Share Price £112,000 (from 40% Min. Share)

Full Value £280,000 | £5,600 Min. Deposit

Scheme: Shared Ownership Resales

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2 bedroom apartment in Sutton

place Old Market Court, Crown Road, SM1 1SD

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Optivo Resales

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Optivo are delighted to offer for sale this well-presented two-bedroom second floor flat


Description

The current market value is £280,000 for 100%. The minimum 40% share available is priced at £112,000, current rent payable £433.82pcm, rent is subject to annual reviews. Service charges are currently £266.00 pcm.

The property is in a purpose built 2 story block of flats situated above a Halfords Store. There is an open air courtyard above the shop unit.

Viewings by appointment only.

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 or call 0208 03 62838.

Application forms need to be returned to Optivo ASAP - on a first come first serve basis.

Local information

The property is close to Asda, Sainsbury’s and shopping mall with department store and close to good bus, road and rail links.


Key Features

Full market value £280,000 - subject to an updated valuation


Share available and price 40% = £112,000


Current rent payable £433.82


Monthly service charge £266.00


Lease term - 125 years from commencement date (less 10 days) 18-12-2000.


Features

Hallway 1.04m x 6.3m + 2.0m x 2.0m

Reception 4.0m x 4.2m

Kitchen 3.5m x 2.3m

Bedroom 1 3.0m x 2.7m

Bedroom 2 4.3m x 2.5m

Bathroom 2.7m x 4.0m

Gross Internal Floor Area:

89 Sqm

1 parking space plus one for visitors


Download Documents

Property brochure 1

Accessibility

F – General Needs

General needs housing does not meet any of the above criteria. Properties in this category will have more than four steps or a ramp access that is steeper than 1:10 to access the property front door. These properties should be marketed with the number of steps to access the property as this will provide an additional factor for helping people choosing what to bid for.


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Calculate Monthly Cost

Share price
£ 112,000
Min. £112,000
Share percentage
Min. 40%
Your deposit
Min. £5,600
Monthly cost*
£1,258
Cost breakdown
£434
Rent
£266
Service charge
£558
Mortgage*
Calculated using a representative rate of 3.94%
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Optivo Resales

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Location

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.