1 bedroom apartment for sale
3 Limerick Close, Balham, SW12 0FA
Share percentage 30%, full price £475,000, £7,125 Min Deposit.
Share percentage 30%, full price £475,000, £7,125 Min Deposit.
Monthly Cost: £1,877
Rent £838,
Service charge £227,
Mortgage £812*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
You may be eligible for this property if:
· Register your interest (pink button on the right)
· Have a passed initial financial assessment with one of the below companies:
SRC Mortgage Solutions (https://www.srcmortgagesolutions.com/)
TMP The Mortgage People (tmpmortgages.co.uk)
Mortgage Advice Bureau | UK’s leading mortgage intermediary (https://www.mortgageadvicebureau.com)
· You have a gross household income of no more than £90000 per annum when eligible to purchase.
· Live or work in the borough
· You are unable to purchase a suitable home to meet your housing needs on the open market. (Shares cannot be purchased in cash unless you are unable to obtain a mortgage due to age or religious grounds)
· You do not already own a home, or you will have sold your current home before you purchase or rent.
· To purchase this 25% minimum share you will need a minimum joint household income of £61084 and available savings of £5938 for a 5% mortgage deposit.
Summary
Southern Housing present to you this ground floor, one-bedroom flat with garden
Description
This flat comprises of a large reception/open plan kitchen, generously sized bedroom, immaculate bathroom, private garden and allocated parking . The property sits in between Balham and Clapham South giving residents easy access to an array of shops, bars and restaurants which includes independent traders too. Clapham South Underground (Northern Line) is a short distance as are Balham Underground (Northern Line) and Train Stations all giving excellent transport links.
Due to the estimated high demand for this property, viewing asap is strongly advised.
Lease Term:125 years from including 19 April 2018
EPC Rating: B
Council: Swale
Council tax band: C
Floor size: 89m2
Viewings by appointment only. Please note Social Distancing measures need to be followed. Please contact resales via e-mail dionne.lester@southernhousing.org.uk or resales.optivo@southernhousing.org.uk for the vendors details.
Once you have viewed the property, if you wish to apply, application form attached to the viewing email, need to be returned to Southern Housingasap as this a first come first serve property
Please note though that if a high volume of applications is received, the deadline might be brought forward.
*Please note the successful applicant will be required to pay a £250 non-refundable reservation fee once offered the property
Key Features
- Private allocated parking space right in front of the building
- 10 minute walk from Clapham South Tube station
- 15 minute walk to Balham Station
- Private garden, with areas of paving, grass, flower beds and a shed
- Built in Fridge/Freezer & Washer/Dryer
- Shower and Bath
- Built in shutters in bedroom and living room
- Communal green space out front
Particulars
Tenure: Leasehold
Lease Length: 116 years
Council Tax Band: C
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 30%, full price £475,000, £7,125 Min Deposit. Calculated using a representative rate of 5.26%
