2 bedroom apartment for sale
Waterfall House, 49 Brixton Water Lane, SW2 1BF
Share percentage 40%, full price £525,000, £21,000 Min Deposit.
Share percentage 40%, full price £525,000, £21,000 Min Deposit.
Monthly Cost: £1,761
Rent £478,
Service charge £217,
Mortgage £1,066*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
You will need to be earning a guidance income of £64,404.
You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £21,000.Total approximate savings required £25,000.
Important borough specific eligibility criteria
Lambeth
Priority will be given to applicants who live or work in Lambeth but all can apply.
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 apartment in Lambeth available through Shared Ownership 40% at £210,000.
Description
Internal
- Entrance hallway
- Bedroom 1
- Bedroom 2
- Bathroom
- Open Plan Lounge/Kitchen
External
- Large private terrace
GIA
65sqm
EPC rating
B
Length of lease
109 years
Borough
Lambeth
Key Features
Local Transport
- Herne Hill (0.47 miles)
- Brixton (0.53 miles)
- Loughborough Junction (0.93 miles)
Particulars
Tenure: Leasehold
Lease Length: 109 years
Council Tax Band: D
Property Downloads
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 £525,000, £21,000 Min Deposit. Calculated using a representative rate of 4.64%