1 bedroom apartment for sale
Cavendish Road, Merton, SW19 2FL
Share percentage 25%, full price £400,000, £5,000 Min Deposit.
Share percentage 25%, full price £400,000, £5,000 Min Deposit
Monthly Cost: £1,980
Rent £1,044,
Service charge £379,
Mortgage £557*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 1 bed shared ownership property available in Merton, London
Description
This bright and modern 1 double bedroom apartment on the first floor of a seven-storey building, built in 2017, is now available in Colliers Wood through Shared Ownership.
The first floor can be reached via the secure communal entrance lobby by lift or stairwell. The first floor comprises a private entrance hall with built-in storage leading to the large kitchen/reception area, bathroom and spacious bedroom. There is also a private balcony that can be accessed via the kitchen/reception area.
Perfect opportunity for couples and first time buyers seeking urban and modern living.
Available for £100,000 for 25% share based on the marketing figure of £400,000.
Monthly rent - £1043.77
Monthly Service Charge - £379.22
Total Monthly Charge - £1,422.99 plus mortgage required for 25% share.
An annual rent increase takes place every April
LocationLiving in Colliers Wood offers an excellent location with many local amenities and superb transport links to other parts of London. Conveniently situated next to Colliers Wood Underground Station, you can hop on the Northern Line and reach London Bridge in under thirty minutes.
The area boasts a variety of local shops and restaurants to suit diverse tastes. For everyday essentials, there's a large Sainsbury's nearby. Fitness enthusiasts will appreciate The Gym Group London Colliers Wood, which is just a short distance away.
Directly opposite the property is Wandle Park, an ideal spot for catching up with friends while enjoying a leisurely walk. Additionally, Colliers Wood is surrounded by several other green spaces, including the Colliers Wood Recreation Ground, which features a football pitch, tennis courts, and a children's play area.The Wandle Meadow Nature Park offers a serene environment for nature walks and picnics. The nearby Deen City Farm provides a unique urban farming experience, perfect for a family outing.
EPC ratingEnergy rating band - B
Environmental impact band - B
Years remaining on lease: 117
In certain cases, 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
- Modern appliances
- High specification kitchen & bathroom
- Bright open plan living & entertaining space
- Hardwood floors & underwood heating
- Private balcony
- Stone's throw to tube (Northern Line), shops, & restaurants
- Available for 25% share
- 5% minimum deposit only
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor PlanMap
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: n/a
Outside Space/Garden: n/a
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 25%, full price £400,000, £5,000 Min Deposit. Calculated using a representative rate of 5.03%
