2 bedroom apartment for sale
Co-operative House, Rye Lane, SE15 4UR
Share percentage 50%, full price £425,000, £21,250 Min Deposit.
Share percentage 50%, full price £425,000, £21,250 Min Deposit.
Monthly Cost: £1,731
Rent £389,
Service charge £264,
Mortgage £1,078*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
Summary
Unusual purpose built apartment in great location
Description
SHARED OWNERSHIP
Full Market Value: £425,000
Share Value (50%): £212,500
Monthly Rent: £389.14
Service Charge: £264.01
Council Tax Band: C
EWS1 Certification is available for this block - B1 rating
990 year lease commenced in January 2010 - 976 years remaining
A wide entrance hall, complete with two storage cupboards welcomes you into this apartment. consisting of anopen-plan kitchen and living area, flooded with natural light from wide floor-length windows, which open onto a private balcony. The double bedroom benefits from built-in storage cupboards and there is a second single bedroom/home office. A contemporary bathroom completes the accommodation.
Located in the heart of Rye Lane itself on top of all the local bars and restaurants that Peckham Rye has to offer. Transport links are provided via Peckham Rye, just a few minutes walk away and is served by the Overground, Southern, and Thameslink lines. There is a bus stop with a range of lines into the city and SE London outside the building.
The buyer will require a deposit to obtain a mortgage for this property.
To meet the requirements for this property we require as a guideline, a minimum household income of £64,751. If you are offered the home, your ability to afford this property will be assessed at your financial interview. Please note that applicants should purchase the maximum share that they can afford and sustain.
Only applicants who are registered with London and Quadrant will be eligible to be offered a property in one of our schemes. If you are not registered please visit our website www.lqhomes.comand register to obtain your unique reference number.
Your home is at risk if you fail to keep up repayments on a mortgage, rent or other loan secured on it. Please make sure you can afford the repayments before you take out a mortgage.
These particulars are of opinion only, are intended to give a fair description and do not form the basis of a contract. The descriptions and all other information are believed to be correct as of June 2024.
Key Features
- Well located
- Pet friendly
- Communal gardens
- Large private balcony
Particulars
Tenure: Leasehold
Lease Length: 976 years
Council Tax Band: C
Property Downloads
Key Information Document Floor Plan Energy CertificateVirtual Tour
Map
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 50%, full price £425,000, £21,250 Min Deposit. Calculated using a representative rate of 4.64%
