2 bedroom apartment for sale
2 Woods Road, SE15 2PX
Share percentage 30%, full price £485,000, £14,550 Min Deposit.
Share percentage 30%, full price £485,000, £14,550 Min Deposit.
Monthly Cost: £1,635
Rent £617,
Service charge £280,
Mortgage £738*
Calculated using a representative rate of 4.64%
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 second floor, two-bedroom apartment in London.
Description
Available through our resale shared ownership scheme, a second floor, two-bedroom apartment in London.
Property description:
The property comprises a communal entrance, entry system, lift access, open plan kitchen, kitchen with integrated and standalone appliances, spacious living area including storage cupboard,
two double bedrooms, family bathroom with shower over bath and a private balcony.
The property also benefits from access to a courtyard.
Lease: Commenced 2017 with 125-year term
Council Tax Band: Southwark Council - D
Approx. Gross Internal Area: 697sq.ft.
FINANCIAL INFORMATION
Property Value = £485,000
Percentage Share = 30%
Share Price = £145,500
Monthly Ground Rent = £20.83
*Monthly Rent = £617.20
*Monthly Service Charge = £279.96
**Monthly Mortgage Payment = £744.00
***Annual Household Income = £63,000
*Please note the rent and service charge is reviewed annually 01 April.
** Based on a 90%, 30-year repayment mortgage with an interest rate at 5.5%.
***Is based on a 10% mortgage deposit. If you have a higher deposit Hyde New Homes can discuss how the salary required is reduced.
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
· Close proximity to Queens Road Peckham Overground station, lines directly to London Bridge, Shoreditch, Highbury and Islington, Clapham Junction and Crystal Palace. Peckham Rye is a short walk with additional services to London Victoria, Kings Cross and Kent.
· Walking distance to Peckham Rye and an array of restaurants, bars and pubs. Copleand Park and the Bussey building offers many weekend activities including food festivals, antique furniture, vintage clothing and art fairs.
· Peckham has developed a reputation as a vibrant cultural hub with its electric mix of art galleries, independent boutiques and trendy cafes. The area is known for its creative energy, attracting artists, musicians and young professionals. For first time buyers looking for a lively community with plenty of entertainment options right on their doorstep, Peckham offers an exciting lifestyle.
· Peckham is a melting pot of cultures, reflected in its diverse culinary scene. From traditional British pubs to international eateries serving cuisine from around the world, there’s something to satisfy every palate. Whether its grabbing a quite bite from a food market or enjoying a leisurely dinner at a trendy restaurant, residents of SE15 have a wealth of dining options to explore.
Particulars
Tenure: Not specified
Council Tax Band: D
Property Downloads
Key Information Document 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 30%, full price £485,000, £14,550 Min Deposit. Calculated using a representative rate of 4.64%
