1 bedroom apartment for sale

Available

Chancery Building, 3 New Mill Road, SW11 7AS

£151,250 · Shared Ownership Resale

Share percentage 25%, full price £605,000, £15,125 Min Deposit.

Available
1 bedroom
Floor plan
floor-plan
Floor plan
floor-plan
£151,250 Shared Ownership Resale · Eligibility Eligibility

Share percentage 25%, full price £605,000, £15,125 Min Deposit.

Monthly Cost: £1,700
Rent £709, Service charge £224, Mortgage £767*

Calculated using a representative rate of 4.64%

Calculate estimated monthly costs

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Eligibility
You may be eligible for this property if: -You must be at least 18 years old -Your annual household income must be less than �90,000 -You are unable to purchase a suitable home to meet your housing needs on the open market -You should generally be a first time buyer. If you already own a property, you must be in the process of selling or have already sold it before you can apply Please note that applicants will be expected to purchase the maximum share that is sustainable for them.
Summary

Wandsworth: Zone 1, One double bedroom (52m2), Apartment with Private Balcony, now available

Description

Viewings available | Once you have registered your interest, you will receive an email to book your viewing.

Chancery Building in Zone 1 Wandsworth* is a beautiful must-see one double-bedroom apartment located on the twelfth floor in a 12-storey block built in 2015. The approximate size of the flat is 50.8 sq. m. and the lease remaining on the property is 120 years.

There are good transport links with the new Nine Elms underground station 0.25 miles away (opening soon). Vauxhall and Battersea Park Stations, served by London Overground & Southern Rail linking to Victoria Train Station in 4 minutes are also nearby.

Local amenities, including a large Waitrose, bars and leisure facilities are located 0.1 miles away along Nine Elms Lane. Battersea Park and St. George's Wharf is within easy reach.

  • Nearest Station: Nine Elms, Vauxhall and Battersea Park
  • Bus routes nearby: 344, 156 and 436

The property located on the twelfth floor comprises:

  • Entrance: Hallway with storage cupboards, video entry phone system. 
  • Living Room: Spacious lounge with lots of natural light and open plan kitchen. Large balcony doors. Laminate wooden flooring. Views over London City.
  • Kitchen: High gloss white base and wall units  and stainless steel backsplash. Integrated appliances; dishwasher, fridge, freezer, and oven/hob. Laminate wooden flooring.
  • Bedroom One: Double bedroom with built-in wardrobe. Woolmix light coloured carpeted flooring.
  • Bathroom: White suite comprising panelled large bath with shower head,  WC and hand washbasin with large heated mirror over. Partial wall tiling on walls and light vinyl flooring.
  • Outside: Stunning private balcony, secure cycle storage and communal garden

* Priority will be given to applicants who live or work in the Borough of Wandsworth.

What happens after I register my interest?

After registering your interest for a Peabody home, you will receive an email confirmation from us. The email will confirm what you need to do next to secure a property viewing which includes completing a financial assessment with a mortgage advisor and completing the Shared Ownership Application Form.

If you don’t receive this email within an hour of your registration, please check your spam or junk folders and set your spam filter to allow incoming emails from Peabody. If you still haven’t received the email after checking here, please contact href="mailto:enquiries@peabodynewhomes.co.uk" style="color:#0563c1; text-decoration:underline">enquiries@peabodynewhomes.co.uk and our team will be able to help you.

What is Shared Ownership?

Available to purchase through Shared Ownership, purchasers are able to buy as much of the property as they can afford, from 25 - 75%, paying a low cost rent on the remaining unpurchased 'share' of the home. What's more, your mortgage deposit is based on the value of the share you buy, not the full market value, making these high-spec homes even more affordable in such a sought after location.

Financial information

  • Tenure: Leasehold
  • Remaining lease term: 120 Years
  • Annual ground rent amount: £350 per annum
  • Ground rent review period: Every ten years
  • Annual service charge amount: £2,685.12
  • Service charge review period: 1st April annually
  • Council tax band: Band E
Particulars

Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: E

Property Downloads
Floor Plan
Map
Battersea Power Station (0.34 miles) Pimlico (0.56 miles) Vauxhall (0.56 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.

£151,250
Shared Ownership Resale
Estimated Monthly Cost:£1,700
Rent £709
Service Charge £224
Mortgage £767

Share percentage 25%, full price £605,000, £15,125 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.