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Dowding House, 22 West Barnes Lane, Merton, London SW20 0BN

  • 1 Bedroom
  • 40% share available
  • Call 0203 815 2222 to book a viewing.

Fourth floor, one bedroom home in the London borough of Merton for £148,000, 40% share of £370,000 full market price, available through Shared Ownership.

Monthly Fees
Monthly Mortgage*: £748.57
Monthly Rent: £408.18
Notting Hill Administration Fee: £13.50
Service Charge**: £164.00

Estimated Total (per month): £1,334.25 excluding council tax

*Estimate – The monthly mortgage is based on an interest rate of 4.5% with a capital and interest repayment over 25 years. It is based on a 10% mortgage. The rent may increase each year, the increase calculation will be specified in the lease.

**Estimate – Service charge payable to Mainstay Residential

£148,000 (40% share price of £370,000)

Key Features

  • Hallway
  • Storage cupboard
  • Balcony

Ground floor
Entrance hallway, bathroom, bedroom and kitchen/reception

External
Stairs, lift, balcony

GIA
45 sq. m

EPC rating
B

Length of lease
92

Borough
Merton

Download floorplan

Eligibility

You will need to be earning a guidance income of £48,081. You will need access to savings of at least £4000 to cover the cost of buying the home. A minimum 10% deposit approx. £14,800. Total approximate savings required £18,800.

Important borough specific eligibility criteria

Merton
Applicants from all London boroughs can apply with priority given to Merton applicants.

Applicants must be earning under £90,000 to be eligible for one, two and three bedroom apartments.

If you are an existing homeowner we will not be able to allocate you a home unless you have found a buyer for your existing home and are deemed to be in need of housing by your local council.

Details correct as at 19/09/2018

Prices

Number of Beds 1
Full market price £370,000
Ownership 40% share available
Rent £408.180000 pcm
Guidance household income £48,081
Status Available Now
Service charge £164

Location and local area

Local Transport

Overground
Raynes Park (350 m)