2 bedroom apartment for sale
Lanchester Way, New Cross, SE14 5HQ
Share percentage 40%, full price £375,000, £15,000 Min Deposit.
Share percentage 40%, full price £375,000, £15,000 Min Deposit.
Monthly Cost: £1,496
Rent £672,
Service charge £67,
Mortgage £757*
Calculated using a representative rate of 4.59%
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 for resale shared ownership, a two-bedroom, ground floor apartment situated in a popular sought-after area of New Cross, London.
Description
The apartment comprises a secure private entrance, open plan kitchen/reception, fitted kitchen with inbuilt oven and hob, two bedrooms, master bedroom with un-suite, family bathroom with shower over bath and large built in storage cupboard.
The property also benefits from access to a private rear patio and first come, first serve parking (permit required).
Length of Lease: Commenced 2017 with 125-year term
Council Tax Band: Lewisham Council - C
Gross Internal Area: 714m2
Prior to viewing: All applicants must be registered and approved by Hyde New Homes, and may be required to carry out a shared ownership affordability assessment.
FINANCIAL INFORMATION
Property Value = £375,000
Percentage Share = 40%
Share Price = £150,000
*Monthly Rent = £672.20
*Monthly Service Charge = £67.05
*Please note the rent and service charge is reviewed annually 01 April.
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
• Plenty of music pubs in the area, Deptford market a short bus ride away.
• Very close to local amenities, with a couple of big supermarkets just around the corner.
• Within proximity to local schools including, Haberdashers and St James Hatcham with Goldsmiths College just up the road.
• Good commuting, bus routes around the corner include the 21, 53, 136, 171, 177, 343, 346 and night busses
• The East London Line at New Cross Gate and New Cross is a five-minute walk away.
Particulars
Tenure: Leasehold
Lease Length: 118 years
Council Tax Band: C
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 40%, full price £375,000, £15,000 Min Deposit. Calculated using a representative rate of 4.59%
