19 Holborn Way
£137,250 for a 45% share
Property description
Our Winter Offer: A £1,000 Ikea voucher on completion*. Close to mainline stations, two balconies.
Property address
Holborn Way, Mitcham, CR4 3FG
Shared Ownership
SHARED OWNERSHIP
Full Market Value - £305000
You Pay (45%) - £167,750
Monthly Rent - £450.03
Service Charge - £168.04
Annual Ground Rent -£ 100
99 year lease commenced in December 2008 - 83 years remaining - lease extension available
Council Tax Band: C
New guidance, from the Royal Institute of Chartered Surveyors (RICS), means that lenders should no longer require an EWS1 form for this property. However, we cannot guarantee that all Mortgage lenders, brokers and valuers are utilising the same criteria.
All rooms lead off a central hallway, with storage, in this south-west facing apartment. There are two double bedrooms, the master having access to its own private balcony. The open plan living area opens onto a separate balcony. A family bathroom completes the accommodation
The property is located in a convenient position close to a range of local shops, amenities, good schools, leisure facilities and both road and public transport links into and around London, with Mitcham Junction, Mitcham Eastfields and Tooting railway stations all within close proximity. The green open spaces of Figges Marsh are also within walking distance.
The buyer will require a deposit to obtain a mortgage for this property.
To meet the requirements for this property we require as a guideline, a minimum household income of £49,459. If you are offered the property, your ability to afford this property will be assessed at your financial interview. Please note that applicants should purchase the maximum share that they can afford and sustain.
Only applicants who are registered with London and Quadrant will be eligible to be offered a property in one of our schemes. If you are not registered please visit our website www.lqhomes.com and register to obtain your unique reference number.
Your home is at risk if you fail to keep up repayments on a mortgage, rent or other loan secured on it. Please make sure you can afford the repayments before you take out a mortgage.
These particulars are of opinion only, are intended to give a fair description and do not form the basis of a contract. The descriptions and all other information are believed to be correct as of September 2024.
*The £1,000 Ikea voucher incentive is available for a limited time on all 2, 3 and 4 bedroom resales properties and is redeemable for any shared ownership purchase that completes on the sale within 6 months of receipt of the £500 reservation fee, and where the buyer is purchasing a higher share than is being sold. The vouchers (2 x £500) will be supplied within 75 days of completion of the purchase and will be E-Vouchers, issued by email to the sole or primary purchaser. Further terms and conditions may be in place from the voucher provider, and it is the purchaser's responsibility to satisfy themselves of any terms applicable. The voucher cannot be offset against any fees or monies due from the purchase. L&Q will not be responsible for direct payments to any lenders, or third parties. Should the seller find a buyer through an Estate Agent or L&Q for the full market value of the property, this offer will no longer apply. L&Q reserve the right to remove an incentive at any time. This incentive is for this property only and cannot be transferred to any other resales shared ownership property.
This is an indication of how much these apartments might cost.
For more detailed information please register your interest in this property.
Minimum Full Market Value | £305,000 |
---|---|
Minimum Share Percentage | 45% |
Minimum Share Value | £137,250 |
Monthly Service Charge | £168 |
Minimum Deposit | £13,725 |
The property is located in a convenient position close to a range of local shops, amenities, good schools, leisure facilities and both road and public transport links into and around London, with Mitcham Junction, Mitcham Eastfields and Tooting railway stations all within close proximity. The green open spaces of Figges Marsh are also within walking distance.
Others
- Balcony
- Central heating
- Double Glazing
- Lift access
- Pets allowed
Outside space
- Communal Garden