2 bed flat for sale

Balham High Road, London SW17

Shared ownership (Advertised price represents 40% share. Full market value £725,000). A rare chance to buy a shared-ownership duplex apartment in London. The spacious and smartly-presented property is accessed via a private front terrace and entrance and has a twenty-seven-foot reception with wood flooring. The open-plan kitchen area features sleek, handle-less units and integrated appliances. On the first floor is a generously-sized main bedroom with fitted wardrobe and a rear (east/south-east) facing balcony. There is a second double bedroom, a large hallway storage/utility cupboard, a stylish, high-spec bathroom plus a ground-floor cloakroom and additional, under-stairs storage. Well insulated walls and floor, high performance glazing and a communal heating and hot water system all contribute towards a very good energy-efficiency rating. There is a secure bike store available to residents. Balham Station, for the Northern Line plus Southern Railway services, is only a six minute walk away (Google Maps estimate).

Interested parties are required to complete the shared ownership common application form [ ]

(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)

Housing Association: A2Dominion.
Tenure: Leasehold (125 years from 25/03/2018).
Minimum Share: 40% (£290,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £619.00 per month (subject to annual review).
Service Charge: £304.25 per month (subject to annual review).
Guideline Minimum Income: Dual - £87,600 (based on minimum share and 15% deposit £43,500)| Single - £88,400 (minimum share, 30% deposit £87,000).
Council Tax: Band D, London Borough of Wandsworth. Priority is given to applicants living and/or working in this local authority.

This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone. There is no parking space offered with this property.

What is shared ownership ?

Shared Ownership is a housing scheme designed to help homebuyers who are unable to afford the cost of buying a property outright on the open market. Properties may be sold off-plan or new build direct from housing associations, or pre-owned from existing shared owners. The rules and terms of the scheme are set by the Greater London Authority (gla) in London and Homes England outside of London.

Is shared ownership for you ?

The gla and Homes England set the eligibility criteria for Shared Ownership, but broadly speaking you must:

1. Not own another property in the UK or any other country.
2. Have a household income that falls below £90,000 (£80,000 threshold outside the M25). Every property will have a minimum income level too, determined by its’ value, rent and service charge costs. In most cases you will need to meet or exceed the given minimum income.
3. Have access to a minimum deposit of 10% of the share being purchased (a minimum deposit of 5% of the share being purchased may be acceptable depending on individual financial status).
4. Be in full time permanent employment.
5. Be a British, EU or eea Citizen or have indefinite leave to remain in the UK.
6. Have a good credit history.

Front Terrace

13' 1" max. X 8' 2" max. (3.99m x 2.49m)

Reception

27' 9" max. X 8' 3" max. (8.45m x 2.51m)

Kitchen

Included in reception measurement

W.C.

5' 3" x 4' 9" (1.60m x 1.46m)

Bedroom 1

15' 4" x 10' 4" (4.68m x 3.15m)

Bedroom 2

14' 1" x 9' 3" (4.29m x 2.82m)

Bathroom

7' 10" max. X 6' 9" max. (2.39m x 2.06m)