2 bed flat for sale

Devonshire House, 50 Putney Hill, London SW15

Shared ownership (Advertised price represents 45% share. Full market value £600,000). Devonshire House is part of a modern development just minutes from Putney Station (National Rail - towards Clapham Junction/Waterloo) and East Putney (District line). North is Putney High Street and the Thames, to the South, the green spaces of Putney Heath and only slightly further away, Wimbledon Common and Richmond Park. The block is built to high standards of energy efficiency and features underfloor heating supplied from a communal system. The apartment available is on the ground floor and the reception room opens onto a semi-private section of communal garden. There is a sleek kitchen, two spacious bedrooms, a stylish en-suite shower room plus the main bathroom. Residents of the development can make use of the concierge, gym, communal courtyard and roof terrace. The apartment comes with use of an allocated space in the underground car park.

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: A2Dominion.Tenure: Leasehold (155 years less 5 days from 01/01/2011).
Minimum Share: 45% (£270,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £849.94 per month (subject to annual review).
Service Charge: £403.09 per month (subject to annual review).
Guideline Minimum Income: Dual - £90,000 (based on minimum share and 25% £67,500 deposit) Single - £87,500 (based on minimum share and 45% £121,500 deposit).
Council Tax: Band F, Wandsworth (£1444.87 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).

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.

Ground Floor

Entrance Hallway

Reception
25' 5" max. X 10' 8" max. (7.74m x 3.25m)

Kitchen
included in reception measurement

Bedroom 1
14' 5" max. X 9' 3" max. (4.39m x 2.82m)

En-Suite Shower Room

Bedroom 2
14' 4" max. X 8' 8" (4.37m x 2.64m)

Bathroom