2 bedroom apartment for sale

Under Offer

Brown Close, , SM6 9ER

£192,000 · Shared Ownership Resale

Share percentage 60%, full price £320,000, £19,200 Min Deposit.

Under Offer
2 bedrooms
Floor plan
floor-plan
Floor plan
floor-plan
£192,000 Shared Ownership Resale

Share percentage 60%, full price £320,000, £19,200 Min Deposit.

Monthly Cost: £1,342
Rent £210, Service charge £158, Mortgage £974*

Calculated using a representative rate of 4.64%

Calculate estimated monthly costs

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Summary

A 2 bed shared ownership property available in Wallington, London

Description

Spacious two-bedroom apartment in Wallington. The property comprises the double master bedroom, a secondary double bedroom, a lounge, a separate fitted kitchen, and a bathroom with a shower over the bath. The property also includes gas heating, allocated parking, and communal gardens.

Minimum income required: £65,255

This is reduced if a larger deposit is available.

More shares can be purchased, from a minimum of 5%.

Available for £192,000 for 60% share based on the marketing figure of £320,000.

Monthly rent - £209.68
Monthly Service Charge - £157.61
Total Monthly Charge - £367.29 plus mortgage required for 60% share.

An annual rent increase takes place every April

Layout and dimensions

Ground Floor:
Communal entrance lobby with staircase

First Floor:
Private entrance hall with fitted storage cupboards

Bedroom one:
4.21 x 2.65.

Bedroom two:
fitted cupboard
4.22m x 3.01m

Bathroom with WC.

Reception room:
4.79 x 3.52.

Kitchen:
4.80 x 3.40.

Outside:
Private detached rear garden. Large timber framed summerhouse within the garden (fitted with power and water). Communal bin store. Allocated parking space.

Lease information

Years remaining on lease: 108

The remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.

EPC rating

Energy Rating Band - D
Environmental Impact Band - D

Other information

All room dimensions are approximate.

Please note figures given for the rent and service charge are correct at the time of marketing. There is an annual increase that takes place in April. Please contact us for more information.

Key Features
  • Two bedrooms
  • First Floor
  • Private detached rear garden
  • Allocated parking space
  • Close to local amenities
  • Available for 60% share
Particulars

Tenure: Not specified
Council Tax Band: Not specified

Property Downloads
Floor Plan
Map
Wallington (0.91 miles) Waddon (1.16 miles) Purley (1.39 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.

£192,000
Shared Ownership Resale
Estimated Monthly Cost:£1,342
Rent £210
Service Charge £158
Mortgage £974

Share percentage 60%, full price £320,000, £19,200 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.