1 bedroom apartment for sale
6 Riverlight Quay, SW11 8EA
Share percentage 25%, full price £650,000, £8,125 Min Deposit.
Share percentage 25%, full price £650,000, £8,125 Min Deposit.
Monthly Cost: £1,494
Rent £564,
Service charge £4,
Mortgage £926*
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 £61606 and available savings of £6250 for a 5% mortgage deposit.
Summary
Southern Housing are excited to offer 1 bed 8th floor property at Riverlight
Description
A highly sought after and spacious 8th floor apartment, in the heart of Wandsworth. It benefits from extremely well-proportioned living and bedroom areas, fitted kitchen and fully tiled bathroom along with a large balcony, from which you can enjoy views of Battersea Power Station and the River Thames
The property is designed to a high specification with a modern feel throughout. The large open plan living area is light and airy providing a great space for relaxing and/or entertaining. The large windows and angled balcony provide exceptional views of Battersea Power Station. This property benefits from a large master bedroom and bathroom that is fully tiled. This development contains a resident only Communal Garden, 24-hour concierge service as well as post room.
Due to the estimated high demand for this property, viewing ASAP is strongly advised.
Lease Term: 114 Years
EPC Rating: C
Council: Wandsworth
Floor size: 51 square meters
Viewings by appointment only. Please note social distancing measures need to be followed. Please contact sales via email dionne.lester@southernhousing.or.uk or resales@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 housing ASAP
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.
For more information please visit https://www.optivo.org.uk/sales
Key Features
Close to transport links, schools and shops.
Local Information:
Battersea Power Station tube (Northern Line) is located 0.2 miles from Riverlight Quay providing fast access to Central London (Leicester Sq – ~10 minutes, London Bridge - ~12 minutes).
Vauxhall Station is located 0.7 miles (~12 minute walk) from Riverlight Quay with South Western overground services and the Victoria Line with access to Brixton, Kings Cross etc.
Excellent bus connections right outside the Riverlight Quay development with frequent buses to Vauxhall, Liverpool St, Wimbledon, Clapham Junction etc.
There are restaurants and amenities in the new Battersea Power Station development, alongside coffee shops and supermarkets in Riverlight Quay development and the Embassy Gardens’ development 3 minutes’ walk.
There is also an onsite nursery at Riverlight Quay development and excellent schools available in the area including:
• St Gabriel's CofE Primary School
o State School
o Ofsted: Good
o 0.3 miles
• St George's CofE Primary School
o State School
o Ofsted: Good
o 0.4 miles
• Churchill Gardens Primary Academy
o State School
o Ofsted: Good
o 0.4 miles
• Pimlico Primary
o State School
o Ofsted: Outstanding
o 0.4 miles
Particulars
Tenure: Leasehold
Lease Length: 114 years
Council Tax Band: E
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 25%, full price £650,000, £8,125 Min Deposit. Calculated using a representative rate of 5.26%
