1 bedroom apartment for sale
Railway Walk, Sutton, SM1 4FR
Share percentage 50%, full price £300,000, £7,500 Min Deposit.
Share percentage 50%, full price £300,000, £7,500 Min Deposit.
Monthly Cost: £1,461
Rent £443,
Service charge £163,
Mortgage £855*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
Summary
A 1 bed shared ownership property available in Sutton, London
Description
Modern, bright & eco-sustainable one-bedroom apartment now available in Sutton, South London, through Shared Ownership.
The property comprises of a bright and wide living room with an open-plan fitted kitchen, a private balcony with view and a good-size bedroom. This could be ideal for a couple or single person.
The flat is on the eigth floor of a newly built construction (circa 2018) and with a great energy efficiency and low environmental impact.
Available for £150,000 for 50% share based on the marketing figure of £300,000.
Monthly rent - £443.05
Monthly Service Charge - £163.13
Total Monthly Charge - £606.18 plus mortgage required for 50% share.
An annual rent increase takes place every April
LocationThe property is in a mixed private and social residential area, close to various commercial premises and with the Sutton railway station just around the corner.
It's possible to reach Central London in just a little over half an hour from the flat with a direct train, with routes to either Kings Cross or Victoria Station.
There are also several major supermarkets and superstores nearby, as well as a cinema and shops on the main street. A hospital is also nearby.
EPC ratingEnergy rating band - B
Environmental impact band - A
Gross internal floor area: 51 m²
Living room & kitchen: 7.65 x 3.61 m
Bedroom: 3.38 x 3.15 m
Years remaining on lease: 123
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
- One-bedroom apartment
- Private balcony with view
- Sustainable building
- Modern construction (2018)
- Available for 50% 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 50%, full price £300,000, £7,500 Min Deposit. Calculated using a representative rate of 5.26%
