£135,000
1 bed flat for salePalace Road, London SW2
1 bed
1 bath
1 reception
EPC Rating: B
Just added
Shared ownership
Chain free
Leasehold
About this property
Modern shared ownership apartment
Top floor
Double bedroom with fitted wardrobes
Bathroom
Open plan kitchen/living space
Balcony
No onward chain
Shared Ownership
This superb modern home is available to buy from as little as £135,000 with a 30% share!
Offered to the market with no onward chain complications is this beautifully presented bright and spacious top floor apartment. This property provides a superb open plan kitchen/dining/living space with double doors opening on to a large balcony with pleasant views. There is a good size double bedroom with a built in wardrobe and a bathroom.
This property is conveniently located approximately 1.4 miles from central Brixton and 1.3 miles from Streatham High Road. Both locations offer a variety of amenities, shops and eateries.
The closest train station is Streatham Hill which offers regular services across London. Brixton Underground is also nearby.
Pricing & affordability
Full Market Value: £450,000
30% Share Price: £135,000 (rent £860.51 pcm)
Minimum 5% Mortgage Deposit (30% share): £6,750
Approximate Service Charges: £111.67 pcm*
Lease: 120
Eligibility
Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.
To be eligible for shared ownership you would need to meet the following criteria:
• Your annual household income does not exceed £90,000.
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.
*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.
** This home can also be purchased outright (100% of the value) which is £450,000 and a purchaser would not need to meet the eligibility criteria listed above.
This superb modern home is available to buy from as little as £135,000 with a 30% share!
Offered to the market with no onward chain complications is this beautifully presented bright and spacious top floor apartment. This property provides a superb open plan kitchen/dining/living space with double doors opening on to a large balcony with pleasant views. There is a good size double bedroom with a built in wardrobe and a bathroom.
This property is conveniently located approximately 1.4 miles from central Brixton and 1.3 miles from Streatham High Road. Both locations offer a variety of amenities, shops and eateries.
The closest train station is Streatham Hill which offers regular services across London. Brixton Underground is also nearby.
Pricing & affordability
Full Market Value: £450,000
30% Share Price: £135,000 (rent £860.51 pcm)
Minimum 5% Mortgage Deposit (30% share): £6,750
Approximate Service Charges: £111.67 pcm*
Lease: 120
Eligibility
Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.
To be eligible for shared ownership you would need to meet the following criteria:
• Your annual household income does not exceed £90,000.
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.
*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.
** This home can also be purchased outright (100% of the value) which is £450,000 and a purchaser would not need to meet the eligibility criteria listed above.
More information
Tenure
Leasehold (120 years)
Service charge
£1,340 per year
Council tax band
A band has not yet been confirmed.
Ground rent
Ground rent date of next review
.png){kind=logo}