1 bedroom apartment for sale
Sycamore Lodge, 72 Heathfield Square, SW18 3HZ
Share percentage 25%, full price £415,000, £10,375 Min Deposit.
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
· 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
BrochureMap
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 25%, full price £415,000, £10,375 Min Deposit. Calculated using a representative rate of 4.64%