2 bedroom apartment for sale
Park Road, , SW19 2BD
Share percentage 35%, full price £390,000, £13,650 Min Deposit.
Share percentage 35%, full price £390,000, £13,650 Min Deposit.
Monthly Cost: £1,398
Rent £569,
Service charge £136,
Mortgage £693*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Merton, London
Description
Bright and spacious two-bedroom apartment in Colliers Wood, London available through Shared Ownership. This second-floor apartment comprises an entrance hall, a kitchen and lounge, a bedroom with fitted wardrobes, and a bathroom. The property also benefits from access to communal gardens and areas including secure bike stores.
Minimum income required: £51,711
This is reduced if a larger deposit is available.
More shares can be purchased, from a minimum of 10%.
Available for £136,500 for 35% share based on the marketing figure of £390,000.
Monthly rent - £568.50
Monthly Service Charge - £135.85
Total Monthly Charge - £704.35 plus mortgage required for 35% share.
An annual rent increase takes place every April
Lease informationYears remaining on lease: 85
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 ratingEnergy Rating Band - B
Environmental Impact Band - B
All room dimensions are approximate.
Please note figures given for rent and service charge are correct at the time of marketing. There is an annual increase that takes place. Please contact us for more information.
Key Features
- Two bedrooms
- Second floor
- Small Communal garden
- Fantastic condition
- Great transport links
- Close to local amenities
- Available for 35% share
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor PlanMap
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 35%, full price £390,000, £13,650 Min Deposit. Calculated using a representative rate of 4.64%
