1 bedroom apartment for sale
New Kent Road, SE1 4YS
Share percentage 25%, full price £482,500, £6,031 Min Deposit.
Share percentage 25%, full price £482,500, £6,031 Min Deposit.
Monthly Cost: £1,106
Rent £226,
Service charge £208,
Mortgage £672*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Eligibility Criteria
If you're interested in buying an apartment with Shared Ownership at New Kent Row, you'll need to meet the following criteria based on your situation:
Your overall household income is less than £52,825 for 1 beds, £62,416 for 2 beds, £72,454 for 3 beds.
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
You must live or work in the borough of Southwark.
Summary
A collection of just seven 1 bedroom apartments in SE1
Description
New Kent Row is a part of Southwark Living, a collection of Southern Housing New homes across the Southwark area. New Kent Row offers one, two and three bedroom Shared Ownership homes in this ever evolving part of London, just a 10 minute walk from Elephant and Castle.
This new build development will feature a residents' terrace, private open spaces, stylish kitchens with high quality integrated appliances.
The area has seen big transformation in recent years with a host of amenities and green spaces popping up around Elephant Park and plenty more to follow with over £4 billion of public and private money being invested locally..
*CGIs and images are for illustrative purposes only and are subject to change. Full list specification will be found in the brochure, which will soon be available to download. New build - council tax band/property rates to be determined.
Key Features
- Residents' garden/terrace on the ground and 9th floor
- Stylish kitchens
- Only 10 minute walk to Elephant & Castle station
- Bike garage
Particulars
Tenure: Leasehold
Lease Length: 999 years
Council Tax Band: Not specified
Property Downloads
Floor Plan BrochureMap
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 25%, full price £482,500, £6,031 Min Deposit. Calculated using a representative rate of 5.03%
