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£110,250
One bedroom apartment just minutes from Tooting Station
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.
Also, you must have a local connection to Wandsworth either through residency, work or family.
SHARED OWNERSHIP
Full Market Value: £315,000
Share Value (35%): £110,250
Monthly Rent: £509.60
Service Charge: £214.58
Ground Rent: £200.00 PA
Council Tax Band: C
125 year lease commenced July 2003 - 102 years remaining
Guidance from the Royal Institute of Chartered Surveyors (RICS), means that lenders should no longer require an EWS1 form for this property. However, we cannot guarantee that all Mortgage lenders, brokers and valuers are utilising the same criteria.
This spacious one bedroom apartment consists of an open plan living area with a semi-separate kitchen, which leads to private east facing balcony. The kitchen is fitted with beech wall and base units and grey worktops and has an integrated oven, hob and extractor fan. The bedroom has a walk in-storage cupboard and there is additonal storage in the hallway. The bathroom comes complete with a white three-piece suite with a shower over bath and a tile surround.
This property benefits from a sinking fund. A sinking fund is a long-term savings plan that leaseholders contribute to every month through service charges. This is used to pay for major works that are required, such as replacing a roof.
Tooting Broadway is less than 10 minute's walk away offering a range of high street stores. Sainsbury's local is directly across the road from the development and there is a large Sainsbury's at Tooting Broadway station. If you like to keep fit, there is a fully equipped gym directly opposite the property. There is also a Post Office, corner shop, and public houses within half a mile of the development.
Taking the Northern Line, it's just about 4 minutes to Balham and about six minutes to Wimbledon. Take the bus and underground to Morden; the journey is approximately 22 minutes while traveling to Oxford Circus from Tooting Broadway on the tubes takes approximately 25 minutes. Tooting station is a short walk away with Thameslink trains in the direction of Sutton or Lution. If you want to get to London from Tooting Station, the journey time to London Waterloo is around 30 minutes. The area is served by several bus routes that travel to a wide variety of destinations including Streatham, Putney, Waterloo, and Brixton. it's approximately 36 minutes by bus to London Bridge.
The buyer will require a deposit to obtain a mortgage for this property.
To meet the requirements for this property we require as a guideline, a minimum household income of £46,003. If you are offered the home, your ability to afford this property will be assessed at your financial interview. Please note that applicants should purchase the maximum share that they can afford and sustain.
APPLICANTS MUST BE LIVING OR WORKING IN WANDSWORTH AND REGISTERED WITH THE LOCAL AUTHORITY HOMEBUY TEAM
Only applicants who are registered with London and Quadrant will be eligible to be offered a property in one of our schemes. If you are not registered please visit our website www.lqhomes.com and register to obtain your unique reference number.
Your home is at risk if you fail to keep up repayments on a mortgage, rent or other loan secured on it. Please make sure you can afford the repayments before you take out a mortgage.
These particulars are of opinion only, are intended to give a fair description and do not form the basis of a contract. The descriptions and all other information are believed to be correct as of May 2026.
