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£225,000

2 bed flat for sale
Mitcham Rd, Tooting SW17

    • 2 beds

    • 1 bath

    • 1 reception

  • Shared ownership
  • Leasehold

L&Q - Pre Owned Shared Ownership Homes

Logo of L&Q - Pre Owned Shared Ownership Homes

About this property

  • Storage cupboards in hallway

  • Economy 7 electric heating (not tested)

  • Bicycle storage

  • Communal roof terrace

Shared ownership


Full market value - £450,000

You pay (50%) - £225,000

Monthly rent - £704.55

Service charge - £210.71

Annual Ground rent - £0

125 year lease commenced July 2003 - (103 Years Remaining)

New guidance, from the Royal Institute of Chartered Surveyors (RICS), means that lenders should no longer require an EWS1 form for this property. However, we cannot guarantee that all Mortgage lenders, brokers and valuers are utilising the same criteria.

Applicants must be living or working in wandsworth and registered with the local authority homebuy team

Enter this apartment via a spacious hallway with storage. The open plan living area, which opens onto a private east facing balcony, incorporates a kitchen with integrated oven, hob and extractor and spaces for white goods. Completing the accommodation are two double bedrooms and a modern bathroom with p-shaped bath.

Tooting Broadway is less than 10 minute's walk away offering a range of high street stores. Sainsbury's local is directly across the road from the development and there is a large Sainsbury's at Tooting Broadway station. If you like to keep fit, there is a fully equipped gym directly opposite the property. There is also a Post Office, corner shop, and public houses within half a mile of the development. Taking the Northern Line, it's just about 4 minutes to Balham and about six minutes to Wimbledon. Take the bus and underground to Morden; the journey is approximately 22 minutes while traveling to Oxford Circus from Tooting Broadway on the tubes takes approximately 25 minutes. If you want to get to London Bridge from Tooting Station, it's approximately 36 minutes by bus and train and the journey time to London Waterloo is around 30 minutes by rail. The area is served by several bus routes that travel to a wide variety of destinations including Streatham, Putney, Waterloo, and Brixton.

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 £76,527. 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 of April 2025.

More information

  • Tenure

    Leasehold (103 years)

  • Service charge

    £211 per month

  • Council tax band

    D

  • Ground rent

  • Ground rent date of next review

See all recent sales in SW17

Property descriptions and related information displayed on this page are marketing materials provided by - L&Q - Pre Owned Shared Ownership Homes. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact L&Q - Pre Owned Shared Ownership Homes for full details and further information.