1 bedroom apartment for saleTalbot Close, Mitcham
- 1 Bedroom Apartment
- Shared Ownership
- 30% at £73,500 (Full value £245,000)
- Allocated Parking
- 92 Tears Lease
- Close to Mitcham Eastfileds Rail Station
- Excellent FTB
- Attractive Modern Development
- EER - C
First time buyers dream two ways to buy, a fantastic top floor one bedroom apartment located adjacent to Mitcham common and within easy reach of the town centre, Mitcham Junction and Eastfields train station. This lovely spacious flat offers very large open plan kitchen lounge with door leading onto it`s own balcony, another bonus included is own allocated parking space, Further benefits include a 92 year lease..
OR ( if required you can also purchase a 30% share available, share price £73,500 - Full market value £245,000)
LIVING ROOM / KITCHEN 23' 10" x 12' 2" (7.26m x 3.71m)
BEDROOM 14' 9" x 12' 10" (4.5m x 3.91m)
BALCONY 16' 6" x 4' 2" (5.03m x 1.27m)
IMPORTANT NOTE Please note that all measurements are approximate. We have not tested any services or appliances at this property. We strongly recommend that all the information which we provide is verified by yourself on inspection, by your Surveyor and also your Conveyancer.
VIEWING BY APPOINTMENT ONLY:
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.
£74,500 (30% share price of £245,000)
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.
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