1 bedroom apartment for sale

Available

Chancery Building, 3 New Mill Road, SW11 7AS

£357,500 · Shared Ownership Resale

Share percentage 65%, full price £550,000, £35,750 Min Deposit.

Available
1 bedroom
1 Bathroom
Floor plan
floor-plan
Floor plan
floor-plan
£357,500 Shared Ownership Resale · Eligibility Eligibility

Share percentage 65%, full price £550,000, £35,750 Min Deposit.

Monthly Cost: £1,918
Rent £89, Service charge £288, Mortgage £1,541*

Calculated using a representative rate of 3.09%

Calculate estimated monthly costs

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Eligibility
You may be eligible for this property if: -You must be at least 18 years old -Your annual household income must be less than £90,000 -You are unable to purchase a suitable home to meet your housing needs on the open market -You should generally be a first time buyer. If you already own a property, you must be in the process of selling or have already sold it before you can apply Please note that applicants will be expected to purchase the maximum share that is sustainable for them.
Summary

Well presented one-bedroom (51m2), fifth floor apartment with private balcony, now available in Wandsworth.

Description

Once you have registered your interest, you will receive an email to book your viewing.

This apartment in Chancery Building is a one double-bedroom property located in the heart of Zone 1 - Wandsworth.The property is well located just a stone’s throw from the River Thames with good transport links including Vauxhall Overground and Underground just 0.6 miles away (5 minutes into London Waterloo and access to Victoria Line) as well as Battersea Park station just 0.7 miles away (4 minutes into London Victoria). The new Nine Elms & Battersea Park underground stations just 0.25 miles away.Local buses serve the area to Central London for quick and easy access. The approximate size of the property is 51 sq. m. and the time remaining on the lease is 119years.

Local amenities are located in close proximity with a very large Waitrose for your groceries as well as an abundance of shops, bars and restaurants within walking distance. Battersea PowerStation and Battersea Parkis within a 15 min walk.

  • Nearest Station:Vauxhall Overground/Underground & Stockwell Underground
  • Bus Routes Nearby:156, 344, 436

The property located on the fifthfloor comprises:

  • Entrance: Hallway with large storage cupboard and entry phone system. Includes space to keep washing machine.
  • Living Room:Spacious living area with open plan kitchen,lots of natural light and floor to ceiling windows. Access door to private balcony. Oak laminatewood flooring.
  • Kitchen: Symphony white highgloss base and wall units with marble worktop and splashback. Integrated appliances in very good condition. Oak woodlaminate flooring.
  • Bedroom One: Double bedroom with fitted wardrobe. Woolmix light coloured carpet flooring. Includes floor to ceiling windows to maximise light in the room.
  • Bathroom:White suite comprising panelled bath with shower head over bath, WC and hand washbasin with largemirror. Heated towel rail. Linoleum flooring.
  • Outside: Private balcony, overlooking communal gardens and secure cycle storage.

What happens after I register my interest?

After registering your interest for a Peabody home, you will receive an email confirmation from us. The email will confirm what you need to do next to secure a property viewing which includes completing a financial assessment with a mortgage advisor and completing the Shared Ownership Application Form.

If you don’t receive this email within an hour of your registration, please check your spam or junk folders and set your spam filter to allow incoming emails from Peabody. If you still haven’t received the email after checking here, please contact peabody.resales@peabody.org.uk and our team will be able to help you.

What is Shared Ownership?

Available to purchase through Shared Ownership, purchasers are able to buy as much of the property as they can afford, from 25 - 75%, paying a low cost rent on the remaining unpurchased 'share' of the home. What's more, your mortgage deposit is based on the value of the share you buy, not the full market value, making these high-spec homes even more affordable in such a sought after location.

Financial information

  • Tenure:Leasehold
  • Remaining Lease Term: 119Years
  • Annual ground rent amount: N/A until final staircasing
  • Ground rent review period: Contact solicitor if decide to staircase
  • Annual service charge amount: £3,456
  • Service charge review period: 1st April annually
  • Council tax band: Band E
Key Features
  • Available through Shared Ownership
  • Beautifully presented
  • Great transport links
  • Large Private Balcony
Property Downloads
Floor Plan
Map
Battersea Power Station (0.34 miles) Pimlico (0.56 miles) Vauxhall (0.56 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.

£357,500
Shared Ownership Resale
Estimated Monthly Cost:£1,918
Rent £89
Service Charge £288
Mortgage £1,541

Share percentage 65%, full price £550,000, £35,750 Min Deposit. Calculated using a representative rate of 3.09%


Development
Resales
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.