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£110,000
Second floor one bedroom home in the London borough of Lambeth for £110,000 (25%) share price of £440,000 (full market price), available through Shared Ownership.
You will need to be earning a guidance income of £62,000. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £11,400. Total approximate savings required £15,400.
Important borough specific eligibility criteria
Lambeth
Priority will go to applicants with a connection to Lambeth
Applicants must be earning under £90,000 to be eligible for one, two and three bedroom apartments.
If you are an existing homeowner we will not be able to allocate you a home unless you have found a buyer for your existing home and are deemed to be in need of housing by your local council.
ACCOMMODATION DETAILS
The property is approximately 50 sq. metres, and the accommodation is arranged as follows:
A door, from the common stairwell, is fitted with a spy hole and Perco door closer leads to the:
Entrance hall. The entrance hall is provided with a pendant light fitting and smoke detector together with an electric heater. It also accommodates a cupboard which houses a pressurised hot water cylinder and has the provision of the electrical consumer unit. A slatted shelf is provided.
The hall then serves the:
Bathroom This is located to the back of the building with the provision of a window.
There is the provision of a pressed steel bath (with handles), a cantilever wash hand basin with mixer and a close coupled WC suite. The bath has a shower mixer and the area above the bath has been tiled to accommodate the shower arrangement.
Bedroom A double sized bedroom which has a south easterly facing window arrangement with views to the inner courtyard and entrance to the development. This room also has the provision of a cupboard with double doors and has a shelf and hanging rail. The room has been provided with a pendant light fitting and an electric heater.
Living room/kitchen the kitchen has a north-westerly facing window. There is the provision of a timber effect wall and base units together with black granite effect worktops.
The services include electricity, water and drainage. An electric heated chrome ladder towel rail is provided to the bathroom. Hot water is provided by dual immersions fitted to the pressurised hot water cylinder within the entrance hall cupboard.
GARDENS
There is a communal courtyard.
LIFT/STEPS (ACCESS)
Access to the property is via door entry system to the gated entrances of Clapham Road and Union Road. The courtyard is open and leads to the various properties in Stane Grove where there is a further door entry system. This leads to a tiled entrance hall and stairs which are carpeted. There is no lift to the block. Letter boxes are provided to the entrance hall.
PARKING PROVISIONS
The property does not have an allocated parking space despite there being an underground carpark.
Permit parking is available in surrounding streets through the London Borough of Lambeth. There may, however, be a clause preventing permits being acquired by owners of shared ownership properties.
There is a communal bicycle store.
- Clapham North Underground Station (0.4km)
- Clapham High Street Rail Station (0.5km)
- Stockwell Underground Station (0.6km)
- Wandsworth Road Rail Station (0.8km)
- Brixton Rail Station (1.0km)
- Brixton Underground Station (1.0km)
- Clapham Common Underground Station (1.1km)
- Nine Elms Underground Station (1.3km)
- Queenstown Road (Battersea) Rail Station (1.6km)
- Battersea Power Station Underground Station (1.7km)