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Resale

2 Bedroom Apartment, Woodgate Drive, London, SW16 5YQ

  • Price: 162500 (50% share)
  • Status: Available

This property benefits from good sized lounge with fitted kitchen area. Also offering electric storage heaters and double glazed windows to ensure a cosy internal atmosphere. The development has a residents parking space and is located within easy walking distance of Streatham High Street and Streatham Common Station. This apartment is ideally located offering easy access to all local shops, facilities, amenities and transport links. This property is an excellent opportunity for the first time buyer to get on the property ladder.

The remaining lease term is 77 years. The valuation price is reflective of the lower term. You will have the option of extending the lease, Metropolitan does not impose a minimum time that you must own the property before you can apply to extend the lease. You can even extend the lease at the same time that you purchase the property. You should discuss the lease term with your financial advisor / mortgage broker and your solicitor.

The estimated cost to extend the lease is between £10,000- £14,000. A lease extension valuation would need to be instructed if a lease extension is required.

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Buy a share in a brand new or resale home from Metropolitan. You pay a mortgage on the part you own and a subsidised rent on the part you don’t own. Learn more about your buying options here.

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