1 bedroom apartment for sale
Cavendish Road, London, SW19 2FL
Share percentage 25%, full price £390,000, £4,875 Min Deposit.
Share percentage 25%, full price £390,000, £4,875 Min Deposit.
Monthly Cost: £1,874
Rent £931,
Service charge £387,
Mortgage £556*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
Summary
A 1 bed shared ownership property available in London, Greater London
Description
Modern, bright & spacious two-bedroom apartment now available in London through Shared Ownership.
The property comprises a wide living room and open-plan fitted kitchen, one master bedroom and a spare room. The flat boasts a private balcony with good views. This could be ideal for a small family, first time buyer or working professionals.
The flat is on the first floor of a newly built construction (circa 2017); with access to communal grounds and a bike store.
Available for £97,500 for 25% share based on the marketing figure of £390,000.
Monthly rent - £930.99
Monthly Service Charge - £386.84
Total Monthly Charge - £1,317.83 plus mortgage required for 25% share.
An annual rent increase takes place every April
LocationLocated within a residential and commercial block with shops, railway station and other facilities at Colliers Wood.
EPC ratingEnergy rating band - B
Environmental impact band - B
Layout and dimensionsGross internal floor area: 49.6 m²
Living room & kitchen: 6.40 x 5.69 m
Bedroom 1: 4.47 x 3.05 m
Bedroom 2: 2.44 x 1.73 m
Lease informationYears remaining on lease: 119
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
- First floor flat
- Two bedrooms
- Private balcony
- Great travel link
- 5% deposit available
- Available for 25% share minimum
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 25%, full price £390,000, £4,875 Min Deposit. Calculated using a representative rate of 5.26%
