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1 bedroom apartment for sale

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Herne Hill Rd, Loughborough Junction, SE24 0AU

£116,250 · Shared Ownership New Build

Share percentage 25%, full price £465,000, £11,625 Min Deposit.

Available
1 bedroom
Floor plan
floor-plan
Floor plan
floor-plan
£116,250 Shared Ownership New Build · Eligibility Eligibility

Share percentage 25%, full price £465,000, £11,625 Min Deposit.

Monthly Cost: £1,547
Rent £773, Service charge £187, Mortgage £587*

Calculated using a representative rate of 4.59%

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Eligibility
You may be eligible for this property if: You are at least 18 years old, Your annual household income is less than £90,000, You are unable to purchase a suitable home to meet your housing needs on the open market, You do not already own a property or you are in the process of selling your property.
Summary

A stunning new apartment in a much sought-after location between trendy Brixton and chic Herne Hill

Description

Discover Higgs Yard in the beating heart of SE24 

Higgs Yard is nestled between the eclectic eateries and trendy hangouts of Brixton and the leafy open space of Herne Hill. The development conveniently has everything you need, right on your doorstep. Located in Zone 2, central London is less than half an hour away.
 
All apartments feature contemporary designs, with deluxe interiors and private balconies.
 
Why buy a home at Higgs Yard?
 
- Access to podium gardens and roof terraces
- Private balcony to all apartments
- Secure cycle storage
- Pet-friendly development
- High-specification interiors
- Integrated appliances
- Children's play area
 
Shared Ownership cost breakdown - 25% share  
Full market value = £475,000
Example 25% share price = £118,750
Estimated monthly rent = £816
Estimated monthly mortgage = £926
Estimated monthly service charge = £192
 
Financial information 
Tenure: Leasehold 
Length of lease: 999 years 
Annual service charge amount: £2,304 
Service charge review period: Annual 
Council tax band: TBC
 
What is Shared Ownership?
Shared Ownership is a government-backed part buy, part rent scheme that helps you to purchase a home that otherwise may not have been affordable. Through Shared Ownership, you can purchase a ‘share’ of a home, typically between 25% and 75%, and pay rent on the remaining amount. Then, over time, you can purchase more shares all the way up to 100%, or simply sell your home on the open market. 
 
What's more, your deposit is based on the value of the share you buy, not the full market value, making these high-spec homes even more affordable when compared to buying a home outright.  
 
Register your interest or search “Peabody New Homes Shared Ownership” to find out more. 
 
Disclaimer and T's and C's:
*The financial information provided is indicative of the costs for this property type at this development and is intended to be used as a guide only. Please seek advice from an Independent Financial Advisor for accurate financial information related to your specific circumstances.

 

Particulars

Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: Not specified

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Floor Plan Brochure Brochure
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Loughborough Junction (0.18 miles) Denmark Hill (0.43 miles) Brixton (0.67 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.

£116,250
Shared Ownership New Build
Estimated Monthly Cost:£1,547
Rent £773
Service Charge £187
Mortgage £587

Share percentage 25%, full price £465,000, £11,625 Min Deposit. Calculated using a representative rate of 4.59%

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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.