This property is no longer on the market
2 bedroom apartment
Key information
Property description & features
- Tenure: Leasehold
Discover The Switch, Wimbledon
This is a spacious 2-bed apartment perfectly suited between Earlsfield and Wimbledon. This fantastic apartment comes complete with an open-plan kitchen/living/dining area, private balcony, and master bedroom with en suite. Receive up to £7,000 towards your moving in costs when you reserve this luxurious 2 bedroom home at The Switch.
The Burgess Plot 4 - Keel Apartments Shared Ownership Cost Breakdown - 25% Share*
Full market value = £565,000 *
Example 25% share price = £141,250 *
Rent = £919.53pcm (charged at 2.75% of the unsold equity)
* Estimated service charge = £264.67pcm
How does Shared Ownership work?
Shared Ownership is a Government-backed scheme for first-time buyers who are unable to afford a suitable home at the full market price. You initially purchase between 25-75% of the home's market value. You then pay subsidised rent on the remainder calculated at 2.75% per annum.
Am I eligible?
To be considered eligible for the Shared Ownership scheme your yearly income must be below £80,000. For London the limit is £90,000. Those who already own a home are not eligible for the scheme. You would need to sell your current home to be considered
Will I need to pay a deposit?
In terms of a deposit you will need 10% of the percentage of the home you're purchasing.
The Switch
Introducing our final collection of 2 bedroom apartments at The Switch. Luxurious homes, perfectly placed in South West London with Earlsfield, Wimbledon and Tooting on your doorstep. All apartments are available through Shared Ownership* and ready to move in now. Boasting some of London’s finest outside spaces, Wimbledon is one of the capital’s most sought after locations, with the likes of Wimbledon Park, Richmond Park and Wimbledon Common all within easy reach. Wimbledon Park and Haydon’s Road support direct links to a variety of stations across Central London and the City, including London Bridge, Blackfriars, Charing Cross, Victoria, Euston and King’s Cross St Pancras. Your new quality apartment at The Switch offers luminous living spaces with premium fittings and finishes throughout. All are carefully designed to fully meet the demands of modern living without sacrificing contemporary style.
Financials
Length of lease: 250 years
Annual service charge: £3,881.04
Service charge review period:
Yearly Council tax band: (B £1757.65, C £2008.74)
*Moving in costs covered incentive: value of deposit contribution is based on the value of the plot reserved up to £7,000. Offer available for reservations made on or before 31st August 2023. Offer cannot be used in conjunction with any other incentives and is subject to lender availability. Speak to a member of the sales team for further information.
Places of interest
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*DISCLAIMER
Property reference Peabody Homes_The Switch_64438_14029085-11d2-ed11-a7c6-002248c8ed1cB. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by the agent.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on June 19, 2023
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.