Phoenix Way

Studio homes in Wandsworth, Wandsworth, SW18 2PW

Tenure Shared ownership
What is Shared Ownership?
Availability Available

Shared Ownership is a type of affordable home ownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.

For example, someone might buy a 50 per cent share in a property and pay rent to the landlord on the remaining 50 per cent. Purchasers then have the opportunity to ‘staircase’ up their share of the property, gradually increasing the proportion of their home that they own outright and therefore paying less rent on the remaining portion, until they own 100 per cent of their home.

Overview

One bedroom fourth floor flat, in the London Borough of Wandsworth, available to buy through Shared Ownership. Full market value £395,000. 60% share available, share price £237,000.

Monthly fees 
Monthly Mortgage**: £1259.92 
Monthly Rent: £365.43pm 
Monthly Service Charge*: £131.46
Notting Hill Administration Fee: £13.50 
Council Tax: £58.33

Estimated Total (per month): £1770

*Service Charge payable to Pinnacle Ltd 
**Estimate :The monthly mortgage is based on an interest rate of 4.99 % with a capital and interest repayment over 25 years. It is based on a 90% mortgage The rent may increase each year, the increase calculation will be specified in the lease.

Ground floor
Communal entrance hall with stairs and lift to upper floors

Fourth floor
Entrance hall, kitchen/living room, bedroom and bathroom with W.C.

External
Communal grounds/gardens. No allocated parking.

GIA
54 square metres (581 sqft) as per RICS valuation

Accessibility rating 
E

EPC rating
C

Length of lease
139 years

Borough
Wandsworth

Illustration by: James Halsall

Register Interest

Register your interest to be contacted by a housing provider. You will need to provide basic eligibility criteria during the register interest process.

Phoenix Way

Studio homes in Wandsworth, Wandsworth, SW18 2PW

Tenure Shared ownership
What is Shared Ownership?
Availability Available

Shared Ownership is a type of affordable home ownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.

For example, someone might buy a 50 per cent share in a property and pay rent to the landlord on the remaining 50 per cent. Purchasers then have the opportunity to ‘staircase’ up their share of the property, gradually increasing the proportion of their home that they own outright and therefore paying less rent on the remaining portion, until they own 100 per cent of their home.

Location

Housing Provider

Trusted by

Southern Complete Moves Mayor or London National Housing Federation Moat Homes