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2 bedroom apartment for sale

Available

Ferndale Crescent, Carshalton, London, SM5 2FN

£240,000 Shared Ownership Resale

Share percentage 75%, full price £320,000, £24,000 Min Deposit.

Available
2 bedrooms
1 Bathroom
Private Balcony/Terrace
Parking
Floor plan
floor-plan
Floor plan
floor-plan
£240,000 Shared Ownership Resale

Share percentage 75%, full price £320,000

Monthly Cost: £1,598

Rent £173, Service charge £146, Mortgage £1,279*

Calculated using a representative rate of 5.13%

Calculate estimated monthly costs

£
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Summary

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

Description

A stylishly-presented, two-bedroom flat on the top (second) floor of this modern development. The south-east-facing property has a good-sized reception room with semi-open-plan kitchen and a door that leads out onto the balcony. There is a large main bedroom plus a second double bedroom which features attractive wood panelling. The bathroom is spacious and a pair of storage/utility cupboards have been provided in the entrance hall. Well insulated walls and roof, modern double glazing and a communal heating/hot water system make for a good energy-efficiency rating. Hackbridge is the nearest station and is a comfortable walking distance or short cycle ride away. Carshalton Station is also within easy reach. The development has communal parking.

SHARED OWNERSHIP (Advertised price represents 75% share. Full market value £320,000).

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [http://bit.ly/2JD83Rq]

(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 01/01/2014).
Share Available: 75% (£240,000).
Shared Ownership Rent: £173.38 per month (subject to annual review).
Service Charge: £146.82 per month (subject to annual review).
Ground Rent: £250.00 for the year.
Guideline Minimum Household Income: Dual - £53,200 | Single - £61,000 (based on minimum share and 10% deposit).
Council Tax: Band C, London Borough of Sutton. Priority may be given to applicants that currently live and/or work 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).

Key Features
  • Guideline Minimum Deposit £24,000
  • Guide Min Income Dual £53.2k | Single £61k
  • Second (Top) Floor
  • Approx. 768 Sqft Gross Internal Area
  • Semi-Open-Plan Kitchen/Reception Room
  • South-East-Facing Balcony
  • Two Good-Sized Double Bedrooms
  • Good Energy-Efficiency Rating
  • Communal Parking
  • Walking Distance to Hackbridge Station
Particulars

Tenure: Leasehold
Council Tax Band: C

Property Downloads
Key Information Document Floor Plan Brochure
Register your interest
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.

£240,000
Shared Ownership Resale
Estimated Monthly Cost:£1,598
Rent £173
Service £146
Mortgage £1,279

Share percentage 75%, full price £320,000, £24,000 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.