1 bed Flat For Sale £425,000
Shared Ownership
The scheme allows you to purchase the specified share of the property price and pay a reduced rent on the share you do not own. You will have the opportunity to buy further shares (subject to affordability) at a later date. As a shared owner you will be an assured tenant until you own 100% of the shares for the property, after which you will own the leasehold interest
Location
Immediately outside the door, there are two supermarkets, a retail park, and this spring, a gym with squash courts, Starbucks and Greggs are all set to open only a couple of minutes’ walk away. Additionally, the flat sits neatly between Earslfield, Tooting and Wimbledon, all of which offer distinctively unique facilities and ambience.
A 5 minute walk along Garratt Lane into Earlsfield and you are spoilt for choice with coffee shops, independent homeware boutiques and a huge range of restaurants. A 5-minute bus (being served by the 44,77 and 270 means that they come every couple of minutes) down to Tooting and you can choose from numerous dining options and vibrant nightlife, most notably in Tooting Market and the rooftop bar The Corin. On the other hand, a 20-minute walk and you arrive in Wimbledon, with all the facilities you would hope for in a lively town centre, including a shopping centre, cinema and theatre, and at the top of the hill, Wimbledon village is a picturesque retreat from the bustle of London.
There are excellent cycle lanes in the area, along with secure bike storage at the property, making it even easier to travel across the area. Having the transport options of National Rail from Earlsfield and Haydons Road, the Northern line from Tooting Broadway and the District Line from Wimbledon Park gives a huge amount of flexibility, and means that my journey is always straightforward, regardless of where I need to travel. The variety of neighbourhoods just a stone’s throw from the flat make the location ideal for practically any pursuit.
Gia – 52m²
Bedroom 1 – 8.03m²
• Carpeted
• Fitted Wardrobe
Bathroom/WC – 4.64m²
• Fully Tiled
• Overhead & Handheld Shower
• Mirror Cabinet
• Heated Towel Rail
Kitchen – 11.63m²
Lounge – 14m²
Outside
• Balcony
Further Info
Tenure: Leasehold
Rent review Period: April
Lease Length: 122 years approx
Council Tax Band: C
Energy Efficiency Rating – B
Eligibility
• You must be at least 18 years old
• You should live or work in the London Borough of Merton
• Outside of London your annual household income must be less than £80,000
• In London, your annual household income must be less than £90,000
• You cannot own another home. Shared Ownership purchasers are often first-time buyers but if you do already own another property (either in the UK or abroad), you must be in the process of selling it
• You should not be able to afford to buy a home suitable for your housing needs on the open market.
• You must show you are not in mortgage or rent arrears
• You must be able to demonstrate that you have a good credit history (no bad debts or County Court Judgements) and can afford the regular payments and costs involved in buying a home.
Sale Price and Equity
Full market value: £425,000
Monthly net rent: £563.75
Share available: 40%
Monthly service charge: £182.99
Share price: £170,000
Council Tax rates payable: £1607.65
Ground Rent: N/A
The rent review is every April. Quoted rental figures are based on the 2022/23 financial year.
The scheme allows you to purchase the specified share of the property price and pay a reduced rent on the share you do not own. You will have the opportunity to buy further shares (subject to affordability) at a later date. As a shared owner you will be an assured tenant until you own 100% of the shares for the property, after which you will own the leasehold interest
Location
Immediately outside the door, there are two supermarkets, a retail park, and this spring, a gym with squash courts, Starbucks and Greggs are all set to open only a couple of minutes’ walk away. Additionally, the flat sits neatly between Earslfield, Tooting and Wimbledon, all of which offer distinctively unique facilities and ambience.
A 5 minute walk along Garratt Lane into Earlsfield and you are spoilt for choice with coffee shops, independent homeware boutiques and a huge range of restaurants. A 5-minute bus (being served by the 44,77 and 270 means that they come every couple of minutes) down to Tooting and you can choose from numerous dining options and vibrant nightlife, most notably in Tooting Market and the rooftop bar The Corin. On the other hand, a 20-minute walk and you arrive in Wimbledon, with all the facilities you would hope for in a lively town centre, including a shopping centre, cinema and theatre, and at the top of the hill, Wimbledon village is a picturesque retreat from the bustle of London.
There are excellent cycle lanes in the area, along with secure bike storage at the property, making it even easier to travel across the area. Having the transport options of National Rail from Earlsfield and Haydons Road, the Northern line from Tooting Broadway and the District Line from Wimbledon Park gives a huge amount of flexibility, and means that my journey is always straightforward, regardless of where I need to travel. The variety of neighbourhoods just a stone’s throw from the flat make the location ideal for practically any pursuit.
Gia – 52m²
Bedroom 1 – 8.03m²
• Carpeted
• Fitted Wardrobe
Bathroom/WC – 4.64m²
• Fully Tiled
• Overhead & Handheld Shower
• Mirror Cabinet
• Heated Towel Rail
Kitchen – 11.63m²
Lounge – 14m²
Outside
• Balcony
Further Info
Tenure: Leasehold
Rent review Period: April
Lease Length: 122 years approx
Council Tax Band: C
Energy Efficiency Rating – B
Eligibility
• You must be at least 18 years old
• You should live or work in the London Borough of Merton
• Outside of London your annual household income must be less than £80,000
• In London, your annual household income must be less than £90,000
• You cannot own another home. Shared Ownership purchasers are often first-time buyers but if you do already own another property (either in the UK or abroad), you must be in the process of selling it
• You should not be able to afford to buy a home suitable for your housing needs on the open market.
• You must show you are not in mortgage or rent arrears
• You must be able to demonstrate that you have a good credit history (no bad debts or County Court Judgements) and can afford the regular payments and costs involved in buying a home.
Sale Price and Equity
Full market value: £425,000
Monthly net rent: £563.75
Share available: 40%
Monthly service charge: £182.99
Share price: £170,000
Council Tax rates payable: £1607.65
Ground Rent: N/A
The rent review is every April. Quoted rental figures are based on the 2022/23 financial year.
