2 bed flat for sale

Grangecote Place, 61A Ross Road, Wallington SM6

Shared ownership (Advertised price represents 40% share. Full market value £355,000). A great chance to buy a shared-ownership apartment with two, large, wrap-around terraces. The property occupies the whole of the top floor of a recently-constructed development and is predominantly south/south-east facing. There is a spacious, triple-aspect kitchen/reception room with attractive flooring, sleek, handle-less units and integrated appliances including dishwasher and fridge freezer. A door leads out onto one of the terraces. The main bedroom also benefits from windows on three sides along with a built-in wardrobe and access to the other terrace. There is a good-sized second double bedroom and a stylish, naturally-lit bathroom. Storage/utility cupboards have been provided in the entrance hallway and the energy-efficiency rating is very good, thanks to well insulated walls and roof, high performance glazing and underfloor heating fed from a modern gas boiler. To the rear of the block is an area of communal garden plus a car park which includes two spaces allocated to this apartment. Alternatively, Wallington Railway Station, for Southern services between London Bridge/Victoria and Epsom/Epsom Downs, is just a short walk away.

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: Sutton Housing Partnership.
Tenure: Leasehold (125 years from 08/12/2021).
Minimum Share: 40% (£142,000).
Shared Ownership Rent: £581.37 per month (subject to annual review).
Service Charge: £208.04 per month (subject to annual review).
Guideline Minimum Income: Dual - £51,800 | Single - £59,400 (based on minimum share and 10% deposit).
Council Tax: Band C, London Borough of Sutton.

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. Pets not permitted (except assistance animals).

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.

Reception

19' 0" max. X 16' 1" max. (5.79m x 4.90m)

Kitchen

Included in reception measurement

Balcony / Terrace 1

26' 7" max. X 21' 10" max. (8.10m x 6.65m)

Bedroom 1

14' 4" max. X 9' 2" (4.37m x 2.79m)

Balcony / Terrace 2

26' 3" max. X 21' 4" max. (8.00m x 6.50m)

Bedroom 2

14' 3" max. X 8' 4" max. (4.34m x 2.54m)

Bathroom

7' 3" max. X 6' 0" max. (2.21m x 1.83m)