Viridian Apartments

Studio homes in Wandsworth, Wandsworth, SW8 4DG

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

A one bedroom third floor flat in the London Borough of Wandsworth, available to buy through Shared Ownership. Full market value £435,000 55% share available, share price £239,250.

Monthly fees
Mortgage**: £1,271.88 
Monthly Rent: £309.99 
NHHO Service Charge*: £197.23 
Notting Hill Administration Fee: £13.50
Council Tax: 58.33

Estimated Total (per month): £1,779.10 (excluding council tax)

*Service Charge payable to Mainstay Management 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
Intercom, entrance hall, passenger lift and stairwell

First floor
Entrance hallway, living room, kitchen, bedroom, bathroom/WC

External
Balcony

GIA
46 square metres as per RICS valuation

Accessibility rating 
D – Easy Access

EPC rating
C

Length of Lease
117 years

Borough
Wandsworth

Local area information

Nearest Tube Stations

0.8m Pimlico

0.9m Stockwell

1.1m Clapham North

1.1m Sloane Square

1.2m Victoria

Nearest Rail Stations

0.4m Queenstown Road (Battersea)

0.6m Wandsworth Road

0.9m Vauxhall

1.1m Clapham High Street

1.2m London Victoria

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.

Viridian Apartments

Studio homes in Wandsworth, Wandsworth, SW8 4DG

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