Share Price £208,000 (from 40% Min. Share)

Full Value £520,000 | £20,800 Min. Deposit

Scheme: Shared Ownership Resales

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1 bedroom apartment in Wandsworth

place Elmwood Court, 38 Battersea Park Road, SW11 4JE

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To book a viewing, call Mr Jonathan Coates on 07725 406740


Eligibility

You may be eligible for this property if:

  • You must be at least 18 years old.
  • Your annual household income must be less than £90,000.
  • You are unable to purchase a suitable home to meet your housing needs on the open market.
  • You should generally be a first time buyer. If you already own a property, you must be in the process of selling or have already sold it before you can apply.

Description

The Elmwood Court property is a one-bedroom spacious apartment just moments from Battersea Park, located on the top floor of a four storey modern purpose built apartment block of similar flats constructed in 2015. The apartment includes a sizeable wrap around balcony with all day / evening sun, a private parking space in a gated secure car park, and access to a communal roof terrace.

There are good transport links with Battersea Park Station less than 0.1 miles away and Queenstown Road Station 0.3 miles. The new Battersea Power Station Tube Station (Northern Line) due for completion in 2020 will be just 0.5 miles away.

A great selection of amenities are located within 5 minutes walk. A range of shops, fine bars and restaurants are located on Battersea Park Road within close proximity of the property. In addition, extensive regeneration of Battersea Power station includes a range of bars, restaurants and leisure activities and is located in Circus West Village 0.5 miles from the property. For leisure, access to Battersea Park is 200 meters away.

  • Nearest Station: Battersea Park Station, Queenstown Road Station
  • Bus routes nearby: 44, 344, N44, 137, 452, N137, 436

Minimum household income and deposit requirements for a mortgage:

Estimated minimum deposit required: £20,800

Minimum household income: £57,000

Estimated monthly cost: £1514.02

  • Monthly Mortgage: £783
  • Monthly Rent: £552.68
  • Monthly Service Charge: £178.34

This assumption is made based on a household income with no loans or credit card balances. If you have a lower household income than shown, then higher deposit savings will be required.


Key Features

The property located on the fourth floor comprises:

  • Entrance: Hallway with two large cupboard and entry phone system leading to…
  • Living Room: Generous living area with lots of natural light and door to balcony. Wood flooring.
  • Kitchen: Open plan kitchen, white wall units with brown worktop and a glass back splash. Integrated stainless steel oven, hob, extractor fan, washing machine, dishwasher and fridge/freezer. Wood flooring.
  • Bedroom: Double Bedroom. Carpeted flooring
  • Bathroom: White suite comprising panelled bath with shower over, WC, hand washbasin with shelving and large mirror over. Full height tiling around the bath. Heated towel rail. Tile flooring.
  • Outside: Private Wrap Around Balcony, Allocated Parking Space in Gated Car Park and Communal Roof Terrace

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Energy Certificate

Accessibility

C – Lifetime Homes

Meets the space standards of the Lifetime Homes developed by the Joseph Rowntree Foundation. Designed to meet the space standards of Lifetime Homes. Main features include a level approach/entrance and wider doorways. This category will capture all new general needs housing built to Lifetime Homes standards. Properties achieving this category will not necessarily meet all Lifetime Homes design guidance as the LAHR framework does not assess features other than space and access. Properties may have an internal flight of stairs. If so, these will be wide enough to accommodate future provision of a stair lift subject to technical feasibility.


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Calculate Monthly Cost

Share price
£ 208,000
Min. £208,000
Share percentage
Min. 40%
Your deposit
Min. £20,800
Monthly cost*
£1,514
Cost breakdown
£553
Rent
£178
Service charge
£783
Mortgage*
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Disclaimer

The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together:

  • 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 costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.


NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.