2 bedroom apartment for sale
Mollison drive, Wallington, SM6 9BY
Share percentage 40%, full price £285,000, £5,700 Min Deposit.
Share percentage 40%, full price £285,000, £5,700 Min Deposit
Monthly Cost: £1,144
Rent £383,
Service charge £142,
Mortgage £619*
Calculated using a representative rate of 4.78%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Wallington, Surrey
Description
Bright and spacious two-bedroom apartment now available in Wallington, through Shared Ownership.
The property features an entrance hall, a living room, a kitchen, two bedrooms, and one bathroom.
The apartment is on the ground floor, offering residents a private patio and an allocated parking spot.
Available for £114,000 for 40% share based on the marketing figure of £285,000.
Monthly rent - £383.07
Monthly Service Charge - £141.59
Total Monthly Charge - £524.66 plus mortgage required for 40% share.
An annual rent increase takes place every April
LocationThe property is located in a residential area, offering residents a variety of amenities. Local supermarkets and gyms can be found within a mile while families benefit from top-rated schools including Wilson’s School and St Elphege’s RC Junior and Infant Schools - all within a 5-minute walk.
Mellows Park is just 0.3 miles away, offering green space for relaxation and outdoor activities, while St Helier Hospital is a 10-minute drive for healthcare needs.
Wallington and Waddon train stations are both under a mile away, providing direct services to London Victoria in approximately 35 minutes. Several bus routes also serve the area, making travel across South London seamless.
EPC ratingEnergy rating band - B
Environmental rating band - B
Lease informationYears remaining on lease: 111
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.
Other informationThis property is offered under Shared Ownership and is allocated on a first-come, first-served basis, subject to applicants meeting all eligibility and affordability criteria. However, in some cases, local authority planning agreements (Section 106) may apply, which could give priority to applicants who meet specific local connection requirements. A full allocation policy is available on your provider’s website or by contacting us directly. We encourage potential buyers to get in touch with any questions about the scheme or application process.
Key Features
- Two-bedroom apartment
- Ground floor
- Allocated parking
- Private patio
- Available for 40% share
- 5% minimum deposit only
Particulars
Tenure: Leasehold
Lease Length: 111 years
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 40%, full price £285,000, £5,700 Min Deposit. Calculated using a representative rate of 4.78%