- 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 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)
- Parking Space
Entrance hallway, open plan living room/kitchen, bedroom, bathroom/WC
65 square metres (699 sq ft) as per RICS valuation
Length of lease
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 10/07/2018
|Number of Beds||1|
|Full market price||£265,000|
|Ownership||30% share available|
|Guidance household income||£30,997|
this development is provided by Notting Hill Sales
Notting Hill Sales is the trading name of Notting Hill Home Ownership and related companies.
Location and local area
Mitcham Junction (2.25km)
Mitcham Eastfields (1.6km)