£157,500
1 bed flat for saleTrevelyan Road, London SW17
1 bed
1 bath
1 reception
EPC Rating: C
Just added
Shared ownership
Chain free
Leasehold
About this property
Modern shared ownership apartment
One double bedroom
First floor
Communal roof terrace
No onward chain
Close to amenities & station
Shared Ownership
This superb modern home is available to buy from as little as with a £157,500 with a 45% share!
A beautifully presented one bedroom first floor apartment located in the heart of Tooting, close to amenities with access to a communal roof terrace . The apartment benefits from natural light throughout with accommodation comprising entrance hall with built in storage, bathroom, double bedroom, fitted kitchen and a living/dining room. The property is offered to the market with no onward chain complications.
The property is located in a residential area close to all local amenities including shops, pubs, restaurants, and cafes.
Tooting Broadway tube station is a 7-minute walk away and Tooting train station is roughly a 10-minute walk away. Tooting market and high street are also only a short walk from the property.
Pricing & affordability
Full Market Value: £350,000
45% Share Price: £157,500 (rent £518.87 pcm)
Minimum 5% Mortgage Deposit (45% share): £7,875
Approximate Service Charges: £140.42 pcm*
Shared Ownership Lease: Approx. 88 years
Council Tax Band: C
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 £350,000 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 with a £157,500 with a 45% share!
A beautifully presented one bedroom first floor apartment located in the heart of Tooting, close to amenities with access to a communal roof terrace . The apartment benefits from natural light throughout with accommodation comprising entrance hall with built in storage, bathroom, double bedroom, fitted kitchen and a living/dining room. The property is offered to the market with no onward chain complications.
The property is located in a residential area close to all local amenities including shops, pubs, restaurants, and cafes.
Tooting Broadway tube station is a 7-minute walk away and Tooting train station is roughly a 10-minute walk away. Tooting market and high street are also only a short walk from the property.
Pricing & affordability
Full Market Value: £350,000
45% Share Price: £157,500 (rent £518.87 pcm)
Minimum 5% Mortgage Deposit (45% share): £7,875
Approximate Service Charges: £140.42 pcm*
Shared Ownership Lease: Approx. 88 years
Council Tax Band: C
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 £350,000 and a purchaser would not need to meet the eligibility criteria listed above.
More information
Tenure
Leasehold (88 years)
Service charge
£1,685 per year
Council tax band
A band has not yet been confirmed.
Ground rent
Ground rent date of next review
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