SHARED OWNERSHIP

Discovery House 2Bed

SHARED OWNERSHIP

Discovery House 2Bed

Register interest
Property reference number: 1438
 
Discovery House is a 2-bedroom property located on the third floor of a ten storey apartment. The third floor apartment comes with a private balcony, secure cycle storage and a communal courtyard with a play area. The lease remaining on the property is 120 years.

The property is situated just moments from the famous River Thames with great transport links including Wandsworth Town Train Station, served by the National Rail and Clapham Junction Station. Local buses serve the area with links to central London.

The property benefits from various local amenities with a Tesco Express located 0.2 miles away including a variety of shops, bars and restaurants all within convenient walking distance.
  • Nearest Station: Wandsworth Town 0.4 miles away, Clapham Junction & Putney Bridge
  • Bus routes nearby: 28, 44, 295, C3, N28, 424, 37
The property located on the third floor comprises:
  • Spacious living area with lots of natural light and open plan kitchen
  • Integrated Zanussi appliances; fridge freezer, dishwasher and washer/dryer
  • Private balcony
  • Communal courtyard with a play area
  • Secure underground cycle storage. 
 
Financial information
  • Tenure: Leasehold
  • Remaining Lease Term: 120 Years
  • Annual ground rent amount: £600
  • Ground rent review period
  • Annual service charge amount: £3,268.68
  • Service charge review period: 1st April annually
  • Council tax band: Band
 
What is Shared Ownership?
Through Shared Ownership you can buy up to 75% of the property, paying a low-cost rent on the remaining unpurchased 'share' of the home. What's more, your mortgage deposit is based on the value of the share you buy, not the full market value, making these homes even more affordable than buying through private sale. With resale properties, you must purchase your first share at the percentage the existing leaseholder owns or more. 
 
What happens after I register my interest?
You will receive an email confirmation that will confirm next steps including how to book a viewing, completing a financial assessment with a mortgage advisor and completing a Shared Ownership Application Form.

If you don’t receive this email within an hour of your registration, please check your spam or junk folders and set your spam filter to allow incoming emails from Peabody. If you still haven’t received the email, please contact enquiries@peabodynewhomes.co.uk  and our team will be able to help you.
 
*Financial information correct as of 21.11.2023

Financials*

Full Value

£500,000

Share Price

£325,000

Share Value

65%

Monthly Cost

£2,331

Monthly Mortgage

£1,439

Monthly Rent

£587

Monthly Service Charge

£305

Minimum Household Income

£87,000

Maximum Household Income

£90,000

Deposit Required

£89,375

*The monthly mortgage, monthly rent, minimum household income and deposit required are all guide figures and will vary depending on your personal circumstances and the mortgage you are able to secure. Please note that applicants will be expected to purchase the maximum share that is sustainable for them. Applicants will be required to attend a financial interview with a Mortgage Advisor appointed by Peabody to assess affordability in line with Affordable Homes guidelines set by the HCA/GLA. Speak to a member of the Peabody New Homes team for more details.

Location

Discovery House, Juniper Drive, London, Wandsworth, SW18 1UY Open in Google Maps

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Transport

Education

Food and Drink

Leisure

Retail

Worship

Healthcare

Next steps

To book a property viewing, please register your interest and we will email you details on how to book online. Alternatively you can get in touch directly with our Resident Sales Team using the link below.

Register Your Interest...

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