2 bedroom apartment for sale
Sutton Park Road, Sutton Park Road, SM1 2GB
Share percentage 30%, full price £350,000, £10,500 Min Deposit.
Share percentage 30%, full price £350,000, £10,500 Min Deposit.
Monthly Cost: £1,382
Rent £538,
Service charge £311,
Mortgage £533*
Calculated using a representative rate of 4.64%
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 30% minimum share you will need a minimum joint household income of £49,013 and available savings of £5,250 for a 5% mortgage deposit.
Summary
Southern Housing are excited to offer 2 bed 8th floor property at Sutton Park Road
Description
Fantastic 2 bed property located on the 8th floor.
The property consists of a open plan kitchen and generously sized bedrooms.
There is a balcony.
This property benefits from Parking
Deadline date -08-11-2023
Key Features
2 minutes from Sutton station.
Close to High street
Near buses to Kingston, Morden & Wimbledon.
Near many good local primary & secondary schools.
Particulars
Tenure: Leasehold
Lease Length: 83 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 £350,000, £10,500 Min Deposit. Calculated using a representative rate of 4.64%
