Petworth Street
£282,000 for a 60% share
Property description
Good EPC Rating / Long Term Lease
Property address
Petworth St, London, SW11 4QR
1 
1 Shared Ownership
Shared Ownership
Full Market Value: £470,000
Share Value (60%): £282,000
Monthly Rent: £380.67
Service Charge: £213.72
Council Tax Band: D
125 year lease commenced October 2006 - 106 years remaining
EWS1 - Guidance from the Royal Institute of Chartered Surveyors (RICS) along with government guidance, means that an EWS1 form should not be required for this property. However, we cannot guarantee that Mortgage lenders, brokers and valuers are utilising the same criteria and a lender may request an EWS1 for this property. Please request advice from a mortgage broker when applying for a mortgage.
Offered for sale is this well presented one bedroom third floor apartment. Accessed via a well kept communal entrance, there is a large, open-plan kitchen/living/dining space. There is one double bedroom, in addition to a contemporary family bathroom.
This property benefits from a sinking fund. A sinking fund is a long-term savings plan that leaseholders contribute to every month through service charges. This is used to pay for major works that are required, such as replacing a roof.
Within a ten minute drive from Chelsea, this area is host to a diverse mix of shops and restaurants, and is very near to the 200 acres of recreational space which Battersea Park offers including the exciting development at Battersea Power Station along the new tube station. There are excellent transport links, from Clapham Junction, Battersea Park Station and Queenstown Road Station, along with many local bus routes heading north of the river.
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 £75,589. If you are offered the home, 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.
APPLICANTS MUST BE LIVING OR WORKING IN WANDSWORTH AND REGISTERED WITH THE LOCAL AUTHORITY HOMEBUY TEAM
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 April 2025.
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 | £470,000 |
|---|---|
| Minimum Share Percentage | 60% |
| Minimum Share Value | £282,000 |
| Monthly Service Charge | £214 |
| Minimum Deposit | £28,200 |
Candle street is just a short walk from the Tube at Stepney Green Station, giving you direct links into the city through the Tower of London and Westminster on the District Line - or through King's Cross and Euston on the Hammersmith & City Line. It's also only 14 minutes to the DLR at Limehouse Station - and just moments from your door to both the calming open waters of the adjacent canal, and the expansive green spaces of the nearby Mile End Park, putting nearly 80 acres of natural beauty within easy reach.
Others
- Central heating
- Double Glazing
Outside space
- Communal Garden