£150,000 /Sale price

This bright and cosy two bedroom apartment is now available in South-West London (Clapham) through Shared Ownership.The property on the third floor comprises an entrance hall with storage, a spacious living room, with a fitted kitchen, two good sized bedrooms and a bathroom.Outside, there is a private balcony and off-street parking. Perfect for couples and small families.The advertised lease length is subject to a simultaneous lease extension upon completion at no cost to the buyer.Available for £150,000 for 25% share based on the marketing figure of £600,000.Monthly rent - £1103.18Monthly Service Charge - £180.40Total Monthly Charge - £1,283.58 plus mortgage required for 25% share.On certain properties, service charges may be billed in different frequencies. For the purposes of illustration, our advertisement will state the equivalent monthly charge. Where charges are not billed monthly, purchasers will be informed before proceeding.An annual rent increase takes place every AprilLocationCollcutt Lodge offers modern living in the heart of Clapham, one of London’s most vibrant neighborhoods. Just a short walk from Clapham North Underground and Clapham High Street Overground, residents enjoy fast connections to the City, West End, and beyond. Frequent bus routes and cycle-friendly streets make commuting simple, while Heathrow and Gatwick are easily accessible for international travel.Local life is lively and diverse, with Clapham Common providing 220 acres of green space for sports, picnics, and community events. Independent cafes, stylish restaurants, and traditional pubs line Clapham High Street and nearby Brixton, alongside Saturday markets and boutique shops. Fitness enthusiasts will appreciate Clapham Leisure Centre and Ferndale Sports Centre, both offering excellent facilities.EPC ratingEnergy rating band - CEnvironmental impact band - COther informationHow we allocate Shared Ownership homesWe offer homes on a first-come, first-served basis, as long as you meet all the eligibility criteria. Sometimes, we give priority to people who live or work in the same area as the home. This is based on rules set by the local authority. All Shared Ownership providers must publish an allocations policy, which explains how they decide who gets a home.If the home is managed by SO Resi and MTVHYou can read the Shared Ownership allocation policy on the MTVH website. SO Resi is the Shared Ownership brand of MTVH, a housing association.If the home is managed by another provider Visit their website to find their allocation policy. Contact us if you have any questions.In certain cases, the remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.