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Oak Lodge, Talbot Close , Mitcham, CR4 1FF

  • 1 Bedroom
  • 30% share available
  • Call 0203 815 2222 to book your appointment.

One bedroom third floor flat in the London Borough of Merton, available to buy through Shared Ownership. Full market value £265,000 30% share available, share price £79,500.

Monthly Fees
Monthly Mortgage**: £402.11
Monthly Rent: 313.27
NHHO Service Charge*: 128.13
Council Tax: £105.17
Ground Rent: £16.67

Estimated total outgoings: £860.18 (excluding council tax)

*Service Charge payable to Notting Hill
**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 90% mortgage The rent may increase each year, the increase calculation will be specified in the lease.

 

£79,500 (30% share price of £265000)

Key Features

  • Parking Space

Third floor
Entrance hallway, open plan living room/kitchen, bedroom, bathroom/WC

External
Allocated Parking

GIA
65 squ. m as per RICS valuation

Accessibility rating
E

EPC rating
C

Length of lease
92 years

Borough
Croydon

Download floorplan

Eligibility 

You will need to be earning a guidance income of £30,997. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £7,950. Total approximate savings required £11,950

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 £265,000
Ownership 30% share available
Rent £313.270000 pcm
Guidance household income £30,997
Status Available Now
Service charge £128.13

Location and local area

Local Transport

London Underground
Mitcham Junction (2.25km)

National Rail
Mitcham Eastfields (1.6km)