1 bedroom apartment for sale

Available

Woods House, 7 Gatliff Road, London, SW1W 8DE

£127,500 · Shared Ownership Resale

Share percentage 25%, full price £510,000, £12,750 Min Deposit.

Available
1 bedroom
1 Bathroom
Floor plan
floor-plan
Floor plan
floor-plan
£127,500 Shared Ownership Resale

Share percentage 25%, full price £510,000, £12,750 Min Deposit.

Monthly Cost: £1,839
Rent £859, Service charge £333, Mortgage £647*

Calculated using a representative rate of 4.64%

Calculate estimated monthly costs

£
Summary

A Fantastic Opportunity to Purchase a One Bedroom Apartment on a Shared Ownership (Part Buy/Part Rent) Basis

Description

Woods House is part of the Grosvenor Waterside development located near to the Thames. Just to the south, over Chelsea Bridge, are the green spaces, sports facilities and boating lake of Battersea Park while to the north lie Sloane Square and Victoria. The apartment available is on the fourth floor and has a very pleasant aspect over the raised communal courtyard. The kitchen is open-plan and there is a fitted wardrobe in the bedroom and a simple, modern bathroom. The building has been constructed to high energy-efficiency standards with heating and hot water supplied from a communal system. Both the block and wider development are very well maintained and make for an extremely desirable property.

SHARED OWNERSHIP (Advertised price represents 25% share. Full market value £510,000. Applicants MUST currently live and/or work in the City of Westminster borough).

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [https://tinyurl.com/49zwpmye]

(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)

Housing Association: A2Dominion.
Tenure: Leasehold (125 years from 2009).
Minimum Share: 25% (£127,500). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £859.47 per month (subject to annual review).
Service Charge: £333.26 per month, including heating and water (subject to annual review).
Guideline Minimum Income: Dual - £66,000 | Single - £74,400 (based on minimum share and 10% deposit).
Council Tax: Band D, City of Westminster Council. Applicants must be living or working in Westminster and should be registered with them. [https://www.homesforwestminster.co.uk/register]

This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone. Pets not permitted (except assistance animals). There is no parking space offered with this property.

Key Features
  • Guideline Minimum Deposit £12,750
  • Guide Minimum Income £66k Dual £74.4k Single
  • Approx. 485 Sqft Gross Internal Area
  • Fourth Floor with Juliette Balcony
  • Close to Chelsea Bridge
  • Part of Grosvenor Waterside Development
  • Short Walk to Sloane Square (Circle/District line)
  • Victoria Station within Easy Reach
Particulars

Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: D

Property Downloads
Floor Plan Brochure
Map
Battersea Power Station (0.51 miles) Sloane Square (0.58 miles) Pimlico (0.61 miles)
Monthly Cost Calculator

The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.

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  • 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.

£127,500
Shared Ownership Resale
Estimated Monthly Cost:£1,839
Rent £859
Service Charge £333
Mortgage £647

Share percentage 25%, full price £510,000, £12,750 Min Deposit. Calculated using a representative rate of 4.64%


Disclaimer
The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.