2 bedroom apartment for sale

Available

6, 2a Cavendish House, Wimbledon, SW19 2FL

£155,750 · Shared Ownership Resale

Share percentage 35%, full price £445,000, £7,788 Min Deposit.

Available
2 bedrooms
1 Bathroom
£155,750 Shared Ownership Resale · Eligibility Eligibility

Share percentage 35%, full price £445,000, £7,788 Min Deposit.

Monthly Cost: £1,755
Rent £805, Service charge £116, Mortgage £834*

Calculated using a representative rate of 4.64%

Calculate estimated monthly costs

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Eligibility

You may be eligible for this property if:

· You have a gross household income of no more than £90,000 per annum when eligible to purchase.

· You are unable to purchase a suitable home to meet your housing needs on the open market.

· You do not already own a home or you will have sold your current home before you purchase or rent.

· You live or work in the property’s area

· To purchase this 35% minimum share you will need an average minimum joint household income of £44,433 and available savings of £7,788 for a 5% mortgage deposit.

Summary

Optivo are delighted to offer for sale this well-presented 2-bedroom 2nd floor apartment located less than 2 minutes’ walk from Colliers Wood Tube Station.

Description

The current market value is £445,000 for 100%. The minimum 35% share available is priced at £115,750, current rent payable £804.21pcm, rent is subject to annual reviews. Service charges are currently £115.79 pcm.

Viewings by appointment only. Please note Social Distancing measures need to be followed. Please contact resales via e-mail resales@optivo.org.uk for the vendors details.

If you would like to apply after you have conducted a viewing, a PDF writable application form can be saved from the Brochure Section on this advert. Please email a fully completed copy to resales@optivo.org.uk

Application forms need to be returned to Optivo for the attention of Jan.

Please note though that if a high volume of applications is received, the deadline might be brought forward.

*Please note the successful applicant will be required to pay a £250 non-refundable reservation fee once offered the property.

Local information

Cavendish House is a vibrant new apartment building perfectly located less than 2 minutes walk from Colliers Wood Tube Station.

From here you are well connected by the Northern line which has great connections to other underground lines, mainline services and the Overground. Slightly further afield (1 mile) is Tooting National Rail Station providing onward travel via Thameslink and Southern Rail

Not only will you be investing in your own brand new stylish apartment with great finishes throughout, you will be living near Wandle Park and Wandle Meadow Park, both just a short stroll away. When it comes to heading out for a drink or a bite to eat, the options around are wide and anything but the mundane, with pubs, clubs and restaurants in nearby Tooting and Wimbledon, or if you want to take in the bright lights of the West End you can be there in less than half an hour.

Key Features

Features

Overall Size 65m2

Kitchen 4.54m x 3.14m

Living/Dining 4.37m x 5.59m

Bathroom 2.09m x 2.33m

Bedroom 1 3.92m x 2.77m

Bedroom 2 4.19m x 2.94m

Kitchen

•• Gloss white kitchen with slow closing units

•• Grey slate coloured work tops

•• Glass splashbacks

•• Stainless steel sink with Monobloc mixer tap

•• Stainless steel ceramic hob & single oven

•• Integrated fridge freezer & dishwasher

•• Hotpoint washer dryer

Bathroom

•• White bathroom suite

•• Chrome taps

•• Thermostatic shower

•• Glass Shower Screen

General

•• Rustic oak lamiinate flooring throughout

•• Ceramic tiles to bathroom floor

•• Carpets to bedrooms

•• LED spotlights throughout

•• Pendant lighting in bedrooms

•• Treated softwood decking to balconies

Particulars

Tenure: Not specified
Council Tax Band: Not specified

Property Downloads
Brochure
Map
Colliers Wood (0.01 miles) South Wimbledon (0.66 miles) Haydons Road (0.68 miles)
Monthly Cost Calculator

The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.

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  • 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.

£155,750
Shared Ownership Resale
Estimated Monthly Cost:£1,755
Rent £805
Service Charge £116
Mortgage £834

Share percentage 35%, full price £445,000, £7,788 Min Deposit. Calculated using a representative rate of 4.64%


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.