Chenille Court, 40 Hackbridge Road, Wallington

Property Details: - Type: Apartment - Bedrooms: 1 - Bathrooms: 1

Agent: SOWN - National Phone: 023 8221 9179

Shared Ownership<br/><br/>This superb modern home is available to buy from as little as £115,000 with a 40% share!<br/><br/>Located on the third floor and benefiting from a wonderful and spacious private balcony, this modern apartment is within ½ mile of Hackbridge train station and just a short distance from a host of local amenities including Ikea. The accommodation includes an open plan lounge/kitchen/diner with double doors that open to the balcony, a large double bedroom with built-in wardrobes and bathroom.<br/><br/>Located 0.4 miles from Hackbridge train station which has links into London Victoria, London Bridge, Clapham Junction & Kings Cross, Chenille Court is located near multiple green spaces, including Beddington Park, the River Wandle Trail and Beddington Farmlands Nature Reserve. Hackbridge, Carshalton & Wallington are all within walking distance and offer a great range of shops, restaurants and local amenities.<br/><br/>PRICING & AFFORDABILITY<br/><br/>Full Market Value: £287,500<br/><br/>40% Share Price: £115,000 (rent £503.12pcm)<br/>Minimum 5% Mortgage Deposit (40% share): £5,750<br/>Approximate Service Charges: £150.40pcm* <br/>Shared Ownership Lease: approx. 119 years<br/>Council Tax Band: C<br/><br/>ELIGIBILITY<br/><br/>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.<br/><br/>To be eligible for shared ownership you would need to meet the following criteria:<br/><br/>• Your annual household income does not exceed £90,000.<br/>• You have a deposit of at least 5% of the share value<br/>• You do not own another property or have your name on the deeds or a mortgage for a property worldwide. <br/>• This will be your only residence.<br/>• You are a permanent UK resident or have indefinite right to remain.<br/><br/>*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.<br/><br/>* This home can also be purchased outright (100% of the value) which is £287,500 and a purchaser would not need to meet the eligibility criteria listed above.<br/>