1 bedroom apartment for sale
Bolanachi Building, Enid Street, SE16 3EX
Share percentage 40%, full price £450,000, £18,000 Min Deposit.
Share percentage 40%, full price £450,000, £18,000 Min Deposit.
Monthly Cost: £1,451
Rent £379,
Service charge £163,
Mortgage £909*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
You may be eligible for this property if:
- You have a gross household income of no more than £90,000 per annum.
- You are unable to purchase a suitable home to meet your housing needs on the open market.
- You do not already own a home or you will have sold your current home before you purchase or rent.
Summary
Available through our resale shared ownership scheme, a 4th floor, one-bedroom apartment in London.
Description
Property description:
The property comprises a wheelchair accessible and communal entrance, entry system, lift access,
Kitchen with integrated appliances, living/dining area, one bedroom, storage space, family bathroom with shower over bath and a private balcony.
The property benefits from unparalleled Shard view and just a stones throw from The Bermondsey Beer Mile (a micro-brewery hub) this top floor apartment also benefits from floor to ceiling windows in the living room and wooden flooring throughout.
Lease: Commenced 2011 with 125-year term
Council Tax Band: Southwark Council - D
Approx. Gross Internal Area: 496.10sq.ft.
FINANCIAL INFORMATION
Property Value = £450,000
Percentage Share = 40%
Share Price = £180,000
*Monthly Rent = £378.70
*Monthly Service Charge = £163.44
*Please note the rent and service charge is reviewed annually 01 April.
Prior to viewing: All applicants must be registered and approved by Hyde New Homes, and may be required to carry out a shared ownership affordability assessment.
Your home may be at risk if you do not keep up your mortgage and rent repayments. Particulars give an overall description of the property and are not intended to constitute an offer or form part of any contract. Areas, distances or measurements referred to are approximate. For confirmation of property details refer to the terms of the lease and plans from your solicitor. Hyde New Homes Resale properties are sold as seen, photographs and details (excluding financial information) are provided by the leaseholder. Please note that the Resales Team have not visited this property.
Key Features
LOCAL AREA INFORMATION
• Situated on the popular Bermondsey Spa development.
• 0.3 miles from Bermondsey Underground Station with direct services to Canary Wharf, Stratford and West London.
• Excellent bus services to many areas of London.
• Within walking distance of the bustling Bermondsey Street, Maltby Street Market, Shad Thames, Brewery Wharf and Southwark Park.
• Within close proximity of a variety of shops, restaurants, bars, entertainment and other amenities.
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: D
Property Downloads
Floor Plan Energy CertificateMap
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 £450,000, £18,000 Min Deposit. Calculated using a representative rate of 4.59%
