1 bedroom apartment for sale

Available

Woods House, 7 Gatliff Road, London, SW1W 8DE

£125,000 Shared Ownership Resale

Share percentage 25%, full price £500,000, £12,500 Min Deposit.

Available
1 bedroom
1 Bathroom
Communal Garden
Floor plan
floor-plan
Floor plan
floor-plan
£125,000 Shared Ownership Resale

Share percentage 25%, full price £500,000

Monthly Cost: £1,889

Rent £958, Service charge £311, Mortgage £620*

Calculated using a representative rate of 4.42%

Calculate estimated monthly costs

£
Summary

A Fantastic Opportunity to Purchase a One Bedroom Apartment on a Shared Ownership (Part Buy/Part Rent) Basis

Description

A well-presented property on the third floor of this modern apartment block. The twenty-five-foot reception room has a semi-open-plan kitchen at one end and a west/south-west-facing Juliette balcony at the other. The balcony offers a very pleasant view of the neatly-kept communal garden. There is a fitted wardrobe in the spacious bedroom and the bathroom is sleek and fully tiled. Well insulated walls, modern double glazing and a communal heating/hot water system make for a very good energy-efficiency rating. Woods House is part of the Grosvenor Waterside development located near the Thames. Just to the south, over Chelsea Bridge, are the green spaces, sports facilities and boating lake of Battersea Park while to the north lie Sloane Square and Victoria. Both the block and wider development are very well maintained and make for an extremely desirable property.

SHARED OWNERSHIP (Advertised price represents 25% share. Full market value £500,000).

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/3jk5upuh]

(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: A2Dominion.
Tenure: Leasehold (125 years from 18/03/2009).
Minimum Share: 25% (£125,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £957.78 per month (subject to annual review).
Service Charge: £311.39 per month (subject to annual review).
Water Charge: £29.98 per month (subject to annual review).
Guideline Minimum Income: Dual - £65,700 | Single - £75,700 (based on minimum share and 10% deposit).
Council Tax: Band D, Westminster City Council. 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 not permitted (except assistance animals). There is no parking space offered with this property.

Key Features
  • Guideline Minimum Deposit £12,500
  • Guide Min Income Dual £65.7k | Single £75.7k
  • Third Floor (building has a lift)
  • Approx. 488 Sqft Gross Internal Area
  • Juliette Balcony
  • Overlooks Communal Garden
  • Part of Grosvenor Waterside Development
  • Close to Chelsea Bridge
  • Short Walk to Sloane Square (Circle/District line)
  • Victoria Station within Easy Reach
Particulars

Tenure: Leasehold
Council Tax Band: D

Property Downloads
Floor Plan Brochure
Monthly Cost Calculator

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together, rent, service charge and mortgage.

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  • 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.

£125,000
Shared Ownership Resale
Estimated Monthly Cost:£1,889
Rent £958
Service £311
Mortgage £620

Share percentage 25%, full price £500,000, £12,500 Min Deposit. Calculated using a representative rate of 4.42%

Disclaimer
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.