2 bedroom apartment for sale
Kennington Road, , SE11 6HR
Share percentage 40%, full price £520,000, £20,800 Min Deposit.
Share percentage 40%, full price £520,000, £20,800 Min Deposit.
Monthly Cost: £1,771
Rent £493,
Service charge £228,
Mortgage £1,050*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Lambeth, London
Description
Bright, modern two-bedroom apartment in Kennington, South-East London. Facing away from the main road, this quiet first-floor apartment comprises two bedrooms, an open plan kitchen/reception room, shower room with WC, and a private balcony accessed from the reception room. The building benefits from an entry phone system to a communal hallway, passenger lift, and stairwell.
Minimum income required: £74,568
This is reduced if a larger deposit is available.
More shares can be purchased, from a minimum of 10%.
Available for £208,000 for 40% share based on the marketing figure of £520,000.
SO Resi Monthly Payment - £493.26
Monthly Service Charge - £227.55
Total Monthly Charge - £720.81 plus mortgage required for 40% share.
Read more about our Covid-19 update:https://soresi.co.uk/covid-19-message-resale
Layout and dimensionsReception/Kitchen: 4.370 x 7.085
Bedroom 1: 2.835 x 4.696
Bedroom 2: 2.810 x 3.328
Bathroom with WC: 1.713 x 2.365
EPC ratingEnergy Rating Band : C
Other informationAll room dimensions are approximate.
Please note figures given for SO Resi monthly payment and service charge are correct at time of marketing. There is an annual increase that takes place. Please contact us for more information.
Key Features
- Two bedroom
- Private Balcony
- First Floor
- Open plan kitchen/reception room
- Large windows
- Available for 40% share
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor PlanMap
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 £520,000, £20,800 Min Deposit. Calculated using a representative rate of 4.59%
