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2 bedroom apartment for sale

Available

Ferdinand Court, Adenmore Road, SE6 4BG

£114,000 · Shared Ownership Resale

Share percentage 30%, full price £380,000, £11,400 Min Deposit.

Available
2 bedrooms
Floor plan
floor-plan
Floor plan
floor-plan
£114,000 Shared Ownership Resale · Eligibility Eligibility

Share percentage 30%, full price £380,000, £11,400 Min Deposit.

Monthly Cost: £1,375
Rent £653, Service charge £144, Mortgage £578*

Calculated using a representative rate of 4.64%

Calculate estimated monthly costs

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Eligibility
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.
Summary

A stunning 2-bedroom apartment in Catford with private balcony.

Description
Property reference number: 1639241
 
This spacious 2-bedroom apartment with private balcony is available 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
  • 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: 116
•    Annual ground rent amount: £0
•    Ground rent review period: No ground rent to pay until final staircasing.
•    Annual service charge amount: £1,729.56
•    Service charge review period: Annually
•    Council tax band: C

*Financial information correct as of 27.06.2024
Particulars

Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: C

Property Downloads
Floor Plan
Map
Catford Bridge (0.09 miles) Catford (0.13 miles) Ladywell (0.75 miles)
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Monthly Cost Calculator

The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.

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  • 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.

£114,000
Shared Ownership Resale
Estimated Monthly Cost:£1,375
Rent £653
Service Charge £144
Mortgage £578

Share percentage 30%, full price £380,000, £11,400 Min Deposit. Calculated using a representative rate of 4.64%

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Disclaimer
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.