1 bed flat for sale

Sutton Court Road, Sutton SM1

Shared ownership

Full Market Value - £265,000

You Pay (30%) - £79,500

Monthly Rent - £676.53

Service Charge - £278.03

Annual Ground Rent - £100

125 year lease commenced August 2017 - 117 years remaining

council tax band : C

no parking

EWS1 Certification available - B1 Rating

This bright and spacious apartment consists of a stylish open-plan living area, opening onto a private balcony. The contemporary kitchen includes integrated appliances. The double bedroom, which has a fitted wardrobe overlooks the balcony. A family bathroom, complete with a white three-piece suite, including a shower over bath completes the accommodation.

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.

Sutton High Street offers an excellent range of dining and retail facilities, including St Nicholas Shopping Centre. The lovely Manor Park and The Warren Recreation Ground are within reach, as are Sutton and West Sutton stations.

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 £50,819. 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 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 at February 2025.

*The £500 B&Q Voucher is currently being offered on this resale property for a limited time and is applicable to any Shared Ownership purchase that completes a reservation on or before 31st August 2025 and then completes on the sale before 31st December 2025. The voucher will be supplied within 75 days of completion of the purchase and will be an e-Voucher, 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. L&Q reserve the right to remove an incentive at any time.