2 bedroom apartment for sale
Reed House, , SW19 8GY
Share percentage 30%, full price £415,000, £6,225 Min Deposit.
Share percentage 30%, full price £415,000, £6,225 Min Deposit.
Monthly Cost: £1,578
Rent £616,
Service charge £253,
Mortgage £709*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Wimbledon, London
Description
Bright, modern, and spacious two-bedroom apartment is available through Shared Ownership.
This second-floor apartment with lift accesscomprises an entrance hall with storage cupboards, an open-plan kitchen and reception room, two large bedrooms, and a bathroom.
The property, constructed circa 2010, also benefits from a private balcony with great viewsaccessed via the reception room and an allocated off-street parking space.
Available for £124,500 for 30% share based on the marketing figure of £415,000.
Monthly rent - £615.72
Monthly Service Charge - £253.20
Total Monthly Charge - £868.92 plus mortgage required for 30% share.
An annual rent increase takes place every April
Layout and dimensionsGross internal floor area: 57.5 m²
Living room & kitchen: 7.06 x 2.62 m
Bedroom 1: 5.33 x 2.49 m
Bedroom 2: 4.01 x 2.51 m
Balcony: 2.46 x 1.22 m
Years remaining on lease: 108
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 - C
Key Features
- Two-bedroom apartment
- Private balcony with vista
- Modern building (2010)
- District Line tube
- Available for 30% 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 30%, full price £415,000, £6,225 Min Deposit. Calculated using a representative rate of 5.26%
