Property Details: - Type: Apartment - Bedrooms: 2 - 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 £240,000 with a 40% share!<br/><br/>Positioned on sought-after Ferndale Road, this well-presented third-floor apartment offers a superb blend of space, light, and practicality—ideal for modern city living.<br/>The property features a generous reception room that provides an inviting setting for both relaxing and entertaining, complemented by a separate kitchen designed for everyday convenience. Two well-proportioned bedrooms offer flexibility for professionals, couples, or those needing a dedicated home office, while the bathroom is neatly appointed.<br/>A private balcony extends the living space outdoors, creating the perfect spot for morning coffee or unwinding after a long day. The layout is thoughtfully arranged to maximise natural light and flow throughout. Further benefits include a secure allocated parking space and a long lease.<br/>Located within easy reach of vibrant local amenities, green spaces, and excellent transport links, this apartment presents an outstanding opportunity to enjoy the best of South West London living.<br/><br/>The property is ideally situated to take full advantage of the vibrant amenities around Clapham, with an excellent selection of cafés, restaurants, boutique shops, and nightlife nearby, particularly around Clapham High Street. For green open space, the expansive Clapham Common is just a short distance away, offering recreational facilities and a welcome escape from city life. Transport connections are superb, with Clapham North Underground Station (Northern Line) and Clapham High Street Station (Overground) providing quick and convenient access into Central London and beyond, making this an ideal location for commuters.<br/><br/>PRICING & AFFORDABILITY<br/><br/>Full Market Value: £600,000<br/><br/>40% Share Price: £240,000 (rent £888.96 pcm)<br/>Minimum 5% Mortgage Deposit (% share): £12,000<br/>Approximate Service Charges: £172.49 pcm* <br/>Lease: 967 years<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 £600,000 and a purchaser would not need to meet the eligibility criteria listed above.<br/>