2 bedroom apartment for sale
Chenille Court, , SM6 7BF
Share percentage 50%, full price £325,000, £16,250 Min Deposit.
Share percentage 50%, full price £325,000, £16,250 Min Deposit.
Monthly Cost: £1,315
Rent £387,
Service charge £137,
Mortgage £791*
Calculated using a representative rate of 4.24%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Wallington, London
Description
Bright, spacious two-bedroom apartment on the first floor in Wallington, London located within a residential development of mixed properties and shops. The property comprises a private entrance hall with a fitted cupboard, a large open plan kitchen/reception room, two bedrooms, and a family bathroom with WC. The property benefits from a private balcony accessed via the reception room, communal grounds and bike stores, and an undercroft allocated parking space.
Minimum income required: £57,980
This is reduced if a larger deposit is available.
More shares can be purchased, from a minimum of 10%.
Available for £162,500 for 50% share based on the marketing figure of £325,000.
SO Resi Monthly Payment - £386.73
Monthly Service Charge - £136.72
Total Monthly Charge - £523.45 plus mortgage required for 50% share.
Read more about our Covid-19 update:https://soresi.co.uk/covid-19-message-resales/
Layout and dimensionsKitchen/Reception Room: 2.97 x 8.02
Bedroom 1: 1.71 x 4.73
Bedroom 2: 2.79 x 4.74
EPC ratingEnergy Rating Band - B
Other informationAll room dimensions are approximate.
Please note figures given for SO Resi monthly payment and service charge are correct at the time of marketing. There is an annual increase that takes place. Please contact us for more information.
Key Features
- Two bedroom
- Large open plan reception room
- Private balcony
- Allocated undercroft parking
- Bike storage
- Available for 50% share
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 £325,000, £16,250 Min Deposit. Calculated using a representative rate of 4.24%
