- 1 Bedroom
- 75% share available
- Call 0203 815 1234 to book a viewing.
Second floor, one bedroom home in the London borough of Merton for £270,000 (75% share of £360,000 full market price, available through Shared Ownership.
Monthly Mortgage: *£1,365.64
Monthly Rent: £110.64
NHHO Service Charge: £125.42
Council Tax: £108.75
Estimated Total (per month): £1,601.70 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 an 10% mortgage. The rent may increase each year, the increased calculation will be specified in the lease
£270,000 (75% share price of £360,000)
- Allocated parking space
- Fully gas central heated
Entryphone system to communal hallway, passenger lift and stairwell
Bedroom, reception/kitchen, hallway, bathroom with WC
One allocated parking space
47 sq. m
Length of lease
You will need to be earning a guidance income of £57,719 You will need access to savings of at least £4000 to cover the cost of buying the home. A minimum 10% deposit approx.. £27,000 Total approximate savings required £31,000
Important borough specific eligibility criteria
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
|Number of Beds||1|
|Full market price||£360,000|
|Ownership||75% share available|
|Guidance household income||£57,719|
Location and local area
Raynes Park Railway Station (0.48km)