Map2 bedroom apartment for sale
Time House, 71 Plough Road, London
Apartment
2 beds
2 baths
Key information
Tenure: Leasehold | unconfirmed share | 116 yrs left
Service charge: £1,923.60 per annum
Council tax: Band D
Broadband: Super-fast 247Mbps *
Mobile signal:
EEO2ThreeVodafone
Features and description
- Tenure: Leasehold (116 years remaining)
- Modern Shared Ownership home
- Private Garden
- Moments away from Clapham Junction train station
- Two double bedrooms
- Bathroom and en suite
- Fantastic location
Shared Ownership
This superb modern apartment is available to buy from as little as £280,500 with a 55% share!
A well presented, bright and spacious ground floor apartment with private garden, situated in a fantastic location. Accommodation comprises open plan kitchen/reception room, family bathroom and two double bedrooms with built in wardrobe and en suite to the main bedroom. The property further benefits from a private garden and a large communal roof terrace
Time House is very well located for a short walk to Clapham Junction, for both Clapham and Wandsworth Commons and the vast array of local amenities located on St. John's Hill and Northcote Road.
PRICING & AFFORDABILITY
Approximate Size 68.4 sq m
Full Market Value: £510,000
55% Share Price: £280,500 (rent £682.94 pcm)
Minimum 5% Mortgage Deposit (55% share): £14,025
Approximate Service Charges: £160.30 pcm*
Shared Ownership Lease: approx. 117 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 £510,000 and a purchaser would not need to meet the eligibility criteria listed above.
This superb modern apartment is available to buy from as little as £280,500 with a 55% share!
A well presented, bright and spacious ground floor apartment with private garden, situated in a fantastic location. Accommodation comprises open plan kitchen/reception room, family bathroom and two double bedrooms with built in wardrobe and en suite to the main bedroom. The property further benefits from a private garden and a large communal roof terrace
Time House is very well located for a short walk to Clapham Junction, for both Clapham and Wandsworth Commons and the vast array of local amenities located on St. John's Hill and Northcote Road.
PRICING & AFFORDABILITY
Approximate Size 68.4 sq m
Full Market Value: £510,000
55% Share Price: £280,500 (rent £682.94 pcm)
Minimum 5% Mortgage Deposit (55% share): £14,025
Approximate Service Charges: £160.30 pcm*
Shared Ownership Lease: approx. 117 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 £510,000 and a purchaser would not need to meet the eligibility criteria listed above.
Property information from this agent
About this agent
Evolved from Leaders Romans Group in 2018, SOWN is a dedicated shared ownership brand. We provide a full sales and marketing service on behalf of Housing Associations across the UK, for both new-build and re-sale shared ownership homes. Our specialist team focuses exclusively on shared ownership, which allows us to give the shared ownership market the attention it deserves. We're currently operating out of hubs in Wokingham, London and Nottingham. At SOWN, we take care of everything. As part of the 40-year-strong Leaders Romans Group, we offer a comprehensive range of property services for landlords, buyers, sellers, property developers and Housing Associations. Whether it's residential sales and auctions, mortgages and financial advice, build to rent, new homes, surveys, lettings, or planning and architecture; our experts will guide you every step of the way. Our formula for getting shared ownership right is setting up dedicated and highly experienced teams for every stage of the process. Our Pre-sales team handles all enquiries, which are then passed onto the Move Managers (sales progressors). We can also provide buyers with access to surveyors, legal services and our specialist mortgage advisor, Mortgage Scout, for support and up-to-the-minute advice. Ready to start your shared ownership journey? To find out how SOWN can help you find your dream home, contact us today.
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