Flat for sale in Arragon Road, London SW18

Shared Ownership

Full Market Value: £350,000

Share Value (50%): £175,000

Monthly Rent: £194.85

Service Charge: £171.42

Council Tax Band: B

99 year lease commenced September 2022 - 97 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.

For a limited time, enjoy a £1,000 Amazon voucher to help with your move on this 1 bedroom apartment*

L&Q welcomes you to view this one bedroom, first floor apartment.

The apartment is very well presented and newly renovated throughout including the kitchen, with matt grey wall and base units, and a white marble effect worktop. The kitchen also benefits from integrated appliances including a fridge freezer, oven, hob, extractor fan and microwave. Spacious bright and airy double bedroom benefitting from built-in storage cupboards. The bathroom comes complete with a white three-piece suite with a shower over bath and a stone tile surround. Additional double storage cupboard in hallway. One allocated parking space.

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.

This apartment is set just a mile shy of Wandsworth town, moments from Southside shopping centre providing everyday essentials with a Waitrose supermarket, and it has a good range of useful high street stores, restaurants and a cinema. The area is heaven for foodies, with great cafés and restaurants spanning cuisine from Indian street food to hip barbecue joints and laid-back brunch spots.

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 £47,422. 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.

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

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 2024.

*The £1,000 Amazon voucher is currently being offered on this 1-bedroom resale apartment and is applicable to any shared ownership purchase that completes on the sale within 6 months of receipt of the £500 reservation fee. 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. Should the seller find a buyer through an Estate Agent for the full market value of the property, this offer will no longer apply. L&Q reserve the right to remove an incentive at any time. This incentive is for this property only and cannot be transferred to any other 1-bedroom resales shared ownership apartment.