1 bedroom apartment for sale
New Mansion Square, Battersea, SW8 5AB
Share percentage 25%, full price £565,000, £14,125 Min Deposit.
Share percentage 25%, full price £565,000, £14,125 Min Deposit.
Monthly Cost: £1,886
Rent £971,
Service charge £187,
Mortgage £728*
Calculated using a representative rate of 4.80%
Calculate estimated monthly costs
You may be eligible for this property if: You are at least 18 years old, Your annual household income is less than £90,000, You are unable to purchase a suitable home to meet your housing needs on the open market, You do not already own a property or you are in the process of selling your property
Summary
A spectacular new collection of homes available through Shared Ownership in Battersea, SW8
Description
These ready-to-move-into homes boast spacious open-plan layouts, private outdoor space and access to a range of fantastic on-site amenities including a concierge service and residents' garden. All just a stone's throw from the iconic Battersea Power Station - now one of London's best shopping and leisure destinations.
1-bedroom apartments available from £142,500 for a 25% share (full market value £570,000)
Example Shared Ownership Cost Breakdown - 25% share
* Full market value = £570,000
* 25% share price = £142,500
* Estimated monthly rent = £980 (charged at 2.75% of the unsold equity)
* Estimated monthly service charge: £187
Example Shared Ownership cost breakdown - 40% share
* Full market value = £570,000
* Example 40% share price = £228,000
* Estimated monthly rent = £784 (charged at 2.75% of the unsold equity)
* Estimated monthly service charge = £187
Example Shared Ownership cost breakdown - 60% share
* Full market value = £570,000
* Example 60% share price = £342,000
* Estimated monthly rent = £523 (charged at 2.75% of the unsold equity)
* Estimated monthly service charge = £187
Don't miss out, homes at New Mansion Square are now over 70% sold!
What is Shared Ownership?
Shared Ownership is a part buy/part rent scheme that helps you get on the property ladder in an affordable way. You can usually buy an initial share of 25% to 75% of the value of a property. You will then pay a subsidised rent on the share you don’t buy, and there will also be a monthly service charge to be paid on your home.
Register your interest to find out more or search 'Peabody Shared Ownership'.
Financial information
Tenure: Leasehold
Length of lease: 990 Years
Annual ground rent amount: £0
Ground rent review period: N/A
Annual service charge amount from £2,245.74
Service charge review period: Annual
Council tax band: TBC
*The financial information provided is indicative of the costs for this property type at this development and is intended to be used as a guide only. Please seek advice from an Independent Financial Advisor for accurate financial information related to your specific circumstances.
New Mansion Square is built in collaboration with Battersea Power Station.
Exterior imagery is of planning CGIs and for guidance purposes only.
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: Not specified
Property Downloads
Floor Plan BrochureVirtual Tour
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 25%, full price £565,000, £14,125 Min Deposit. Calculated using a representative rate of 4.80%
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