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Floorplan
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Area statsShared ownership
£129,0502 bedroom apartment for sale
Merlin Court, 28 Handley Drive, London
Chain-free
Apartment
2 beds
1 bath
EPC rating: B
Key information
Tenure: Leasehold | unconfirmed share | 115 yrs left
Service charge: £5,530.68 per annum
Council tax: Ask agent
Broadband: Ultra-fast 1800Mbps *
Mobile signal:
EEO2ThreeVodafone
Features and description
- Modern Shared Ownership home
- Two balconies
- Parking
- No onward chain
- Open plan living
- Excellent travel links
Shared Ownership
This superb modern home is available to buy from as little as £129,050 with a 29% share!
Offered for sale with no onward chain, this well proportioned first floor apartment is set within a modern development and benefits from parking.
The apartment features a spacious entrance hall, leading through to a bright and airy open plan lounge/kitchen/diner with direct access to a private balcony. There are two good sized double bedrooms, with the principal bedroom benefiting from built-in storage and access to a 2nd balcony. A contemporary family bathroom completes the accommodation.
SE3 is a highly regarded area known for its blend of green space and village style charm. Nearby you’ll find a range of local shops, cafés, restaurants and supermarkets catering to daily needs. The area is also close to beautiful open spaces such as parks and commons, perfect for walking, running or relaxing outdoors. Reputable schools, leisure facilities and community amenities are all within easy reach.
The property benefits from excellent transport connections. Nearby rail stations provide regular services into Central London, making commuting straightforward. Multiple bus routes serve the area, offering convenient links to surrounding neighbourhoods and key destinations. Road users also have good access to major routes for travel in and out of London.
PRICING & AFFORDABILITY
Full Market Value: £445,000
29% Share Price: £129,050 (rent £1,151.17pcm)
Minimum 5% Mortgage Deposit (29% share): £6,452.50
Approximate Service Charges: £460.89 pcm*
Lease: 115 years remaining
ELIGIBILITY
Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.
To be eligible for shared ownership you would need to meet the following criteria:
• Your annual household income does not exceed £90,000.
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.
*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.
This superb modern home is available to buy from as little as £129,050 with a 29% share!
Offered for sale with no onward chain, this well proportioned first floor apartment is set within a modern development and benefits from parking.
The apartment features a spacious entrance hall, leading through to a bright and airy open plan lounge/kitchen/diner with direct access to a private balcony. There are two good sized double bedrooms, with the principal bedroom benefiting from built-in storage and access to a 2nd balcony. A contemporary family bathroom completes the accommodation.
SE3 is a highly regarded area known for its blend of green space and village style charm. Nearby you’ll find a range of local shops, cafés, restaurants and supermarkets catering to daily needs. The area is also close to beautiful open spaces such as parks and commons, perfect for walking, running or relaxing outdoors. Reputable schools, leisure facilities and community amenities are all within easy reach.
The property benefits from excellent transport connections. Nearby rail stations provide regular services into Central London, making commuting straightforward. Multiple bus routes serve the area, offering convenient links to surrounding neighbourhoods and key destinations. Road users also have good access to major routes for travel in and out of London.
PRICING & AFFORDABILITY
Full Market Value: £445,000
29% Share Price: £129,050 (rent £1,151.17pcm)
Minimum 5% Mortgage Deposit (29% share): £6,452.50
Approximate Service Charges: £460.89 pcm*
Lease: 115 years remaining
ELIGIBILITY
Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.
To be eligible for shared ownership you would need to meet the following criteria:
• Your annual household income does not exceed £90,000.
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.
*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.
Property information from this agent
Area statistics
Crime score
Moderate crime
4/10
Home prices (average)
2 bedroom apartments
£356,841
£356,841
About this agent
Evolved from Leaders Romans Group in 2018, SOWN is a dedicated shared ownership brand. We provide a full sales and marketing service on behalf of Housing Associations across the UK, for both new-build and re-sale shared ownership homes. Our specialist team focuses exclusively on shared ownership, which allows us to give the shared ownership market the attention it deserves. We're currently operating out of hubs in Wokingham, London and Nottingham. At SOWN, we take care of everything. As part of the 40-year-strong Leaders Romans Group, we offer a comprehensive range of property services for landlords, buyers, sellers, property developers and Housing Associations. Whether it's residential sales and auctions, mortgages and financial advice, build to rent, new homes, surveys, lettings, or planning and architecture; our experts will guide you every step of the way. Our formula for getting shared ownership right is setting up dedicated and highly experienced teams for every stage of the process. Our Pre-sales team handles all enquiries, which are then passed onto the Move Managers (sales progressors). We can also provide buyers with access to surveyors, legal services and our specialist mortgage advisor, Mortgage Scout, for support and up-to-the-minute advice. Ready to start your shared ownership journey? To find out how SOWN can help you find your dream home, contact us today.