1 bedroom apartment for sale
Richmond House, Sherbrooke Way, KT4 8FJ
Share percentage 35%, full price £325,000, £5,688 Min Deposit.
Share percentage 35%, full price £325,000, £5,688 Min Deposit
Monthly Cost: £1,362
Rent £523,
Service charge £221,
Mortgage £618*
Calculated using a representative rate of 4.78%
Calculate estimated monthly costs
Summary
A 1 bed shared ownership property available in Worcester Park, Sutton
Description
This bright, modern, one-bedroom apartment is now available in Worcester Park through Shared Ownership.
The property on the second floor comprises an entrance hall, a spacious living room with an open-plan kitchen, a double bedroom, and a bathroom.
Outside, there is a private balcony, allocated underground parking and communal grounds. Perfect for couples or singles.
Available for £113,750 for 35% share based on the marketing figure of £325,000.
Monthly rent - £522.80
Monthly Service Charge - £220.81
Total Monthly Charge - £743.61 plus mortgage required for 35% share.
An annual rent increase takes place every April
LocationLiving in Worcester Park is quite pleasant and friendly. The area has a nice mix of parks and shops, making it easy to find what you need. The parks are great for families, offering space for children to play and for people to walk or ride bikes.
The local shops have everything from groceries to clothes, so you won’t have to go far for your daily needs. Worcester Park also has good schools, which parents appreciate for their children’s education.
The transport links are also convenient, with trains and buses connecting to London and other places. Community events often happen in the area, bringing people together and creating a friendly atmosphere.
EPC ratingEnergy rating band - B
Environmental impact band - B
Years remaining on lease: 990
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 informationHow we allocate Shared Ownership homes
We offer homes on a first-come, first-served basis, as long as you meet all the eligibility criteria. Sometimes, we give priority to people who live or work in the same area as the home. This is based on rules set by the local authority. All Shared Ownership providers must publish an allocations policy, which explains how they decide who gets a home.
If the home is managed by SO Resi and MTVH
You can read the Shared Ownership allocation policy on the MTVH website. SO Resi is the Shared Ownership brand of MTVH, a housing association.
If the home is managed by another provider
Visit their website to find their allocation policy. Contact us if you have any questions.
Key Features
- One bedroom apartment
- Modern kitchen
- Private Balcony
- Underground allocated parking
- Good travel links
- Available for 35% share
- 5% minimum deposit only
Particulars
Tenure: Leasehold
Lease Length: 990 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 35%, full price £325,000, £5,688 Min Deposit. Calculated using a representative rate of 4.78%
