1 bedroom apartment for sale

Available

Lowe House, 12 Hebden Place, SW8 2FT

£197,750 · Shared Ownership Resale

Share percentage 35%, full price £565,000, £19,775 Min Deposit.

Available
1 bedroom
1 Bathroom
Private Balcony/Terrace
Floor plan
floor-plan
Floor plan
floor-plan
£197,750 Shared Ownership Resale

Share percentage 35%, full price £565,000, £19,775 Min Deposit.

Monthly Cost: £1,666
Rent £480, Service charge £264, Mortgage £922*

Calculated using a representative rate of 3.82%

Calculate estimated monthly costs

£
Summary

A Fantastic Opportunity to Purchase a One Bedroom Apartment, on a Shared Ownership (Part Buy/Part Rent) Basis, through Clarion Housing

Description

A well-proportioned and smartly-presented apartment that occupies a favourable position in the development - the balcony providing a very pleasant view of the attractive communal garden. Internally, the property has an open-plan kitchen/reception room with sleek, cream-coloured units and integrated appliances. There is a spacious bedroom and a stylish bathroom. A generous amount of built-in storage has been included in the entrance hallway. Lowe House is part of a recently-constructed development within the extensive Nine Elms regeneration area - an ambitious, multi-billion pound project predicted to have a transformational effect on what is already a desirable central London location. The brand new Nine Elms Northern Line Station is just minutes away and Vauxhall Station is also within easy reach. Modern insulation standards and underfloor heating supplied from a communal system make for very good energy-efficiency ratings. The development has a concierge, gym and a residents' lounge with private dining room and cinema room.

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM https://tinyurl.com/4xt5f53x

(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)

Housing Association:Clarion.
Tenure:Leasehold (125 years from 2016).
Minimum Share:35% (£197,750). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent:£480.28 per month (subject to annual review).
Service Charge:£263.55 per month (subject to annual review).
Ground Rent:£250.00 for the year.
Guideline Minimum Income:Dual - £55,500 | Single - £62,750 (based on minimum share and 10% deposit).
Council Tax:Band E, London Borough of Lambeth. Priority is given to applicants living and/or working in this local authority.

This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone. Pets not permitted (except assistance animals). There is no parking space offered with this property.

Key Features
  • Guideline Minimum Deposit £19,775
  • Guideline Income Dual £55.5k | Single £62.8k
  • Seventh Floor with Balcony
  • Approx. 564 Sqft Gross Internal Area
  • Communal Heating and Hot Water
  • Communal Garden, Concierge and Gym
  • Minutes from Nine Elms Station
  • Short Walk to Vauxhall Station
Particulars

Tenure: Not specified
Council Tax Band: Not specified

Property Downloads
Floor Plan Brochure Energy Certificate
Map
Vauxhall (0.42 miles) Battersea Power Station (0.56 miles) Pimlico (0.64 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.

£197,750
Shared Ownership Resale
Estimated Monthly Cost:£1,666
Rent £480
Service Charge £264
Mortgage £922

Share percentage 35%, full price £565,000, £19,775 Min Deposit. Calculated using a representative rate of 3.82%


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.