1 bedroom apartment for sale
St. James's Crescent, Brixton, SW9 7BY
Share percentage 50%, full price £420,000, £10,500 Min Deposit.
Share percentage 50%, full price £420,000, £10,500 Min Deposit
Monthly Cost: £2,061
Rent £712,
Service charge £208,
Mortgage £1,141*
Calculated using a representative rate of 4.78%
Calculate estimated monthly costs
Summary
A 1 bed shared ownership property available in Brixton, London
Description
Modern, bright & eco-sustainable one-bedroom apartment now available in Brixton, South London, through Shared Ownership.
The property comprises a wide living room with a private balcony, an open-plan fitted kitchen, and a large bedroom. There is substantial storage space throughout the apartment, including two large built-in cupboards in the hallway. This would be ideal for a small family, young professional or couple.
The flat is on the first floor of a newly built construction (circa 2018).
The building has a lovely community of residents to match its well-kept shared gardens and a massive locked communal bike store for apartment owners.
Available for £210,000 for 50% share based on the marketing figure of £420,000.
Monthly rent - £711.64
Monthly Service Charge - £208.13
Total Monthly Charge - £919.77 plus mortgage required for 50% share.
An annual rent increase takes place every April
LocationThe property sits in a fantastic location near the town centre of Brixton, with excellent travel links and all local amenities within walking distance.
The Brixton underground station (Victoria Line) is just a few minutes away, and the railway station also allows for fast travel to Victoria Station and outside of London.
EPC ratingEnergy rating band - B
Environmental impact band - A
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.
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
- One-bedroom apartment
- Modern building (2018)
- Private balcony
- Great transport links
- Available for 50% share
- 5% minimum deposit only
Particulars
Tenure: Leasehold
Lease Length: 117 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 50%, full price £420,000, £10,500 Min Deposit. Calculated using a representative rate of 4.78%