1 bedroom apartment for sale
Eyot House, Sun Passage, SE16 4BP
Share percentage 60%, full price £430,000, £25,800 Min Deposit.
Share percentage 60%, full price £430,000, £25,800 Min Deposit.
Monthly Cost: £1,744
Rent £267,
Service charge £174,
Mortgage £1,303*
Calculated using a representative rate of 4.59%
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
Available through our resale shared ownership scheme, a seventh floor, one-bedroom apartment in Bermondsey.
Description
This top floor apartment is in fantastic condition and comprises a communal entrance with entry system, lift access, open plan kitchen and reception, kitchen with integrated appliances, private balcony, one bedroom, bathroom with shower over bath and hallway storage.
The property also benefits from access to permit parking and bicycle storage.
EWS1 available
Lease: Commenced 2010 with 125-year term
Council Tax Band: Southwark Council - D
Approx. Gross Internal Area: 513sq.ft.
Prior to viewing: All applicants must be registered and approved by Hyde New Homes and may be required to carry out a shared ownership affordability assessment.
FINANCIAL INFORMATION
Property Value = £430,000
Percentage Share = 60%
Share Price = £258,000
Monthly Rent = £266.95
Monthly Service Charge = £173.89
Please note the rent and service charge is reviewed annually 01 April.
Your home may be at risk if you do not keep up your mortgage and rent repayments. Particulars give an overall description of the property and are not intended to constitute an offer or form part of any contract. Areas, distances or measurements referred to are approximate. For confirmation of property details refer to the terms of the lease and plans from your solicitor. Hyde New Homes Resale properties are sold as seen, photographs and details (excluding financial information) are provided by the leaseholder. Please note that the Resales Team have not visited this property.
Key Features
- This area offers the perfect blend of urban convenience and historical charm, with renowned attractions such as Tower Bridge, Bermondsey Street, and Maltby Street Market just a 10 to 15-minute walk away.
- Tesco and Co-op supermarkets are both within a 3-minute walk, offering convenience for your everyday shopping needs. You’ll also find a Post Office and additional services along Jamaica Road.
- The area boasts a bustling weekend scene, with artisan bakeries and food stores popping up along the railway arches, providing a delightful selection of fresh produce and gourmet foods.
- Health services are also incredibly convenient, with a GP surgery and pharmacy offering a wide range of medical services, located on the ground floor of the apartment block.
- Well-connected for commuters and city explorers alike. Bermondsey Tube Station (Jubilee Line) is just a 6-minute walk away, with London Bridge only one stop away, and Canary Wharf two stops in the other direction, ensuring swift access to key business hubs. In addition, nearby bus stops provide direct routes into the City and West End.
Particulars
Tenure: Leasehold
Lease Length: 111 years
Council Tax Band: D
Property Downloads
Floor Plan Energy CertificateMap
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 60%, full price £430,000, £25,800 Min Deposit. Calculated using a representative rate of 4.59%
