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1 bedroom apartment for sale

Available

Ironside Court, 8 Southcott Road, Teddington, TW11 0BY

£144,000 Shared Ownership Resale

Share percentage 40%, full price £360,000, £14,400 Min Deposit.

Available
1 bedroom
1 Bathroom
Parking
Floor plan
floor-plan
Floor plan
floor-plan
£144,000 Shared Ownership Resale

Share percentage 40%, full price £360,000

Monthly Cost: £1,508

Rent £522, Service charge £219, Mortgage £767*

Calculated using a representative rate of 5.13%

Calculate estimated monthly costs

£
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Summary

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

Description

A well-proportioned and well-presented flat in this modern development. The property has a dual-aspect reception room with south/south-east-facing Juliette balcony overlooking an area of communal lawn at the rear of the building. The kitchen is open-plan, there is a spacious bedroom with fitted wardrobe and a good-sized bathroom. A pair of storage/utility cupboards have been provided in the entrance hall and well insulated walls, modern double glazing and gas central heating make for a good energy-efficiency rating. Ironside Court is very close to Bushy/Hampton Court Park and only a few minutes walk from Hampton Wick Station. Just over the river is The Bentall Centre, along with an excellent range of other shops plus cafes, restaurants, IMAX cinema etc. The flat comes with use of an allocated parking space.

SHARED OWNERSHIP (Advertised price represents 40% share. Full market value £360,000).

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/bdz7jx9c]

(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 01/09/2008).
Minimum Share: 40% (£144,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £522.12 per month (subject to annual review).
Service Charge: £219.37 per month (subject to annual review).
Guideline Minimum Income: Dual - £48,800 | Single - £55,900 (based on minimum share and 10% deposit).
Council Tax: Band C, London Borough of Richmond Upon Thames. 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).

Key Features
  • Guideline Minimum Deposit £14,400
  • Guide Min Income Dual £48.8k | Single £55.9k
  • First Floor (building has a lift)
  • Approx. 555 Sqft Gross Internal Area
  • Dual Aspect Reception Room
  • Juliette Balcony
  • Modern Double Glazing and Gas Central Heating
  • Parking Space
  • Short Walk from Hampton Wick Station
  • Bushy Park and Hampton Court Park Nearby
Particulars

Tenure: Leasehold
Council Tax Band: C

Property Downloads
Floor Plan Brochure
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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.

£144,000
Shared Ownership Resale
Estimated Monthly Cost:£1,508
Rent £522
Service £219
Mortgage £767

Share percentage 40%, full price £360,000, £14,400 Min Deposit. Calculated using a representative rate of 5.13%

Calculate estimated monthly costs

£
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.