1 bedroom apartment for sale
Arragon Road, SW18 4XG
Share percentage 50%, full price £350,000, £17,500 Min Deposit.
Share percentage 50%, full price £350,000, £17,500 Min Deposit.
Monthly Cost: £1,254
Rent £195,
Service charge £171,
Mortgage £888*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
Summary
Allocated Parking Space - Energy Efficient - Pets Permitted Our Spring Offer: A £1,000 Amazon voucher on completion!*
Description
Shared Ownership
Full Market Value: £350,000
Share Value (50%): £175,000
Monthly Rent: £194.85
Service Charge: £171.42
Council Tax Band: B
99 year lease commenced September 2022 - 97 years remaining
New guidance, from the Royal Institute of Chartered Surveyors (RICS), means that lenders should no longer require an EWS1 form for this property. However, we cannot guarantee that all Mortgage lenders, brokers and valuers are utilising the same criteria.
For a limited time, enjoy a £1,000 Amazon voucher to help with your move on this 1 bedroom apartment*
L&Q welcomes you to view this one bedroom, first floor apartment.
The apartment is very well presented and newly renovated throughout including the kitchen, with matt grey wall and base units, and a white marble effect worktop. The kitchen also benefits from integrated appliances including a fridge freezer, oven, hob, extractor fan and microwave. Spacious bright and airy double bedroom benefitting from built-in storage cupboards. The bathroom comes complete with a white three-piece suite with a shower over bath and a stone tile surround. Additional double storage cupboard in hallway. One allocated parking space.
This property benefits from a sinking fund. A sinking fund is a long-term savings plan that leaseholders contribute to every month through service charges. This is used to pay for major works that are required, such as replacing a roof.
This apartment is set just a mile shy of Wandsworth town, moments from Southside shopping centre providing everyday essentials with a Waitrose supermarket, and it has a good range of useful high street stores, restaurants and a cinema.The area is heaven for foodies, with great cafés and restaurants spanning cuisine from Indian street food to hip barbecue joints and laid-back brunch spots.
The buyer will require a deposit to obtain a mortgage for this property.
To meet the requirements for this property we require as a guideline, a minimum household income of £47,422. If you are offered the property, your ability to afford this property will be assessed at your financial interview. Please note that applicants should purchase the maximum share that they can afford and sustain.
Only applicants who are registered with London and Quadrant will be eligible to be offered a property in one of our schemes. If you are not registered please visit our website www.lqhomes.comand register to obtain your unique reference number.
*APPLICANTS MUST BE LIVING OR WORKING IN WANDSWORTHAND REGISTERED WITH THE LOCAL AUTHORITY HOMEBUY TEAM*
Your home is at risk if you fail to keep up repayments on a mortgage, rent or other loan secured on it. Please make sure you can afford the repayments before you take out a mortgage.
These particulars are of opinion only, are intended to give a fair description and do not form the basis of a contract. The descriptions and all other information are believed to be correct as of April 2024.
*The £1,000 Amazon voucher is currently being offered on this 1-bedroom resale apartment and is applicable to any shared ownership purchase that completes on the sale within 6 months of receipt of the £500 reservation fee. The voucher will be supplied within 75 days of completion of the purchase and will be an E-Voucher, issued by email to the sole or primary purchaser. Further terms and conditions may be in place from the voucher provider, and it is the purchaser's responsibility to satisfy themselves of any terms applicable. The voucher cannot be offset against any fees or monies due from the purchase. L&Q will not be responsible for direct payments to any lenders, or third parties. Should the seller find a buyer through an Estate Agent for the full market value of the property, this offer will no longer apply. L&Q reserve the right to remove an incentive at any time. This incentive is for this property only and cannot be transferred to any other 1-bedroom resales shared ownership apartment.
Key Features
- Allocated parking space
- Good EPC rating - C
- Approx 0.9 miles from Southfields Station, and Approx. 0.5 miles from Earlsfield Station
- Moments away from King George's Park, which benefits from a playground, tennis courts and a skate park
- Pets allowed
- Lease term recently extended
- Well presented throughout
- Additional storage cupboard in hallway
Particulars
Tenure: Leasehold
Lease Length: 97 years
Council Tax Band: B
Property Downloads
Key Information Document Floor Plan Energy CertificateVirtual 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 50%, full price £350,000, £17,500 Min Deposit. Calculated using a representative rate of 4.64%
