Apsley House
2 bedroom homes for sale in London SW15 5EY, London, SW15 5EY
Scheme | Shared ownership |
Availability | For sale |
Minimum share price from | £375,000 for a 75% share |
Full price from | £500,000 |
Minimum deposit from | £18,750 |
Monthly rent from | £309 |
Service charge from | £319 |
Council tax band | E |
Bedrooms | 2 |
Bathrooms | 2 |
Features |
- Off street parking
|
Overview
This superb modern home is available to buy from as little as £375,000 with a 75% share!
This bright and spacious apartment is on the third floor of this modern development and benefits from a private south facing balcony. The larger than average accommodation provides two double bedrooms, two bathrooms and an open plan kitchen/living/dining space. This property benefits from allocated parking for one car.
Queen Mary's Place is a brilliant development of apartments and houses, with a residents' gym, security, and communal gardens including picturesque grade two listed gardens. This apartment is situated in a great part of Southwest London, set within easy reach of Putney, Wimbledon, Barnes Station and beautiful Richmond Park. The bus links are also very well-connected offering access to Victoria, central London and Southwest London.
PRICING & AFFORDABILITY
Full Market Value: £500,000
75% Share Price: £375,000 (rent £308.72pcm)
Minimum 5% Mortgage Deposit (% share): £18,750
Approximate Service Charges: £319.10pcm*
Shared Ownership Lease: approx. 250 years (extended on completion)
Council Tax Band: E
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 £500,000 and a purchaser would not need to meet the eligibility criteria listed above.