2 bedroom apartment for sale
Available
Galleria Court, London, SE15 6PW
£152,000
·
Shared Ownership Resale
Share percentage 40%, full price £380,000, £15,200 Min Deposit.
Available
2 bedrooms
Floor plan
Floor plan
Share percentage 40%, full price £380,000, £15,200 Min Deposit.
Monthly Cost: £1,606
Rent £588,
Service charge £251,
Mortgage £767*
Calculated using a representative rate of 4.59%
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 fantastic 2-bedroom apartment with a communal garden in Southwark, SE15
Description
Property reference number: 1639391
A lovely modern, newly decorated two double bedroom apartment with views looking towards Burgess Park.
The flat boasts a unique long gallery entrance corridor and comprises of a good-sized open-plan kitchen/living/dining space flooded with afternoon/evening sun, two double bedrooms, a three-piece bathroom, and a large storage cupboard.
Galleria Court is a gated development with a concierge service, lift, well-kept communal gardens, car park and two secure bike storage facilities. The building Concierge works 6 days a week and will receive and safely store any deliveries whilst you’re at work. An underground parking space is available by rental agreement.
Located in Zone 2, this corner of SE London has justifiably earned itself a reputation as a great place to live. Just a short distance away in Peckham, East Dulwich, Camberwell, Elephant and Castle you have lots of decent pubs, rooftop bars, cafes, restaurants and delis as well as Superstores such as Lidl, Tesco, Morrisons and Asda.
With 24hr busses situated outside the development, the apartment is within easy reach of Elephant & Castle tube station, Waterloo and Central London as well as being a short bus ride from Borough Market and London Bridge. The property is situated approximately 20 minutes’ walk or a short bus from Peckham Rye.
Burges Park offers a vast green landscaped space alongside a fishing lake, wildflower meadows, three cafes, playgrounds, and tennis courts. It is also the home of Southwark Rugby Club and has Park Run on Saturdays.
Transport:
• Nearest Railway Station: Elephant & Castle (1.8 miles), Peckham Rye & Bermondsey (1 mile)
• Bus Routes Nearby: 21, 53, 78, 172, 453, N21, N53, 63, 363, N63
• Bus Routes Nearby: 21, 53, 78, 172, 453, N21, N53, 63, 363, N63
Key features:
• London Zone 2
• Afternoon & Evening Sun
• Concierge 6 days a week
• Communal Gardens
• London Zone 2
• Afternoon & Evening Sun
• Concierge 6 days a week
• Communal Gardens
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 [email protected] 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: 130 years
Annual ground rent amount: £0.00
Ground rent review period: N/A
Annual service charge amount: £3,015.48
Service charge review period: Annually
Council tax band: C
Financial information correct as of 02.07.24
Financial information correct as of 02.07.24
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: C
Property Downloads
Floor Plan Energy CertificateMap
Queens Road Peckham (0.89 miles)
Peckham Rye (0.89 miles)
South Bermondsey (0.90 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.
£152,000
Shared Ownership Resale
Estimated Monthly Cost:£1,606
Rent
£588
Service Charge
£251
Mortgage
£767
Share percentage 40%, full price £380,000, £15,200 Min Deposit. Calculated using a representative rate of 4.59%
£
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.
