2 bedroom apartment for sale
Time House, , SW11 2BL
Share percentage 55%, full price £510,000, £14,025 Min Deposit.
Share percentage 55%, full price £510,000, £14,025 Min Deposit.
Monthly Cost: £2,380
Rent £624,
Service charge £158,
Mortgage £1,598*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Wandsworth, London
Description
Modern, bright, and spacious ground-floor two-bedroom apartment now available in Wandsworth, London, through Shared Ownership.
The property comprises a wide living room with access to a private garden, an open-plan fitted kitchen, and two good-sized bedrooms, one of them being ensuite. This could be ideal for a small family or couple.
The flat is part of a relatively newly built construction (circa 2008).
Available for £280,500 for 55% share based on the marketing figure of £510,000.
Monthly rent - £624.49
Monthly Service Charge - £157.83
Total Monthly Charge - £782.32 plus mortgage required for 55% share.
An annual rent increase takes place every April
Layout and dimensionsGross internal floor area: 68 m²
Living room & kitchen: 6.55 x 3.84 m
Bedroom 1: 5.23 x 2.79 m
Bedroom 2: 4.11 x 2.49 m
Garden: 4.42 m
Years remaining on lease: 117
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 - C
Environmental impact band - C
Key Features
- Two-bedroom apartment
- Modern building (2008)
- Ground floor
- Private garden
- Available for 55% share
- 5% minimum deposit only
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 55%, full price £510,000, £14,025 Min Deposit. Calculated using a representative rate of 5.26%
