2 bedroom apartment for sale
Byron Court, Lanesborough Way, SW17 0FY
Share percentage 25%, full price £410,000, £5,125 Min Deposit.
Share percentage 25%, full price £410,000, £5,125 Min Deposit.
Monthly Cost: £1,462
Rent £687,
Service charge £191,
Mortgage £584*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Tooting, London
Description
A well-presented two-bedroom apartment is now available in Tooting, South London, through Shared Ownership.
The property comprises a wide living room, a separate kitchen and two bedrooms. This could be ideal for a small family or a couple.
The flat is on the ground floor of a relatively modern construction (circa 2011); it has allocated parking space and a communal bike stores.
Available for £102,500 for 25% share based on the marketing figure of £410,000.
Monthly rent - £687.29
Monthly Service Charge - £191.31
Total Monthly Charge - £878.60 plus mortgage required for 25% share.
An annual rent increase takes place every April
LocationThe property is located just outside Tooting's town centre, in a residential area, and just about a mile away from the railway station and Tooting Market. Central London can be reached in less than 40 minutes by train.
All local amenities are nearby, including large supermarkets, restaurants, pubs and shops.
There are many schools for all levels nearby, several of which are within walking distance, and others just around Tooting's area.
EPC ratingEnergy rating band - C
Environmental impact band - C
Gross internal floor area: 64 m²
Living room: 4.17 x 3.58 m
Kitchen: 3.58 x 2.06 m
Bedroom 1: 3.86 x 3.76 m
Bedroom 2: 3.76 x 3.43 m
Years remaining on lease: 86
In certain cases, 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
- Two-bedroom apartment
- Ground floor
- Great transport links
- Allocated parking
- Available for 25% 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 25%, full price £410,000, £5,125 Min Deposit. Calculated using a representative rate of 5.26%
