2 bedroom apartment for sale
Festival Court, , SM1 3TU
Share percentage 30%, full price £265,000, £7,950 Min Deposit.
Share percentage 30%, full price £265,000, £7,950 Min Deposit.
Monthly Cost: £1,169
Rent £574,
Service charge £192,
Mortgage £403*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Sutton, London
Description
Spacious two bedrooms apartment in Sutton, London. The property comprises two bedrooms, one double, one single, lounge area with fitted kitchen and fitted entrance hall. The property also benefits from communal grounds and allocated parking space.
- Minimum income requirement - £31,682
- Income requirement reduces if a higher deposit's available
- Buy more shares for a minimum of 10%
Available for £79,500 for 30% share based on the marketing figure of £265,000.
SO Resi Monthly Payment - £573.82
Monthly Service Charge - £191.58
Total Monthly Charge - £765.40 plus mortgage required for 30% share.
Read more about our Covid-19 update:https://soresi.co.uk/covid-19-message-resales/
Layout and dimensionsGround Floor:
Communal entrance lobby with staircase and lift
First Floor:
Private entrance hall with fitted storage and airing cupboards
Bedroom 1:
3.19 x 3.19m
Bedroom 2:
2.63 x 3.26
(dimensions of main room area).
Bathroom with WC
Open plan kitchen/reception room:
5.45 x 3.02 plus 4.89 x 2.22m
Outside:
Communal grounds and areas, including bin and bike stores. Allocated parking space.
Energy Rating Band - B
Environmental Impact Band - B
All room dimensions are 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
- Communal grounds and areas
- Allocated parking space
- Lift
- Available for 30% share
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Map
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 30%, full price £265,000, £7,950 Min Deposit. Calculated using a representative rate of 4.64%
