2 bedroom apartment for sale
NORWOOD RAOD, SE24 9AA
Share percentage 25%, full price £500,000, £12,500 Min Deposit.
Share percentage 25%, full price £500,000, £12,500 Min Deposit.
Monthly Cost: £1,612
Rent £858,
Service charge £120,
Mortgage £634*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
You will need to be earning a guidance income of £57,713 You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £12,500 Total approximate savings required £16,500
Important borough specific eligibility criteria
Lambeth
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
Two Bedroom Ground Floor Apartment in Lambeth available through Shared Ownership 25% share £125,000, Full Market Value £ 500,000
Description
SPECIFICATION
Ground Floor: Entry Phone System to communal hallway and stairwell, Private lobby
Ground Floor: Two Bedrooms . Reception/Kitchen Bathroom and WC
Externally: Communal Grounds can be accessed from both bedrooms
GIA : 73sqm
Lease Length: 109 Years
EPC: B
Key Features
Rail Mainline Station - Herne Hill
Neat to local shops and Recreational Facilities
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: Not specified
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 25%, full price £500,000, £12,500 Min Deposit. Calculated using a representative rate of 4.64%