1 bedroom apartment for sale
Mitcham Road, SW17 9NN
Share percentage 50%, full price £330,000, £16,500 Min Deposit.
Share percentage 50%, full price £330,000, £16,500 Min Deposit.
Monthly Cost: £1,466
Rent £378,
Service charge £251,
Mortgage £837*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
You will need to be earning a guidance income of £49,249. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £16,500. Total approximate savings required £20,500
Important borough specific eligibility criteria
Wandsworth
All London applicants will be considered with priority given to people who live/work in the borough.
Applicants must be earning under £90,000 to be eligible for one, two and three bedroom apartments.
If you are an existing homeowner we will not be able to allocate you a home unless you have found a buyer for your existing home and are deemed to be in need of housing by your local council.
Summary
Second floor one-bedroom apartment in Wandsworth available through Shared Ownership 50% at £165,000, Full Value £330,000
Description
Second Floor
- Hallway
- Living Room
- Kitchen
- Bedroom
- Bathroom
GIA
- 46 sqm
Lease
- 103 years remaining
EPC
- C
Key Features
Transport
- Tooting Broadway - 0.5 miles
- Tooting - 0.2 miles
Particulars
Tenure: Leasehold
Lease Length: 103 years
Council Tax Band: Not specified
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 50%, full price £330,000, £16,500 Min Deposit. Calculated using a representative rate of 4.64%