1 bedroom apartment for sale
378 Clapham Road, London, SW9 9AF
Share percentage 50%, full price £375,000, £18,750 Min Deposit.
Share percentage 50%, full price £375,000, £18,750 Min Deposit.
Monthly Cost: £1,689
Rent £593,
Service charge £145,
Mortgage £951*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
You will need to be earning a guidance income of £63,336. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £18,750. Total approximate savings required £22,750
Important borough specific eligibility criteria
Lambeth
All London applicants will be considered, with priority given to Lambeth applicants.
Applicants must be earning under £90,000 to be eligible for one, two and three bedroom apartments.
If you are an existing homeowner we will not be able to allocate you a home unless you have found a buyer for your existing home and are deemed to be in need of housing by your local council.
Summary
One Bedroom Apartment just 3 mins walk to Clapham North tube station & Clapham High St
Description
The accommodation comprises:
Internally:
Ground Floor: Entryphone system to Communal lobby.
Security door to Passenger Lift and Stairwell.
Second Floor: Bedroom. Reception/Kitchen.
Hallway. Bathroom with WC.
Externally: Balcony accessed from Reception room.
GIA:48 sq. m
Lease Length:107 years
Key Features
The property is situated within an established residential area considered convenient for all local amenities.
Transport:
Clapham North Underground - 0.2miles
Stockwell Underground - 0.4miles
Brixton Underground - 1.1mile
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Map
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 50%, full price £375,000, £18,750 Min Deposit. Calculated using a representative rate of 4.64%
