1 bedroom apartment for sale
Hengist Way, Wallington, SM6 9BP
Share percentage 60%, full price £225,000, £6,750 Min Deposit.
Share percentage 60%, full price £225,000, £6,750 Min Deposit.
Monthly Cost: £1,092
Rent £181,
Service charge £142,
Mortgage £769*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
Summary
A 1 bed shared ownership property available in Wallington, London
Description
Modern one bedroom, second floor apartment in Wallington available for shared ownership. The property comprises of one master bedroom, an entrance hall, an open plan kitchen and lounge, and a bathroom with a shower over a bath. The property also includes communal grounds and off-street allocated parking.
Available for £135,000 for 60% share based on the marketing figure of £225,000.
Monthly rent - £181.38
Monthly Service Charge - £141.90
Total Monthly Charge - £323.28 plus mortgage required for 60% share.
An annual rent increase takes place every April
LocationClose to local amenities including local Co-op, Sainsbury's, and KFC restaurant. Also close to schools and other facilities.
The property is also conveniently located for travel commutes. London can be reached in less than an hour.
EPC ratingEnergy Rating Band - C
Environmental Impact Band - C
Ground Floor:
Communal entrance lobby with staircase
Second Floor:
Private entrance hall with fitted storage/airing cupboard.
Open plan kitchen/reception room:
2.13 x 2.83m plus 4.22 x 3.61m
Bedroom with fitted cupboard:
3.12m x 3.57m
Bathroom with WC
Outside:
Communal grounds and areas, including bin and bike stores. Allocated parking space.
Years remaining on lease: 110
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.
Key Features
- One-bedroom flat
- Second floor
- London <1hr
- Allocated parking space
- Available for 60% 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 60%, full price £225,000, £6,750 Min Deposit. Calculated using a representative rate of 5.26%
