Cost: £1,396
Rent £371,
Service charge £156,
Mortgage £869*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Wallington, London
Description
A modern first floor flat in Wallington available for sale through the Shared Ownership Scheme. The property comprises two double bedrooms with a generously sized bathroom, as well as a large internal storage cupboard. The open plan kitchen/dining and living room provides a very spacious feel, with direct access to a balcony. This property would be perfect for first time buyers or a new family.
- Minimum income requirement - £48,446
- Income requirement reduces if a higher deposit's available
- Buy more shares for a minimum of 10%
Available for £152,500 for 50% share based on the marketing figure of £305,000.
Monthly rent - £370.62
Monthly Service Charge - £156.16
Total Monthly Charge - £526.78 plus mortgage required for 50% share.
An annual rent increase takes place every April
Read more about our Covid-19 update:https://soresi.co.uk/covid-19-message-resales/
Layout and dimensionsFirst Floor
Two bedrooms, one bathroom, one living room/kitchen.
Kitchen / Reception Room
24'11 (7.59) max x 13'3 (4.04) max
Bedroom 1
13'4 (4.06) max x 9' (2.74) max
Bedroom 2
13'4 (4.06) max x 8'3 (2.51) max
External
The property has a balcony.
The internal floor area measures approximately 64 metres squared internally.
Lease informationYears remaining on lease: 121
The remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.
EPC ratingEnergy Rating Band - B
Environmental Impact Band - B
All room dimensions approximate.
Please note figures given for SO Resi monthly payment and service charge are correct at time of marketing. There is an annual increase that takes place. Please contact us for more information.
Key Features
- Two bedrooms
- First floor flat
- Spacious master bedroom
- Purpose built
- Electric appliances included
- Contemporary design
- Electric heating
- Visitor's parking
- Secure bike storage
- Brilliant transport links
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor PlanMap
The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.
- 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.
Share percentage 50%, full price £305,000, £7,625 Min Deposit. Calculated using a representative rate of 5.26%
