1 bed Flat For Sale £160,000
Shared ownership (Advertised price represents 25% share. Full market value £640,000). A great chance to buy a spacious shared-ownership apartment in such a central location. The smartly-presented property is on the sixth floor and features a dual-aspect reception room with attractive flooring, two Juliette balconies and double doors that open onto a large, private terrace. There is a stylish, semi-open-plan kitchen with integrated appliances; a bedroom with fitted wardrobe and additional Juliette balcony; a modern, high-spec bathroom and storage/utility cupboards flanking the entrance door. Exchange Gardens is an impressive, recently-built development close to Vauxhall Park and only a short walk from the Thames. Residents can make use the twenty-four-hour concierge, gym, pool, sauna and club lounge*. Vauxhall and the newly-opened Nine Elms Northern Line station are both nearby plus this particular apartment benefits from a space in the underground car park.
* Additional costs apply to use the concierge/leisure facilities.
Interested parties are required to complete the shared ownership common application form
[]
(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)
Housing Association: A2Dominion.
Tenure: Leasehold (125 years from 2017).
Minimum Share: 25% (£160,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £625.89 per month (subject to annual review).
Service Charge: £254.50 per month (subject to annual review). Optional £40.00 per month to use the gym and fitness centre. Optional £240 for the year for the development concierge services.
Guideline Minimum Income: Dual - £60,400 Single - £68,300 (based on minimum share and 10% deposit).
Council Tax: Band E, London Borough of Lambeth. Priority is given to applicants living and/or working in this local authority.
This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone. Pets not permitted (except assistance animals).
What is shared ownership ?
Shared Ownership is a housing scheme designed to help homebuyers who are unable to afford the cost of buying a property outright on the open market. Properties may be sold off-plan or new build direct from housing associations, or pre-owned from existing shared owners. The rules and terms of the scheme are set by the Greater London Authority (gla) in London and Homes England outside of London.
Is shared ownership for you ?
The gla and Homes England set the eligibility criteria for Shared Ownership, but broadly speaking you must:
1. Not own another property in the UK or any other country.
2. Have a household income that falls below £90,000 (£80,000 threshold outside the M25). Every property will have a minimum income level too, determined by its’ value, rent and service charge costs. In most cases you will need to meet or exceed the given minimum income.
3. Have access to a minimum deposit of 10% of the share being purchased (a minimum deposit of 5% of the share being purchased may be acceptable depending on individual financial status).
4. Be in full time permanent employment.
5. Be a British, EU or eea Citizen or have indefinite leave to remain in the UK.
6. Have a good credit history.
Sixth Floor
Reception
21' 6" max. X 18' 2" max. (6.55m x 5.54m)
Kitchen
included in reception measurement
Bedroom
12' 0" max. X 10' 10" max. (3.66m x 3.30m)
Bathroom
Private Terrace
Approximately 480 Sqft (45m2)
* Additional costs apply to use the concierge/leisure facilities.
Interested parties are required to complete the shared ownership common application form
[]
(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)
Housing Association: A2Dominion.
Tenure: Leasehold (125 years from 2017).
Minimum Share: 25% (£160,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £625.89 per month (subject to annual review).
Service Charge: £254.50 per month (subject to annual review). Optional £40.00 per month to use the gym and fitness centre. Optional £240 for the year for the development concierge services.
Guideline Minimum Income: Dual - £60,400 Single - £68,300 (based on minimum share and 10% deposit).
Council Tax: Band E, London Borough of Lambeth. Priority is given to applicants living and/or working in this local authority.
This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone. Pets not permitted (except assistance animals).
What is shared ownership ?
Shared Ownership is a housing scheme designed to help homebuyers who are unable to afford the cost of buying a property outright on the open market. Properties may be sold off-plan or new build direct from housing associations, or pre-owned from existing shared owners. The rules and terms of the scheme are set by the Greater London Authority (gla) in London and Homes England outside of London.
Is shared ownership for you ?
The gla and Homes England set the eligibility criteria for Shared Ownership, but broadly speaking you must:
1. Not own another property in the UK or any other country.
2. Have a household income that falls below £90,000 (£80,000 threshold outside the M25). Every property will have a minimum income level too, determined by its’ value, rent and service charge costs. In most cases you will need to meet or exceed the given minimum income.
3. Have access to a minimum deposit of 10% of the share being purchased (a minimum deposit of 5% of the share being purchased may be acceptable depending on individual financial status).
4. Be in full time permanent employment.
5. Be a British, EU or eea Citizen or have indefinite leave to remain in the UK.
6. Have a good credit history.
Sixth Floor
Reception
21' 6" max. X 18' 2" max. (6.55m x 5.54m)
Kitchen
included in reception measurement
Bedroom
12' 0" max. X 10' 10" max. (3.66m x 3.30m)
Bathroom
Private Terrace
Approximately 480 Sqft (45m2)
1 bed Flats For Sale Trenchold Street
1 bed Flats For Sale Miles Street
1 bed Flats For Sale Wheatsheaf Lane
1 bed Flats For Sale Luscombe Way
1 bed Flats For Sale Fentiman Road
1 bed Flats For Sale Wyvil Road
1 bed Flats For Sale South Lambeth Road
1 bed Flats For Sale Wyvil Estate
1 bed Flats For Sale Bondway
1 bed Flats For Sale Old South Lambeth Road
1 bed Flats For Sale Miles Street
1 bed Flats For Sale Wheatsheaf Lane
1 bed Flats For Sale Luscombe Way
1 bed Flats For Sale Fentiman Road
1 bed Flats For Sale Wyvil Road
1 bed Flats For Sale South Lambeth Road
1 bed Flats For Sale Wyvil Estate
1 bed Flats For Sale Bondway
1 bed Flats For Sale Old South Lambeth Road
