2 bedroom apartment for sale
Sharpley Court, 8a Pocock Street, SE1 0BJ
Share percentage 30%, full price £650,000, £19,500 Min Deposit.
Share percentage 30%, full price £650,000, £19,500 Min Deposit.
Monthly Cost: £2,426
Rent £1,215,
Service charge £227,
Mortgage £984*
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 £85,690.You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £19,500. Total approximate savings required £23,500.
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
Fifth floor 2 bedroom apartment in the London Borough of Southwark available through Shared Ownership 30% at £195,000, full value £650,000.
Description
Ground Floor
- Entryphone system to Communal
- Hallway
- Passenger Lift
- Stairwell
Fifth Floor
- Bedroom with En-suite shower and WC
- Bedroom (2)
- Reception/Kitchen
- Hallway
- Bathroom with WC
External
- Balcony accessed from Reception area
GIA
- 72 sq.m
EPC rating
- B
Length of lease
- 89 Years remaining
Key Features
- Balcony
- En-suite
- Two bedrooms
Local Transport
- Southwark Underground Station (0.2 miles)
- Waterloo East Station (0.3 miles)
- Lambeth North Underground Station (0.3 miles)
Particulars
Tenure: Leasehold
Lease Length: 89 years
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 30%, full price £650,000, £19,500 Min Deposit. Calculated using a representative rate of 4.59%
