£193,500
2 bed flat for sale
Deepak House, 955 Garratt Lane, London SW17Leasehold
2 beds
1 bath
1 reception
EPC Rating: B
Key information
Tenure
Leasehold (Ask agent)
Service charge
Council tax band
Ground rent
Ground rent date of next review
About this property
Guideline Minimum Deposit £19,350
Guide Min Income Dual £76k Single £87.9k
First Floor (building has a lift)
Approx. 652 Sqft Gross Internal Area
South West Facing
Very Good Energy-Efficiency Rating
Communal Garden/Courtyard
Short Walk from Tooting Broadway Station
Shared ownership (Advertised price represents 45% share. Full market value £430,000). This stylishly-presented, first-floor apartment faces south-west and has an open-plan entrance hall and reception room with attractive flooring. The kitchen area features white gloss units and integrated appliances. There are two spacious double bedrooms, a high-spec bathroom and a storage/utility cupboard. Well insulated walls, high performance glazing, a communal heating and hot water system all contribute towards a very good energy-efficiency rating. Residents can make use of a neatly-kept communal garden to the rear of the block. Deepak House is only a short walk from Tooting Broadway Station (Northern Line) and Ofsted list three primary schools within a half-mile radius, all rated either 'Good' or 'Outstanding'.
Interested parties are required to complete the shared ownership common application form [here; ]
(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 (99 years from 05/06/2015).
Minimum Share: 45% (£193,500). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £776.53 per month (subject to annual review).
Service Charge: £320.17 per month (subject to annual review).
Guideline Minimum Income: Dual - £76,000 Single - £87,900 (based on minimum share and 10% deposit).
Council Tax: Band D, London Borough of Wandsworth (£961.14 for 2024-25). 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. Pets not permitted (except assistance animals). 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.
First Floor
Reception
17' 0" x 15' 0" (5.18m x 4.57m)
Kitchen
included in reception measurement
Bedroom 1
12' 9" x 11' 0" (3.89m x 3.35m)
Bathroom
Bedroom 2
13' 0" x 9' 0" (3.96m x 2.74m)
More information
Listed by
Urban Moves