- 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 squ. m 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 19/09/2018
|Number of Beds||1|
|Full market price||£265,000|
|Ownership||30% share available|
|Guidance household income||£30,997|
Location and local area
Mitcham Junction (2.25km)
Mitcham Eastfields (1.6km)