Share Price £114,000 (from 30% Min. Share)

Full Value £380,000 | £5,700 Min. Deposit

Scheme: Shared Ownership Resales

Under offer

1 bedroom apartment in Merton

place Stanley Road, SW19 8RW

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A well presented one bedroom third floor purpose built flat in a convenient location in Merton


Description

Full Description

A one bedroom purpose built flat available through our Shared Ownership Scheme

Available for £114,000 for 30% share based on a market value of £380,000

SO Resi Monthly payment- £421.84
Monthly Service Charge- £166.95
Total Monthly Charge- £588.79 PLUS MORTGAGE REQUIRED FOR 30% SHARE

A well presented one bedroom third floor purpose built flat in a convenient location. Theaccommodation comprises of private entrance hall, bathroom with wc, open plan kitchen/receptionroom and bedroom. Outside there are well-kept communal grounds and areas, including bin and bikestores. The property also benefits from double glazing and gas fired central heating.

Property Details

Private Entrance Hall
Two fitted storage cupboards.

Bathroom with wc
Three piece white suite. Shower over bath.

Open Plan Kitchen/Reception room
3.43 x 6.09 plus bay window.
Good range of modern units
Gas hob
Cooker
Integrated fridge/freezer.

Bedroom
2.71 x 4.30 (Measured to maximum width and length).
Fitted cupboard

Outside
Well-kept communal grounds and areas, including bin and bike stores.
All room dimensions approximate.

EPC Rating

Energy Rating Band- B
Environmental Impact Band-B

Please note figures given for SO Resi payment and service charge are correct at time of marketing. There is an annual increasethat takes place. Please refer to Resale Team for up to date information.


Key Features

  • Third floor flat
  • One bedroom
  • Good condition
  • Double glazing and gas fired central heating
  • Close to Wimbledon town centre
  • Juliette Balcony
  • Available on 30% Shared Ownership basis

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Calculate Monthly Cost

Share price
£ 114,000
Min. £114,000
Share percentage
Min. 30%
Your deposit
Min. £5,700
Monthly cost*
£1,157
Cost breakdown
£422
Rent
£167
Service charge
£568
Mortgage*
Calculated using a representative rate of 3.94%
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Disclaimer

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.

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together:

  • 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 costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.


NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.