2 bedroom apartment for sale
Lancaster Way, Worcester Park, KT4 8EF
Share percentage 60%, full price £365,000, £10,950 Min Deposit.
Share percentage 60%, full price £365,000, £10,950 Min Deposit
Monthly Cost: £1,830
Rent £440,
Service charge £170,
Mortgage £1,220*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Worcester Park, London
Description
Bright, modern and spacious two-bedroom semi-detached house now available in Worcester Park, South London through Shared Ownership.
The property is located on the first floor and comprises of an open plan kitchen, a spacious reception room, and a modern bathroom.
The property also includes off street parking.
Available for £219,000 for 60% share based on the marketing figure of £365,000.
Monthly rent - £439.70
Monthly Service Charge - £170.43
Total Monthly Charge - £610.13 plus mortgage required for 60% share.
An annual rent increase takes place every April
LocationThe property sits in a family-friendly area offering excellent transport links, including a 10 minute walk to Worcester Park Station with trains to London Waterloo in under 30 minutes.
The area features several local supermarkets, gyms and healthcare facilities within a 15 minute drive and good access to schools. Residents can also enjoy green space in the local Mayflower park which is only an 8 minute walk away.
Local bus services and nearby Morden station provide access to the Northern Line, making it easier to get to London.
EPC rating- Energy rating band - B
- Environmental impact band - C
Years remaining on lease: 970
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
- Two-bedroom semi-detached house
- Central London <1 hour
- Great transport links
- Off street parking
- 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 60%, full price £365,000, £10,950 Min Deposit. Calculated using a representative rate of 5.03%
