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£235,000
Bedrooms
Bathrooms
Reception
EWS1 form completed, B1
50% Shared Ownership
Communal Garden
Gas Central Heating
Close to Train Station
Chain Free
This 1 bedroom property is for sale using the Shared Ownership scheme. Shared Ownership is another way to buy your home. You buy a percentage and pay rent on the rest. Guinness owns part of it - but you are living there, you decorate it and decide when to sell. Buying a percentage means a smaller deposit and a smaller mortgage. It's a sooner first step on the ladder for lots of people.
This 3rd Floor flat in the heart of Brixton benefits from a spacious open-plan living area, balcony (enough space to grows plants & have seating) & is just a short walk away (5 mins) from the vibrancy of Brixton Village.
This flat benefits from great storage space, including a built-in wardrobe, plus a large utility room.
The flat will be sold with white goods, including a dishwasher, washing machine & tumble dryer, oven & hobs. The flat is also very secure, being on the third floor & benefitting from a 3-point door locking system.
Floor-to-ceiling windows ensure plenty of natural light but modern insulation methods (EPC rating of B) ensures the flat stays comfortable all year round. The flat also benefits from an air ventilation system that filters & pumps out stale air & replenishes it with fresh air from the outside...
5-minute walk to Brixton Village (great markets, restaurants & shops), 10-minute walk to Brixton station (underground & overground), 10-minute walk to Brixton Market, 10-minute walk to Loughborough Junction station, 12-minute walk to the Ritzy Cinema, 10-minute walk to Brockwell Park, 12 minute walk to Sainsbury's, 3 minute walk to Evelyn Grace academy, 5 minute walk to Hill Mead primary school...
For viewing arrangement, please use TheHomeAgents online viewing system.
If calling, please quote reference: SW9 8FS7076
GDPR: Applying for above property means you are giving us permission to pass your details to the vendor or landlord for further communication related to viewing arrangement or more property related information. If you disagree, please write to us in the message so we do not forward your details to the vendor or landlord or their managing company.
MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing on the sale.
General: While we endeavor to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact TheHomeAgent and we will be pleased to check the position for you, especially if you are contemplating traveling some distance to view the property.
*Disclaimer for virtual viewings
*Some or all information pertaining to this property may have been provided solely by the vendor, and although we always make every effort to verify the information provided to us, we strongly advise you to make further enquiries before continuing.
If you book a viewing or make an offer on a property that has had its valuation conducted virtually, you are doing so under the knowledge that this information may have been provided solely by the vendor, and that we may not have been able to access the premises to confirm the information or test any equipment. We therefore strongly advise you to make further enquiries before completing your purchase of the property to ensure you are happy with all the information provided.
Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering any household goods, carpets or any built-in furniture.
Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers or tenant to commission their own survey or service reports before finalizing their offer to purchase.
Disclaimer for virtual viewings : If you choose to make an offer based solely on a virtual viewing, then TheHomeAgents Ltd does not accept any liability for errors in the
information provided, including but not limited to, measurements, photography and video content. Should you decide to make an offer on
a property, you accept that any representations made in relation to the property are based on virtual information provided by the
Vendor only. TheHomeAgents is not responsible for this information or its accuracy. If in any doubt, you should make additional inquiries before
completion.
Disclaimer: TheHomeAgents is the seller's agent for this property. Your conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. We make detailed enquiries of the seller to ensure the information provided is as accurate as possible.
Please inform us if you become aware of any information being inaccurate.
Map location is not available for this property.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
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