2 bedroom apartment for sale
Success House, Coopers Road, SE1 5ZT
Share percentage 50%, full price £440,000, £22,000 Min Deposit.
Share percentage 50%, full price £440,000, £22,000 Min Deposit.
Monthly Cost: £1,707
Rent £306,
Service charge £290,
Mortgage £1,111*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
Well-presented two-bedroom apartment with a balcony, now available in Southwark.
Description
The Old Kent Road is home to no less than seven different bus routes and enables easy access to the West End, The City, Waterloo and London Bridge. Bermondsey underground station and South Bermondsey railway station are just 10 minutes walk away offering an unprecedented choice for commuters.
Coopers Road also benefits from green spaces too! Burgess Park lies opposite the apartments and is ideal for taking it easy, for many types of exercise and it’s where you can also enjoy one of the many concerts, fairs and festivals it has to offer.
- Nearest Station: Bermondsey, Elephant & Castle
- Bus Routes Nearby: 53, 453, 78, 21, 172, 63 and 363
- Entrance: Hallway with one storage cupboard and entry phone system.
- Living room: Spacious living area with lots of natural light and sliding doors to balcony. Laminated timber flooring.
- Kitchen: White high gloss wall units with granite colour laminated worktop and splashback. Integrated appliances in very good condition. Laminated timber flooring.
- Bedroom one: Double bedroom with built-in wardrobe. Carpeted flooring.
- Bedroom two: Double bedroom. Carpeted flooring.
- Bathroom: White suite comprising tiled bath with shower head over bath, WC and hand washbasin with large mirror and light. Linoleum tiled flooring.
- Outside: Private balcony, secure cycle storage and communal garden.
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
• Remaining lease term: 112 years
• Annual ground rent amount: £250
• Ground rent review period: 25 years
• Annual service charge amount: £3,483.84
• Service charge review period: Annually
• Council tax band: D
*Financial information correct as of 01.08.2024
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: D
Property Downloads
Floor PlanMap
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 £440,000, £22,000 Min Deposit. Calculated using a representative rate of 4.59%
