Shared Ownership Resale is an affordable homeownership scheme where you purchase a share of a property and pay discounted rent on the remainder to a housing provider. Over time, you have the option to buy more shares and, in most cases, can staircase to 100% ownership. Learn more about Shared Ownership
Apartment
1 bedroom
Not specified
1/12
Available
£150,000
Ferdinand Court, Adenmore Road, SE6 4BG
Share 50% / Full price £300,000 / Min deposit £15,000
Shared Ownership Resale
Shared Ownership Resale is an affordable homeownership scheme where you purchase a share of a property and pay discounted rent on the remainder to a housing provider. Over time, you have the option to buy more shares and, in most cases, can staircase to 100% ownership. Learn more about Shared Ownership
Shared Ownership Resale
Shared Ownership Resale is an affordable homeownership scheme where you purchase a share of a property and pay discounted rent on the remainder to a housing provider. Over time, you have the option to buy more shares and, in most cases, can staircase to 100% ownership. Learn more about Shared Ownership
You may be eligible for this property if: You must be at least 18 years old. Your annual household income must be less than £90,000. You are unable to purchase a suitable home to meet your housing needs on the open market. You should generally be a first-time buyer. If you already own a property, you must be in the process of selling or have already sold it before you can apply. Please note that applicants will be expected to purchase the maximum share that is sustainable for them.
Description
Property reference number: 1639315
This spacious open-plan 1-bedroom apartment with a private balcony is available to reserve now in Catford. Live moments from the gorgeous Ladywell Fields and local transport links just 3 minutes walk away. There is also lift access to the apartment.
Live in one of the most vibrant districts in southeast London. Catford boasts an eclectic mix of amenities and cultural offerings with an array of shops and restaurants, residents enjoy a diverse culinary scene.
There are excellent transport links including Catford and Catford Bridge stations, and with local parks such as Ladywell Fields and Mountsfield Park there are amazing open spaces for leisure and recreational activities.
This evolving neighbourhood urban convenience with a touch of nature, making it a much sought after location.
Nearest stations: Catford Bridge Station (0.1 mile) and Catford Station (0.1 miles)
Bus routes: 124,181, 202, 284, N171
Key Features:
Private balcony
Electrolux appliances
Secure bike storage
Amazing transport links only 3 minutes walk away
What happens after I register my interest?
You will receive an email confirmation that will confirm next steps including how to book a viewing, completing a financial assessment with a mortgage advisor and completing a Shared Ownership Application Form.
If you don’t receive this email within an hour of your registration, please check your spam or junk folders and set your spam filter to allow incoming emails from Peabody. If you still haven’t received the email, please contact enquiries@peabodynewhomes.co.uk and our team will be able to help you.
What is Resale Shared Ownership?
Through Shared Ownership you can buy up to 75% of the property, paying a low-cost rent on the remaining unpurchased 'share' of the home. What's more, your mortgage deposit is based on the value of the share you buy, not the full market value, making these homes even more affordable than buying through private sale. With resale properties, you must purchase your first share at the percentage the existing leaseholder owns or more.
Financial information
• Tenure: Leasehold
• Remaining lease term: 117
• Annual ground rent amount: £0
• Ground rent review period: No ground rent to pay until final staircasing.
• Annual service charge amount: £1,805.04
• Service charge review period: Annually
• Council tax band: B
You can add locations as 'My Places' and save them to your account. These are locations you wish to commute
to and from, and you can specify the maximum time of the commute and by which transport method.
The information displayed about this property comprises a property advertisement. Share to Buy Ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.
This calculator gives an estimate on the total monthly cost of mortgage, rent and service charge whenever applicable
£150,000
Shared Ownership Resale
Full price £300,000
Estimated monthly cost£1,199
Rent£305
Service charge£150
Mortgage£744
Calculated using a representative rate of 4.42%
Share
Deposit
£
How is this calculated?
How is this calculated?
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.
Contact housing provider
Your property enquiry has been submitted to Peabody New Homes.
Next steps
You can check and update your enquiry in the 'My Account' area.