Share percentage 40%, full price £310,000, £6,200 Min Deposit.
Monthly Cost: £1,512
Rent £606,
Service charge £215,
Mortgage £691*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
You may be eligible for this property if:
- You have a gross household income of no more than £90,000 per annum.
- You are unable to purchase a suitable home to meet your housing needs on the open market.
- You do not already own a home or you will have sold your current home before you purchase or rent.
Summary
We are delighted to market this 1 Bedroom property in central London.
Description
We are delighted to market this 1 Bedroom property in central London. The property is a Studio room, with a modern design. You are welcomed into your own entrance porch, allowing room for coats and shoes. Inside the property, to the left, you have a living space/kitchen which is separated from the sleeping area with a dividing wall. The property provides multiple storage cupboards, and is a good space. The bathroom has floor to ceiling tiles and has a walk in shower.
Key Features
The property is located close to public transport links, Borough Underground Station (Northern Line), and numerous bus routes into the City and West End, as well as to the south of the borough and Waterloo. The property is close to Borough High Street (A3), a main arterial road that links The City and Central London to the south of the city and beyond.
Particulars
Tenure: Leasehold
Lease Length: 106 years
Council Tax Band: C
Property Downloads
Key Information Document 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 40%, full price £310,000, £6,200 Min Deposit. Calculated using a representative rate of 5.03%
