1 bedroom apartment for sale
Mornington House, Atkinson Close, London, SW20 0DB
Share percentage 25%, full price £510,000, £12,750 Min Deposit.
Share percentage 25%, full price £510,000
Monthly Cost: £1,638
Rent £770, Service charge £235, Mortgage £633*
Calculated using a representative rate of 4.42%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a Large One Bedroom Flat on a Shared Ownership (Part Buy/Part Rent) Basis
Description
A great chance to buy a large, one-bedroom flat in a development bordering Wimbledon Hill Park. Several detached blocks have been constructed, in an attractive period style, around an elegant communal garden. The property available is on the ground floor of Mornington House and has a twenty-seven-foot reception room with open-plan kitchen featuring sleek, handle-less units and integrated appliances. A door leads from the living room area out to a private patio. The bedroom is generously sized, the bathroom simple yet stylish and a pair of storage/utility cupboards have been provided in the entrance hall. Well insulated walls and floor, high performance glazing and a communal heating/hot water system all contribute towards a very good energy-efficiency rating. Cannizaro Park and Beverley Meads Nature Reserve lie to the north, Raynes Park Station is within comfortable walking distance, or brief cycle ride, south and Wimbledon Station, plus the Wimbledon Quarter Shopping Centre, can be easily reached via local bus.
SHARED OWNERSHIP (Advertised price represents 25% share. Full market value £510,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/y7bmkccd]
(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: Clarion.
Tenure: Leasehold (125 years from 25/12/2019).
Minimum Share: 25% (£127,500). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £770.13 per month (subject to annual review).
Service Charge: £234.81 per month (subject to annual review).
Guideline Minimum Income: Dual - £57,100 | Single - £65,600 (based on minimum share and 10% deposit).
Council Tax: Band D, London Borough of Merton. 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 may be permitted but only with prior consent from Clarion (which, unfortunately, can only be obtained once you are the property owner). There is no parking space offered with this property.
Key Features
- Guideline Minimum Deposit £12,750
- Guide Min Income Dual £57.1k | Single £65.6k
- Ground Floor
- Approx. 625 Sqft Gross Internal Area
- Spacious, Open-Plan Kitchen/Reception
- Very Good Energy Efficiency Rating
- Private Patio Area
- Communal Garden
Particulars
Tenure: Leasehold
Council Tax Band: D
Property Downloads
Key Information Document Floor Plan BrochureThe ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together, rent, service charge and mortgage.
- Rent: this is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes)
- Service Charge: covers maintenance costs for the property as a whole and communal areas
- Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.
NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.
Share percentage 25%, full price £510,000, £12,750 Min Deposit. Calculated using a representative rate of 4.42%
Calculate estimated monthly costs