1 bedroom apartment for sale
Leigh Court, 1 Sam King Walk, SE5 7FP
Share percentage 40%, full price £410,000, £16,400 Min Deposit.
Share percentage 40%, full price £410,000, £16,400 Min Deposit.
Monthly Cost: £1,684
Rent £674,
Service charge £182,
Mortgage £828*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
You will need to be earning a guidance income of £61,517. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £16,400. Total approximate savings required £20,400.
Important borough specific eligibility criteria
Southwark
All London applicants will be considered with priority given to people who live/work in the borough.
Applicants must be earning under £90,000 to be eligible for one, two and three bedroom apartments.
If you are an existing homeowner we will not be able to allocate you a home unless you have found a buyer for your existing home and are deemed to be in need of housing by your local council.
Summary
1 bedroom home in Southwark available through Shared Ownership - 40% share at £164,000
Description
BRIEF OVERVIEW
Ground floor, large 1 bedroom home in the London borough of Southwark.
Leigh Court is situated within a mixed neighbourhood predominantly of new flats but with some older style accommodation. Brunswick Primary School is situated to the South East. There is open space at Burgess Park to the end of the road to the North with Camberwell Green shopping area about half a mile to the South. Being an urban area there are numerous bus routes giving access to central London and all neighbouring areas. The property is situated in the Borough of Southwark. The property is believed to have been constructed completing in 2015.
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SPECIFICATION
Internally:
- Spacious 1 bedroom flat
- Entrance hall with storage
- Bathroom with WC
- Double bedroom
- Open plan living room/kitchen
Externally:
- Private terrace
- Gated secure communal gardens
GIA
64 sqm
EPC rating
B
Length of lease
94 Years Remaining
Pets allowed
No
Monthly Fees
Monthly Rent: £674.41
Service Charge: £182.36
Monthly Ground Rent: £20.83
Key Features
Key Features
- Private terrace
- Secure Video Door Entry
- Zipcar rental onsite
- Burgess park nearby
Local Transport
- Denmark Hill Overground Station – 1.0m
- Oval Underground Station – 1.2m
- Elephant & Castle Station – 1.3m
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Map
The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.
- Rent: This is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes).
- Service Charge: Covers maintenance and repairs for communal areas within your development.
- Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.
NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.
Share percentage 40%, full price £410,000, £16,400 Min Deposit. Calculated using a representative rate of 4.59%
