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£102,500
1-bedroom, third-floor apartment available through Shared Ownership in Wandsworth!
You can apply to buy the home if all of the following apply:
- your household income is £90,000 or less
- you cannot afford all of the deposit and mortgage payments to buy a home that meets your needs
One of the following must also be true:
- you're a first-time buyer
- you used to own a home but cannot afford to buy one now
- you're forming a new household - for example, after a relationship breakdown
- you're an existing shared owner, and you want to move
- you own a home and want to move but cannot afford to buy a new home for your needs
If you own a home, you must have completed the sale of the home on or before the date you complete your shared ownership purchase.
As part of your application, your finances and credit history will be assessed to ensure that you can afford and sustain the rental and mortgage payments.
1-bedroom, third-floor apartment available through Shared Ownership in Wandsworth!
This apartment offers open living space, a fitted kitchen with fridge/freezer, oven, hob and extractor, one carpeted double bedroom, a fitted bathroom, and a private balcony.
Key Features
- Spacious double bedroom
- Energy efficient home - EPC Rating: B
- 129-year lease
- Excellent transport links from Wandsworth Town and Putney Stations
- Fitted kitchen with fridge/freezer, oven and hob
- Fitted carpets to bedroom, coridoor and living space
- Private balcony
Key Information
Tenure: Shared Ownership
Available Shares from: 25%
Full Market Value: £410,000
Share Value (initial purchase) from: £102,500
Rent (on unsold equity): £705
Service Charge: £250 per month
Lease Length: 129 years
Council Tax Band: D
EPC Rating: B
Please note that higher shares may be available to purchase. The final share amount will be discussed and agreed upon during your financial assessment.
Development & Location
Wandsworth Town offers residents a peaceful and picturesque high street, offering local pubs, local deli's and bakeries, as well as independent retailers and high street staples. Clapham Town is also nearby, and offers an abundance of nightlife, restaurants, bars and grocery stores. This park side location also offers open green spaces to enjoy, as well as riverside walks, and easy connections to the rest of London and beyond from the district line at Putney, and train connections to Clapham Junction from Wandsworth Town in just 5-minutes.
Eligibility
Shared Ownership is designed to help first-time buyers and those who do not currently own a home get onto the property ladder.
To be eligible, you must:
- Have a household income of under £90,000
- Be unable to purchase a suitable home on the open market
- Have a good credit history and be able to obtain a mortgage
Shared Ownership is a government-backed scheme that helps people get on the property ladder. You start by buying just a share of your home. You'll typically only need a 5% deposit of the share you purchase, making it more affordable to get started. Buying a smaller share also means it can be easier to secure a mortgage and take your first step onto the property ladder.
You can buy more shares of your home at any time in the future, working towards owning your home outright.
You can add locations as 'My Places' and save them to your account. These are locations you wish to commute to and from, and you can specify the maximum time of the commute and by which transport method.
Red Loft
