SHARED OWNERSHIP
Chancery Building 6th Floor
Share Price (35%) £206,500
Full Value Price £590,000
SHARED OWNERSHIP
Chancery Building 6th Floor
Share Price (35%) £206,500
Full Value Price £590,000
Property reference number: 1639086
Experience life in Zone 1 in the hub of London's newest neighbourhood near the iconic Battersea Power Station. Chancery Building in Wandsworth is a beautiful must-see one double-bedroom apartment located on the eighth floor in a 12-storey block. The lease remaining on the property is 109 years.
There are good transport links with the new Battersea Power Station underground station 0.4 miles away. Nine Elms and Vauxhall Stations, served by London Overground & Southern Rail linking to Victoria Train Station in 4 minutes, are also nearby.
Local amenities, including a large Waitrose, bars, cafes, restaurants and leisure facilities are located 0.1 miles away along Nine Elms Lane. Battersea Park and St. George's Wharf is within easy reach.
- Nearest Station: Battersea Power Station, Nine Elms, Vauxhall and Battersea Park
- Bus routes nearby: 344, 156 and 436
The property located on the Eight floor comprises:
- Lift access
- Private balcony
- Secure bike storage
- Central heating
- Floor to ceiling windows
- Roof garden
- Fitted wardrobe
What happens after I register my interest?
After registering your interest for a Peabody home, you will receive an email confirmation from us. The email will confirm what you need to do next to secure a property viewing which includes completing a financial assessment with a mortgage advisor and completing the 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 after checking here, please contact peabody.resales@peabody.org.uk & our team will be able to help you.
What is Shared Ownership?
Available to purchase through Shared Ownership, purchasers are able to buy as much of the property as they can afford, from 25 - 75%, 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 high-spec homes even more affordable in such a sought after location.
Financial information
- Tenure: Leasehold
- Remaining lease term: 116 Years
- Annual ground rent amount: £300
- Annual service charge amount: £3,492.24
- Service charge review period: 1st April annually
- Council tax band: Band E
Floorplan
Financials*
Full Value
£590,000
Share Price
£206,500
Share Value
35%
Monthly Cost
£1,627
Monthly Mortgage
£1,170
Monthly Rent
£187
Monthly Service Charge
£270
Minimum Household Income
£58,000
Maximum Household Income
£90,000
Deposit Required
£75,950
*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
Chancery Building, 3 New Mill Road, LOndon, Wandsworth, SW11 7AS Open in Google Maps