2 bedroom apartment for sale
57 Cowley Road, SW9 6BN
Share percentage 40%, full price £540,000, £21,600 Min Deposit.
Share percentage 40%, full price £540,000, £21,600 Min Deposit.
Monthly Cost: £1,981
Rent £771,
Service charge £120,
Mortgage £1,090*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
As a guide you will need to have a household income of at least £69,561. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £21,600. Total approximate savings required £25,600.
Important borough specific eligibility criteria
Lambeth
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
Fourth floor, 2 bedroom flat in the London Borough of Lambeth - 40% Share £216,000 - Full Market Value £540,000
Description
SPECIFICATION
Fourth Floor:
- Hallway
- Living room/kitchen with door to balcony
- Bedroom 1
- Bedroom 2
- Bathroom
External:
- Private Balcony
- Communal grounds
GIA
69 sqm
EPC rating
B
Length of lease
92 years remaining
Borough
Lambeth
Key Features
- Easy access to shops and amenities in the local area
- Short walk to Underground and rail stations
- Eythorne Park is directly adjacent to this block. The park includes a play area, football pitch, games court, information centre and café.
Local Transport
Oval Underground Station – 0.7m
Stockwell Underground Station – 0.8m
Loughborough Park Rail Station – 0.8m
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 £540,000, £21,600 Min Deposit. Calculated using a representative rate of 4.59%
