1 bedroom apartment for sale
1 Salamanca Place, London, SE1 7HE
Share percentage 25%, full price £440,000, £11,000 Min Deposit.
Share percentage 25%, full price £440,000, £11,000 Min Deposit.
Monthly Cost: £1,582
Rent £757,
Service charge £270,
Mortgage £555*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
As a guide you will need to have a household income of at least £52,500. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £11,000. Total approximate savings required £15,000.
Important borough specific eligibility criteria
Borough of Lambeth
All London applicants will be considered. However, those living and working in the Lambeth will be given priority
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
One bedroom third floor apartment in Lambeth available through Shared Ownership
Description
This is a well presented modern one bedroom apartment that is located close to the Embankment and River Thames. There are plenty of cafes, supermarkets, bars, restaurants and other local amenities and recreational facilities close by as well as St Thomas hospital and excellent public transport links which makes the getting into the heart of London very quick and convenient.
Internal:
Entrance hallway with storage
Open plan kitchen/reception room
Bathroom
Double bedroom.
Excellent condition and modern
GIA:50 sqm
Borough: Lambeth
Key Features
Nearest Station:
Vauxhall (underground and rail): 0.5 miles (10 minutes walk)
Lambeth North (underground): 0.8 miles (16 minutes walk)
Kennington (underground) 0.8 miles (17 minutes walk)
Westminster (underground) 0.9 miles (18 minutes walk)
Particulars
Tenure: Not specified
Council Tax Band: Not specified
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 25%, full price £440,000, £11,000 Min Deposit. Calculated using a representative rate of 4.59%
