Shared Ownership Resale is an affordable homeownership scheme where you purchase a share of a property and pay discounted rent on the remainder to a housing provider. Over time, you have the option to buy more shares and, in most cases, can staircase to 100% ownership. Learn more about Shared Ownership
Apartment
1 bedroom
Not specified
1/15
Available
£143,750
Chancery Building, 3 New Mill Rd, SW11 7AS
Share 25% / Full price £575,000 / Min deposit £14,375
Shared Ownership Resale
Shared Ownership Resale is an affordable homeownership scheme where you purchase a share of a property and pay discounted rent on the remainder to a housing provider. Over time, you have the option to buy more shares and, in most cases, can staircase to 100% ownership. Learn more about Shared Ownership
Shared Ownership Resale
Shared Ownership Resale is an affordable homeownership scheme where you purchase a share of a property and pay discounted rent on the remainder to a housing provider. Over time, you have the option to buy more shares and, in most cases, can staircase to 100% ownership. Learn more about Shared Ownership
You may be eligible for this property if: You must be at least 18 years old. Your annual household income must be less than £90,000. You are unable to purchase a suitable home to meet your housing needs on the open market. You should generally be a first-time buyer. If you already own a property, you must be in the process of selling or have already sold it before you can apply. Please note that applicants will be expected to purchase the maximum share that is sustainable for them.
Description
Property reference number: 1639538
Located at 3 New Mill Rd, this modern 1-bedroom apartment offers a blend of style and convenience. The property features a patio, fitted wardrobes, and integrated Zanussi kitchen appliances. Large bedroom windows and floor-to-ceiling patio doors flood the living room with natural light, creating a bright and airy atmosphere.
Just minutes away from Nine Elms station on the Northern line, commuting is effortless. Additionally, Vauxhall station, which serves the Victoria line and National Rail services, is nearby. The area boasts several green spaces, including Battersea Park and Vauxhall Park, which offer beautiful outdoor spaces for relaxation and recreation.
For your shopping needs, there are several nearby options including Waitrose and Sainsbury's. The apartment is also close to several reputable schools, including Newton Preparatory School and Eaton House Schools. This property is perfect for those seeking a vibrant neighbourhood with excellent transport links, green spaces, and convenient local amenities.
Closest stations: Battersea Power Station (0.5 miles), Nine Elms (0.4miles), Vauxhall (0.5 miles)
Bus routes nearby: 156, 344, 346
Key features: - Communal garden
- Private balcony
- Electrolux integrated appliances
- Secure bike storage
- Fitted wardrobe
- Floor-to-ceiling windows
Financial information Tenure: Leasehold Remaining lease term: 115 years Annual ground rent amount: £300 Ground rent review period: Annually Annual service charge amount: £3,242.04 Service charge review period: Annually Council tax band: E
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The information displayed about this property comprises a property advertisement. Share to Buy Ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.
This calculator gives an estimate on the total monthly cost of mortgage, rent and service charge whenever applicable
£143,750
Shared Ownership Resale
Full price £575,000
Estimated monthly cost£1,246
Rent£263
Service charge£270
Mortgage£713
Calculated using a representative rate of 4.42%
Share
Deposit
£
How is this calculated?
How is this calculated?
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.
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