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1 bedroom apartment for sale
Key information
Property description & features
- Tenure: Leasehold (83 years remaining)
- Modern Shared Ownership home
- Double bedroom
- Second floor
- Approx. 0.3 miles from Colliers Wood underground
- Open plan living space
- Less than 3 miles from Wimbledon Park and Tennis Club
This superb modern apartment is available to buy from as little as £195,000 with a 65% share!
This second floor apartment features a spacious living/dining room which opens through to a fitted kitchen. The home further benefits from a double bedroom and bathroom.
Colliers Wood is 7 miles south-west of central London, in the Borough of Merton. Neighbouring areas include Wimbledon and Tooting. Colliers Wood High Street connects directly to the main A24 road north into the city – or south to the Surrey countryside.
A 5-minute walk from Park Road is Colliers Wood Underground Station, with frequent Northern line trains to central London – just 23 minutes to London Bridge or Charing Cross. The area is also well connected for bus, rail and cycle transport, and for London’s international airports.
Colliers Wood High Street retains a traditional mix of small local retailers and services, centred around the Underground station. By contrast, some of the UK’s biggest and best-known stores are found just along the street in the modern Priory Retail Park and Tandem Centre – including Sainsbury’s, M&S, Currys PC World, Next, Clarks, TK Maxx, Argos, Sports Direct and Boots. Neighbouring Wimbledon has a smart shopping district, including two department stores and the Centre Court mall. Also nearby is Merton Abbey Mills, a unique collection of independent artisans and boutiques, housed in the charming Victorian mill buildings of the William Morris works.
PRICING & AFFORDABILITY
Full Market Value: £300,000
65% Share Price: £195,000 (rent £293.79 pcm)
Minimum 5% Mortgage Deposit (65% share): £9,750
Service Charge: £188.01 pcm
Lease Remaining: 84 years
Council Tax Band: C
ELIGIBILITY
Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.
To be eligible for shared ownership you would need to meet the following criteria:
• Your annual household income does not exceed £90,000.
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.
*Service charges are estimated and may subject to change.
* This home can also be purchased outright (100% of the value) which is £300,000 and a purchaser would not need to meet the eligibility criteria listed above.
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Property reference SDO230741. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by SOWN - National.
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Broadband availability and predicted speed: obtained from Ofcom on January 4, 2024
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Super-fast: Between 30 Mbit/s and 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on January 4, 2024
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on August 16, 2023 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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