3 bedroom apartment for sale

Available

Flat 5 Seam Court, 5 Rayon Close, SM6 7FX

£215,000 · Shared Ownership New Build

Share percentage 50%, full price £430,000, £10,750 Min Deposit.

Available
3 bedrooms
Floor plan
floor-plan
Floor plan
floor-plan
£215,000 Shared Ownership New Build · Eligibility Eligibility

Share percentage 50%, full price £430,000, £10,750 Min Deposit.

Monthly Cost: £1,649
Rent £493, Service charge £85, Mortgage £1,071*

Calculated using a representative rate of 3.94%

Calculate estimated monthly costs

£
Eligibility
To be eligible for shared ownership you would need to meet the following criteria:
  • Your household income does not exceed £80,000 (outside of London) and £90,000 (inside of London)
  • You have a deposit of at least 5% of the share value
  • You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
  • This will be your only residence.
  • You are a permanent UK resident or have indefinite right to remain.
Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.
Summary

Wonderful 3 bedroom apartment in the New Mill Quarter Development. The price advertised represents purchasing a 50% share of the home.

Description

Wonderful 3 bedroom apartment in the New Mill Quarter Development. The price advertised represents purchasing a 50% share of the home.

About the Development

New Mill Quarter will offer 1, 2 and 3 bedroom, high quality apartments. Thissouth-west Londondevelopment, located a 5 minute drive away from Croydon, offersdirect links toLondon Victoria in under 30 minutesfrom the adjacent Hackbridge Station.

Living at New Mill Quarter will allow you toembrace the outdoorswith running, cycle trails and walks through the nearby 143 acre Beddington Park and also relax in Hackbridge Gardens on-site.With aLidlsupermarket, proposed caféand shops on your doorstep, everything is close to hand.

About the Home

This wonderful, brand new apartment offers spacious rooms with large windows which provide lovely natural light. There is an abundance of storage space. This apartment is also offered with a private patio.

About the Area

Hackbridge is an up and coming popular area, now desired by many as a place to set roots. With Amenities to suit all needs, Hackbridge would be great for growing families as well as commuters. The area is surrounded by various parks, great for long walks of bike rides. Furthermore, there are a selection of 'outstanding' schools in the area.

The selection of supermarkets is great and there are an abundance of cafes, pubs and restaurants to suit everyone needs. This opportunity, presented with its great transport links and plentiful amenities should not be missed.

Shared Ownership

The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller upfront payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright. You can buy a minimum 50% share of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.

T&Cs

*Please note images are for information purposes only and may not represent a true likeness for the units being sold. Some or all images have been digitally furnished to represent how the home could be laid out and the final colours/appearance may differ from the images.

*Services Charges will apply, speak to our Sales Agent for more information. Costs are subject to change.

Key Features
  1. 3 bedroom first floor apartment
  2. Flooring throughout
  3. Storage space
  4. Open plan living
  5. Large windows
  6. Various integrated appliances
  7. 3 piece bathroom with shower over bath
  8. There will be an added service charge
Property Downloads
Floor Plan Energy Certificate
Map
Hackbridge (0.17 miles) Carshalton (0.76 miles) Mitcham Junction (1.04 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.

£215,000
Shared Ownership New Build
Estimated Monthly Cost:£1,649
Rent £493
Service Charge £85
Mortgage £1,071

Share percentage 50%, full price £430,000, £10,750 Min Deposit. Calculated using a representative rate of 3.94%


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.