2 bedroom apartment for sale

Available

Thimble Crescent, SM6 7FG

£97,500 · Shared Ownership New Build

Share percentage 25%, full price £390,000, £4,875 Min Deposit.

Available
2 bedrooms
1 Bathroom
Private Balcony/Terrace
Floor plan
floor-plan
Floor plan
floor-plan
£97,500 Shared Ownership New Build · Eligibility Eligibility

Share percentage 25%, full price £390,000, £4,875 Min Deposit.

Monthly Cost: £1,313
Rent £670, Service charge £142, Mortgage £501*

Calculated using a representative rate of 4.24%

Calculate estimated monthly costs

£
Eligibility

You may be eligible for this property if:

  • You have a gross household income of no more than £90,000 per annum.
  • 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.
Summary

Available to view now! A two-bedroom apartment available to purchase from a 25% share at £97,500.00 with a deposit of £4,875.00.

Description

Available to view now!

A two-bedroom apartment available to purchase from a 25% share at £97,500.00 with a deposit of £4,875.00. Full market value £390,000. Call today to arrange your appointment to discuss this stunning home!

This two-bedroom apartment situated on the popular development of New Mill Quarter comprises of an open plan kitchen/lounge/ dining area. The apartment has a three-piece bathroom with shower over bath and spacious cupboards in the hallway.

INCENTIVES

" £1000 toward utility,
" £1000 toward legal fee
" Moving cost £500 or vouchers £500

The purchase is subject to exchange of contracts up to 28 days after reservation. Please speak to a member of our Sales Team for more details.

Full Market Value: £390,000

50% Share £195,000 - Rent £466.88 pcm
60% Share £234,000 - Rent £357.50 pcm
75% Share £292,500 - Rent £223.44 pcm

Minimum 5% Mortgage Deposit (50% share): £9750

New Mill Quarter is an exciting new development, offering a collection of 1, 2 and 3 bedroom apartments, as well as luxury 4 bedroom homes, all set within landscaped gardens and finished to an impeccable standard. Ideal for commuters, the development is adjacent to Hackbridge railway station, connecting you to London in approximately 30 minutes, as well as a bus stop just outside the development giving great transport connections.
With a high-quality specification by Barratt Homes London, these homes are designed to appeal to families and professionals travelling into central London and the City.
New Mill Quarter neighbour’s vibrant areas such as Croydon, Kingston and Wimbledon where you will find everything you need nearby including good schools within close proximity, and on-site amenities including the award winning Lidl supermarket.
Hackbridge is a leafy suburb in the London Borough of Sutton, offering all the benefits of proximity to Central London yet close by to expansive parks. This combined with the distinctive town centres Hackbridge offers residents a peaceful but vibrant lifestyle. Nestled between the banks of the River Wandle and Beddington Park, Hackbridge provides residents with the best of both worlds, connectivity to central London and other key local employment hubs such as Sutton, Croydon and Wimbledon. Residents of Hackbridge not only has one of the largest green spaces in the borough, Beddington Park, right on their doorstep, but they benefit from excellent transport links. Hackbridge railway station provides regular train services into London Victoria, Clapham Junction, London Blackfriars, Farringdon, Wimbledon, Sutton and further afield destinations such as St Albans and Luton. There are also several London bus routes serving Hackbridge and other destinations such as Tooting, Morden and Carshalton.

The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller up front 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.

At New Mill Quarter 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. These apartments will appeal to professionals working locally and those commuting to London."
Please get in touch with our branch today who are selling these homes on behalf of Sage Homes.

Incentives - *Legal Fee - Terms and conditions apply.

** Voucher - Terms and conditions apply. Voucher will be provided to the customer on completion.

*Legal fees - Terms and conditions apply. The legal cost contribution will only be made if a recommended solicitor's is used.

Key Features

INCENTIVES

" £1000 toward utility,
" £1000 toward legal fee
" Moving cost £500 or vouchers £500

Particulars

Tenure: Leasehold
Council Tax Band: New build - Council tax band to be determined

Property Downloads
Floor Plan
Map
Hackbridge (0.10 miles) Carshalton (0.76 miles) Mitcham Junction (1.11 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.

£97,500
Shared Ownership New Build
Estimated Monthly Cost:£1,313
Rent £670
Service Charge £142
Mortgage £501

Share percentage 25%, full price £390,000, £4,875 Min Deposit. Calculated using a representative rate of 4.24%


Development
New Mill Quarter
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.