1 bedroom apartment for sale

Available

Bagleys Lane, Fulham, London, SW6 2FW

£117,500 Shared Ownership Resale

Share percentage 25%, full price £470,000, £11,750 Min Deposit.

Available
1 bedroom
1 Bathroom
Floor plan
floor-plan
Floor plan
floor-plan
£117,500 Shared Ownership Resale

Share percentage 25%, full price £470,000

Monthly Cost: £1,069

Rent £322, Service charge £164, Mortgage £583*

Calculated using a representative rate of 4.42%

Calculate estimated monthly costs

£
Summary

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

Description

This ground floor apartment is accessed via a private entrance and features an approximately twenty-four-foot reception room with open-plan kitchen at one end and double doors leading out to a south-west-facing patio at the other. There is a good-sized bedroom, a spacious, naturally-lit bathroom and some useful, built-in storage. Well insulated walls, modern double glazing and gas central heating make for a good energy-efficiency rating. The development has a a pleasant communal garden, just beyond the rear patio, and is just minutes away from Imperial Wharf Station. Chelsea Harbour Pier, for Thames Clipper services, and the riverside Imperial Park are also very close.

SHARED OWNERSHIP (Advertised price represents 25% share. Full market value £470,000).

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/yx28ts9p]

(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 01/06/2009).
Minimum Share: 25% (£117,500). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £322.41 per month (subject to annual review).
Service Charge: £164.37 per month (subject to annual review).
Ground Rent: £150.00 for the year.
Guideline Minimum Income: Dual - £32,800 | Single - £39,100 (based on minimum share and 10% deposit).
Council Tax: Band C, London Borough of Hammersmith & Fulham. 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 however the vendor informs us that they have rented a space for the last couple of years, via the concierge.

Key Features
  • Guideline Minimum Deposit £11,750
  • Guide Min Income Dual £32.8k | Single £39.1k
  • Ground Floor with Private Entrance
  • Approx. 503 Sqft Gross Internal Area
  • Dual Aspect Kitchen/Reception Room
  • Spacious, Naturally-Lit Bathroom
  • Modern Double Glazing and Gas Central Heating
  • Front and Rear Patios
  • Communal Garden
  • Minutes from Imperial Wharf Station
Particulars

Tenure: Leasehold
Council Tax Band: C

Property Downloads
Floor Plan Brochure Energy Certificate
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.

Read More Read Less
  • 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.

£117,500
Shared Ownership Resale
Estimated Monthly Cost:£1,069
Rent £322
Service £164
Mortgage £583

Share percentage 25%, full price £470,000, £11,750 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.