1 bedroom apartment for sale

Available

Bridgestone House, 27 Blue Anchor Lane, SE16 3UL

£160,000 · Shared Ownership Resale

Share percentage 40%, full price £400,000, £16,000 Min Deposit.

Available
1 bedroom
Floor plan
floor-plan
Floor plan
floor-plan
£160,000 Shared Ownership Resale

Share percentage 40%, full price £400,000, £16,000 Min Deposit.

Monthly Cost: £1,498
Rent £489, Service charge £197, Mortgage £812*

Calculated using a representative rate of 4.64%

Calculate estimated monthly costs

£
Summary

A fantastic 1-bedroom apartment with private balcony in Southwark

Description
Property reference number: 1639366
 
Discover the perfect blend of comfort and convenience in this charming 1-bedroom apartment, located on the first floor of a well-maintained block in Southwark. With a generous size of 61 square meters, Bridgestone House offers ample living space, complemented by a private balcony where you can unwind and enjoy the fresh air. The building boasts a communal garden and playground, ideal for relaxation and recreation. 

Situated just 0.4 miles from Bermondsey Underground Station, Bridgestone House offers superb connectivity to Central London. Whether you're commuting for work or exploring the city's iconic landmarks, you'll appreciate the swift access to major destinations. Enjoy a short journey to London Bridge, the West End, and Canary Wharf, making it easy to experience the best of what London has to offer. Additionally, the nearby Jubilee Line provides direct routes to popular areas such as Waterloo, Westminster, and Bond Street.

Southwark itself is a vibrant and dynamic area, rich in cultural and recreational activities. Take a stroll along the scenic South Bank, visit the renowned Borough Market for gourmet treats, or explore the historic Tower Bridge and Tate Modern. With an array of cafes, restaurants, and shops within walking distance, you'll find everything you need right at your doorstep.
 
Key Features
 
Integrated kitchen appliances 
Open plan kitchen 
Private balcony
 
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: 117 years
Annual ground rent amount: £250
Ground rent review period: Every 25 years
Annual service charge amount: £2,363.04
Service charge review period: Annually
Council tax band: D
 
*Financial information correct as of 19.07.2024
Particulars

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

Property Downloads
Floor Plan
Map
Bermondsey (0.33 miles) South Bermondsey (0.54 miles) Canada Water (0.64 miles)
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.

£160,000
Shared Ownership Resale
Estimated Monthly Cost:£1,498
Rent £489
Service Charge £197
Mortgage £812

Share percentage 40%, full price £400,000, £16,000 Min Deposit. Calculated using a representative rate of 4.64%


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.