SHARED OWNERSHIP
Brooklands Court
(Share Price (40%) - £206,000
Full Value Price £515,000
SHARED OWNERSHIP
Brooklands Court
(Share Price (40%) - £206,000
Full Value Price £515,000
restuarants and shops.
- Nearest Station: Wandsworth Road Rail Station & Clapham Common underground station
- Bus routes nearby: 77, 87, 452, 88, 417, 137, 156
- Entrance: Hallway with large fitted storage cupboard. Oak-effect laminate flooring
- Living Room: Spacious living area with leading to private balcony with loads of natural light. Oak-effect laminate flooring.
- Kitchen: light brown wood base and wall units with grey laminate worktop and tiled splashback. Integrated oven Zanussi oven. Spaces for fridge freezer and dishwasher. Cream vinyl flooring. A new boiler was installed in 2022, covered by a 10 year warranty period
- Bedroom 1: Large double bedroom with double fitted wardrobe and oak wood flooring.
- Bedroom 2: Double bedroom with cream carpet flooring.
- Bathroom: Shower room with full height tiling and white bathroom suite and large mirrored cupboard and light.Hand towel rail. Grey tile flooring.
- Outside: Private balcony.
What happens after I register my interest?
What is Shared Ownership?
Through Shared Ownership you can buy up to 75% of the property, paying a low-cost rent on the remaining unpurchased 'share' of the home. What's more, your mortgage deposit is based on the value of the share you buy, not the full market value, making these homes even more affordable than buying through private sale. With resale properties, you must purchase your first share at the percentage the existing leaseholder owns or more.
Financial information
- Tenure: Leasehold
- Remaining lease term: 82 Years
- Annual service charge amount: £2494.92
- Annual ground Rent: 0
- Ground rent review period: No ground rent to pay until final staircasing.
- Service charge review period: 1st April annually
- Council tax band: Band D
Financials*
Full Value
£515,000
Share Price
£206,000
Share Value
40%
Monthly Cost
£2,048
Monthly Mortgage
£1,112
Monthly Rent
£728
Monthly Service Charge
£208
Minimum Household Income
£80,000
Maximum Household Income
£90,000
Deposit Required
£20,600
*The monthly mortgage, monthly rent, minimum household income and deposit required are all guide figures and will vary depending on your personal circumstances and the mortgage you are able to secure. Please note that applicants will be expected to purchase the maximum share that is sustainable for them. Applicants will be required to attend a financial interview with a Mortgage Advisor appointed by Peabody to assess affordability in line with Affordable Homes guidelines set by the HCA/GLA. Speak to a member of the Peabody New Homes team for more details.
Location
7 Brooklands Court, 460 Wandsworth Road, London, Lambeth, SW8 3LX Open in Google Maps