1 bedroom apartment for sale
Reed House, 21 Durnsford Road, SW19 8GY
Share percentage 30%, full price £285,000, £4,275 Min Deposit.
Share percentage 30%, full price £285,000, £4,275 Min Deposit
Monthly Cost: £1,380
Rent £567,
Service charge £349,
Mortgage £464*
Calculated using a representative rate of 4.78%
Calculate estimated monthly costs
Summary
A 1 bed shared ownership property available in Wimbledon, London
Description
Bright and modern one-bedroom apartment now available in Wimbledon, through Shared Ownership.
The property comprises an entrance hall, an open-plan living room and kitchen, one bedroom, and one bathroom.
The property is on the fifth floor, offering residents a private balcony.
Available for £85,500 for 30% share based on the marketing figure of £285,000.
Monthly rent - £566.69
Monthly Service Charge - £349.35
Total Monthly Charge - £916.04 plus mortgage required for 30% share.
An annual rent increase takes place every April
LocationThe property is located within a modern residential development of mostly similar properties close to Wimbledon in London.
The property is close to a range of local amenities including supermarkets, shops, and restaurants. Haydons Road rail station is roughly a 5-minute walk from the property and offers connections to central London. Wimbledon Park is also within walking distance of the property and offers connections on the District Line.
The property is also close to a range of parks and open spaces, including Wandle Meadow Nature Park.
Plenty of schools are available within walking distance for all levels.
EPC ratingEnergy rating band - C
Environmental rating band - A
Lease informationYears remaining on lease: 106
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
- Private balcony
- Central London < 1hr
- Fifth floor
- Available for 30% share
- 5% minimum deposit only
Particulars
Tenure: Leasehold
Lease Length: 106 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 30%, full price £285,000, £4,275 Min Deposit. Calculated using a representative rate of 4.78%
