1 bedroom apartment for sale

Available

Sycamore Lodge, 72 Heathfield Square, SW18 3HZ

£103,750 · Shared Ownership Resale

Share percentage 25%, full price £415,000, £10,375 Min Deposit.

Available
1 bedroom
1 Bathroom
Parking
£103,750 Shared Ownership Resale · Eligibility Eligibility

Share percentage 25%, full price £415,000, £10,375 Min Deposit.

Monthly Cost: £1,567
Rent £887, Service charge £154, Mortgage £526*

Calculated using a representative rate of 4.64%

Calculate estimated monthly costs

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Eligibility

· You have a gross household income of no more than £90,000 per annum when eligible to purchase.

· You are unable to purchase a suitable home to meet your housing needs on the open market.

· You do not already own a home or you will have sold your current home before you purchase or rent.

· You live or work in the property’s area

· To purchase this 25% minimum share you will need an average minimum joint household income of £56,401 and available savings of £10,375 for a 10% mortgage deposit.

Summary

Optivo are delighted to offer for sale this well-presented 2nd Floor one bedroom apartment in Wandsworth.

Description

The current market value is £415,000 for 100%. The minimum 25% share available is priced at £103,750, current rent payable £886.81 pcm, rent is subject to annual reviews. Service charges are currently £153.85 pcm.

Viewings by appointment only. Please contact resales via e-mail optivo.resales@southernhousing.org.uk for the vendors details.

If you would like to apply after you have conducted a viewing, a PDF writable application form can be saved from the Brochure Section on this advert. Please email a fully completed copy to resales@optivo.org.uk

Application forms need to be returned to Southern housing ASAP

Please note though that if a high volume of applications is received, the deadline might be brought forward.

*Please note the successful applicant will be required to pay a £250 non-refundable reservation fee once offered the property.

Local information

The subject property is situated within South West London. The property is situated within a two storey block. The property is within close proximity to all local amenities.

Earlsfield Train station is 0.7 miles is a 13 min Approx. walk away with South Western trains to Wimbledon and to Central London.

Wandsworth Common Train Station is 1.1 miles is a 21 min Approx. walk away with Southern trains to Central London.

Local buses are within walking distance.

The nearest green space is Godley Park and Gardens is a 10 min Approx. walk away and Wandsworth Common is a 14 min Approx. walk way.

Key Features

Lease term 125 years from 2019

EPC rating B84

Features

A one bedroom / one bathroom second floor purpose built modern

apartment built circa 2019.

Description:

A one bedroom purpose built apartment. The property is presented in good condition and benefits from a balcony and allocated parking.

Accommodation:

Entrance hallway – 3.6m x 1.2m

Kitchen & Lounge – 7.0m x 4.2m

Bedroom 1 – 3.5m x 3.0m

Bathroom W/C – 2.0m x 1.9m

Gross Internal Floor Area:

50 m2

Particulars

Tenure: Not specified
Council Tax Band: Not specified

Property Downloads
Brochure
Map
Wandsworth Common (0.60 miles) Earlsfield (0.61 miles) Wandsworth Town (0.99 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 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.

£103,750
Shared Ownership Resale
Estimated Monthly Cost:£1,567
Rent £887
Service Charge £154
Mortgage £526

Share percentage 25%, full price £415,000, £10,375 Min Deposit. Calculated using a representative rate of 4.64%


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.