Share Price £101,500 (from 35% Min. Share)

Full Value £290,000 | £5,075 Min. Deposit

Scheme: Shared Ownership Resales

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Resales - 1 bed apartment in Sutton

place 17 Sutton Court Road, SM1 4FG

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One bedroom third floor apartment benefitting from private balcony


Description

SHARED OWNERSHIP

Full Market Value: £290,000

You Pay (35%): £101,500

Monthly Rent: £467.89 from 1/4/2020

Monthly Service Charge: £197.67 from 1/4/2020

Ground Rent: £100.00 p.a

125year lease commenced on 31 August 2017

PLEASE NOTE THERE IS NO PARKING

Located within walking distance of Sutton mainline station and high street amenities.Central Sutton offers a wide range of shops and amenities including, Morrisons, Sainsburys, The Post Office and Robin Hood Medical Centre.
In addition, the property is well situated for a number of well regarded schools, with Sutton High, Homefield Park and Robin Hood Infant and Junior Schools all nearby.
Sutton Mainline Train Station provides regular commuter services into Central London destinations including London Victoria, London Bridge, and London Blackfriars, whilst local buses provide around the clock access to Kingston Upon Thames, and London Heathrow airport.

The buyer will require a deposit to obtain a mortgage for this property.

This home is available to anyone that is affordable, meets theminimum household income requirement of £39,352and is able to raise a shared ownership mortgage. Buyers are required to buy the maximum share they can afford and sustain.

Only applicants who are registered with London and Quadrant will be eligible to be offered the property for our schemes. Please ensure to keep a record of your unique registration number. Please visit our website www.lqhomes.comto register with us.

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 atFebruary 2020.


Key Features

  • Living area open plan to kitchen with access to balcony.
  • Kitchen fitted with cream base units and dark grey wall cupboards with walnut effect work surfaces. Integrated oven, hob, chimney style stainless steel extractor hood, fridge/freezer, washing machine and dishwasher.
  • Double bedroom with fitted wardrobe.
  • Bathroom fitted with a white suite and shower over bath with glass shower screen.
  • Communal heating system.
  • Double glazed windows.
  • Entry phone system.

Download Documents

Link to the floor plan
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Calculate Monthly Cost

Share price
£ 101,500
Min. £101,500
Share percentage
Min. 35%
Your deposit
Min. £5,075
Monthly cost*
£1,172
Cost breakdown
£468
Rent
£198
Service charge
£506
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.