2-bedroom flat · KT3 4NE
For saleListed 26 days
Opportunity summary
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About
Shared ownership one bedroom apartment available to purchase at a 40% share of £197,800 with a minimum 5% mortgage deposit of £9,890.
The Jewel Apartments at Sterling Place present an exceptional opportunity to purchase a brand-new home through Shared Ownership in one of South West London's most desirable and well-connected locations.
Situated within the landmark Sterling Place development, this impressive collection of one and two-bedroom apartments has been thoughtfully designed for modern living.
Each home features bright open-plan living spaces, stylish contemporary kitchens with integrated Electrolux appliances, spacious bedrooms and private outdoor space in the form of a balcony, terrace or patio.
Sterling Place offers outstanding connectivity across South West London and beyond.
New Malden railway station provides regular services to London Waterloo, making it an ideal location for commuters, while nearby road links offer easy access to Wimbledon, Kingston upon Thames, Richmond, Central London, the A3 and M25.
The development is surrounded by a selection of highly regarded local schools, making it attractive to both professionals and growing families.
Nearby educational facilities include Raynes Park High School, Coombe Girls' School, Coombe Boys' School, Burlington Infant & Nursery School and Christ Church New Malden CofE School, together with further education opportunities available at Kingston College.
Residents will enjoy easy access to the vibrant amenities of New Malden town centre, renowned for its diverse restaurants, cafés and independent retailers.
The popular destinations of Kingston, Wimbledon Village and Richmond are all close by, offering riverside dining, boutique shopping, entertainment venues and leisure facilities.
For those who enjoy the outdoors, Richmond Park, Wimbledon Common and Bushy Park provide acres of open green space for walking, cycling and recreation.
Each apartment is finished to a high specification, including: • Audio visual entry system • Fibre broadband connectivity • usb and usb-c charging points • Stylish bathrooms and en-suite facilities to selected homes • Timber-effect flooring to living areas and carpeted bedrooms • Lift access to all floors • Secure fob-entry system with CCTV coverage • Landscaped communal gardens • Selected homes available with parking Combining stylish new homes, excellent transport connections, sought-after schools and the best of South West London's lifestyle opportunities, The Jewel Apartments at Sterling Place offer the perfect place to call home.
Full Market Value: £494,500 40% Share Price: £197,800 Minimum deposit based on 40% share: £9,890 Rent on un-owned share £679.94 pcm Reservation fee: £500 The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller upfront payment.
With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase.
The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright.
When you’re ready, you can buy more shares until you staircase to owning 100% of your home.
Please note, as a Shared Ownership purchase there are likely to be additional legal fees during the conveyancing process, your solicitor can advise you of these.
There is a Council placed restriction for these properties, please call for more information.
*These photos are for information purposes only and may not represent a true likeness for the units being sold.
They may have been digitally furnished to represent how the home could be laid out; the final colours/appearance/specification may differ from the images and are not plot specific.
EPC and Council Tax Bands: New Build, to be determined Agent Note Please note that an aml fee is chargeable to the buyer once an offer is accepted to cover the cost of carrying out the required identity and anti-money laundering checks.
Once these checks have been completed, the fee cannot be refunded, even if the property purchase does not go ahead.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 245 Burlington Road, Surrey
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