2 bedroom apartment for sale
Devonshire House, 50 Putney Hill, London, SW15 6DJ
Share percentage 45%, full price £600,000, £27,000 Min Deposit.
Share percentage 45%, full price £600,000, £27,000 Min Deposit
Monthly Cost: £2,576
Rent £826,
Service charge £387,
Mortgage £1,363*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a Two Bedroom Apartment on a Shared Ownership (Part Buy/Part Rent) Basis
Description
A great opportunity to buy a shared ownership property in this highly-desirable location. Devonshire House is part of a modern development, just minutes from Putney Station (SWR services in to Clapham Junction/Waterloo) and East Putney (District line). North is Putney High Street and the Thames. To the South, the green spaces of Putney Heath and only slightly further away, Wimbledon Common and Richmond Park. The block is built to high standards of energy-efficiency and features a communal heating and hot water system. The smartly-presented apartment is on the second floor and has a twenty-five-foot reception room with open-plan kitchen featuring sleek, white units and integrated appliances. A sliding door leads from the living room area out onto an east/south-east-facing balcony. The bedrooms both include fitted, mirror-fronted wardrobes and one has an en-suite shower room. There is also an attractive main bathroom. Residents of the block can enjoy use of the concierge service, gym, cycle store, well-tended communal grounds and a roof terrace with far-reaching views of the London skyline.
SHARED OWNERSHIP (Advertised price represents 45% share. Full market value £600,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [http://bit.ly/2Zk9f1m]
(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)
Housing Association: A2Dominion.
Tenure: Leasehold (155 years less 5 days from 01/01/2011)
Minimum Share: 45% (£270,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £826.32 per month (subject to annual review).
Service Charge: £387.48 per month (subject to annual review).
Guideline Minimum Income: Dual £87,900 (based on 45% share and 25% deposit £67,500) | Single - £89,700 (45% share, 40% deposit £108,000).
Council Tax: Band F, London Borough of Wandsworth. Priority is given to applicants living and/or working in this local authority.
This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone. Pets not permitted (except assistance animals). There is no parking space offered with this property.
Key Features
- Guide Dual Income £87.9k 25% deposit £67.5k
- Guide Single Income £89.7k 40% deposit £108k
- Second Floor with Balcony
- Approx. 723 Sqft Gross Internal Area
- Very Good Energy-Efficiency Rating
- Concierge Service and Residents' Gym
- Communal Garden and Roof Terrace
- Minutes from Putney/East Putney Stations
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: F
Property Downloads
Floor Plan BrochureMap
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: No
Outside Space/Garden: Yes - Private Balcony
Year property was built: Enquire with provider
Unit size: Enquire with provider
Accessible measures: Enquire with provider
Heating: Enquire with provider
Sewerage: Enquire with provider
Water: Enquire with provider
Electricity: Enquire with provider
Broadband: Enquire with provider
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 45%, full price £600,000, £27,000 Min Deposit. Calculated using a representative rate of 4.59%