2 bed flat for sale

245 Burlington Road, New Malden, Surrey KT3

Shared ownership one bedroom apartment available to purchase at a 75% share of £370,875 with a minimum 5% mortgage deposit of £18,543.75.

The Jewel Apartments at Sterling Place present an exceptional opportunity to purchase a brand-new home through Shared Ownership in one of South West London's most desirable and well-connected locations.

Situated within the landmark Sterling Place development, this impressive collection of one and two-bedroom apartments has been thoughtfully designed for modern living. Each home features bright open-plan living spaces, stylish contemporary kitchens with integrated Electrolux appliances, spacious bedrooms and private outdoor space in the form of a balcony, terrace or patio.

Sterling Place offers outstanding connectivity across South West London and beyond. New Malden railway station provides regular services to London Waterloo, making it an ideal location for commuters, while nearby road links offer easy access to Wimbledon, Kingston upon Thames, Richmond, Central London, the A3 and M25.

The development is surrounded by a selection of highly regarded local schools, making it attractive to both professionals and growing families. Nearby educational facilities include Raynes Park High School, Coombe Girls' School, Coombe Boys' School, Burlington Infant & Nursery School and Christ Church New Malden CofE School, together with further education opportunities available at Kingston College.

Residents will enjoy easy access to the vibrant amenities of New Malden town centre, renowned for its diverse restaurants, cafés and independent retailers. The popular destinations of Kingston, Wimbledon Village and Richmond are all close by, offering riverside dining, boutique shopping, entertainment venues and leisure facilities. For those who enjoy the outdoors, Richmond Park, Wimbledon Common and Bushy Park provide acres of open green space for walking, cycling and recreation.

Each apartment is finished to a high specification, including:
• Audio visual entry system
• Fibre broadband connectivity
• usb and usb-c charging points
• Stylish bathrooms and en-suite facilities to selected homes
• Timber-effect flooring to living areas and carpeted bedrooms
• Lift access to all floors
• Secure fob-entry system with CCTV coverage
• Landscaped communal gardens
• Selected homes available with parking

Combining stylish new homes, excellent transport connections, sought-after schools and the best of South West London's lifestyle opportunities, The Jewel Apartments at Sterling Place offer the perfect place to call home.

Full Market Value: £494,500
75% Share Price: £370,875
Minimum deposit based on 75% share: £18,543.75
Rent on un-owned share £283.31 pcm
Reservation fee: £500

The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller upfront payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright. When you’re ready, you can buy more shares until you staircase to owning 100% of your home.

Please note, as a Shared Ownership purchase there are likely to be additional legal fees during the conveyancing process, your solicitor can advise you of these.

There is a Council placed restriction for these properties, please call for more information.

*These photos are for information purposes only and may not represent a true likeness for the units being sold. They may have been digitally furnished to represent how the home could be laid out; the final colours/appearance/specification may differ from the images and are not plot specific.

EPC and Council Tax Bands: New Build, to be determined

Agent Note
Please note that an aml fee is chargeable to the buyer once an offer is accepted to cover the cost of carrying out the required identity and anti-money laundering checks. Once these checks have been completed, the fee cannot be refunded, even if the property purchase does not go ahead.