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1 bed apartment in Wandsworth

Phoenix Way, London, SW18 2PW

Available Now

Full price £380,000 / minimum share £190,000 (50%)

Call 0203 815 1234 to book your appointment

Affordable housing scheme: resales ('part buy part rent' on 2nd hand homes)

Budget calculator

Estimated total monthly cost£1,256

(includes: rent£415,

service charge£100,

estimated mortgage£741)

One bedroom second floor flat, in the London Borough of Wandsworth, available to buy through Shared Ownership. Full market value £380,000. 50% share available, share price £190,000.

Monthly fees
Monthly Mortgage**: £1,010.06
Monthly Rent: £415.26
Other Service Charge*: £100
Notting Hill Administration Fee: £13.50
Council Tax: £58.33

Estimated Total (per month): £1684.97 (Excluding council tax)

*Service Charge payable to Trinity Managing Agents
**Estimate :The monthly mortgage is based on an interest rate of 4.99 % with a capital and interest repayment over 25 years. It is based on a 90% mortgage The rent may increase each year, the increase calculation will be specified in the lease.

Accessibility Rating: E - Step Free

No published access design guidance. These are properties that are considered general needs housing but have a level approach/entrance into the property and throughout. Properties in this category that have an internal flight of stair will be likely to accommodate future provision of a stair lift subject to technical feasibility.

Eligibility

You will need to be earning a guidance income of at least £60,720. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £19,000. Total approximate savings required £23,000.

Important borough specific eligibility criteria
Wandsworth
Wandsworth will only accept applicants who have registered with Wandsworth Home Buy council and have been grated a reference number. You will not be able to book a viewing for this resale property unless you can provide your Wandsworth reference number. This property will only be allocated to registered applicants for a minimum of eight weeks.

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.

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.

Second floor
Entrance hall, kitchen/living room, bedroom and bathroom with W.C.

External
Communal grounds. No allocated parking

GIA
51 square metres (549 sqft) as per RICS valuation

Accessibility rating
E - Step Free

EPC rating
B

Length of lease
138 years

Borough
Wandsworth

Floor plan

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Share to Buy Ltd is authorised and regulated by the Financial Conduct Authority. FCA register number 306800. You can find more detail on our status in our Initial Disclosure Document [109k] and Terms of Business.

For further information, contact us or write to: Share to Buy, PO Box 11998, Sudbury CO10 3BS. Registered in England and Wales no: 04909788.