1 bedroom apartment for sale
71 Akerman Road, SW9 6FX
Share percentage 40%, full price £415,000, £16,600 Min Deposit.
Share percentage 40%, full price £415,000, £16,600 Min Deposit.
Monthly Cost: £1,830
Rent £850,
Service charge £142,
Mortgage £838*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
As a guide you will need to have a household income of at least £67,824.You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £16,600. Total approximate savings required £20,000.
Important borough specific eligibility criteria
Lambeth
All London applicants will be considered with priority given to people who live/work in the borough.
Applicants must be earning under £90,000 to be eligible for one, two- and three-bedroom apartments.
If you are an existing homeowner, we will not be able to allocate you a home unless you have found a buyer for your existing home and are deemed to be in need of housing by your local council.
Summary
Second floor one bedroom home in the London borough of Lambeth
Description
Ground Floor
Entryphone system to Communal
Hallway
Stairwell
Second Floor
Bedroom
Reception/Kitchen
Hallway
Bathroom with WC.
External
Balcony
GIA
59 sqm excluding balcony
Length of lease
90 Years Remaining
Key Features
Local Transport
Loughborough Junction station (0.9 km)
Oval underground station (1.4 km)
Stockwell underground station (1.5 km)
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Map
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 £415,000, £16,600 Min Deposit. Calculated using a representative rate of 4.59%
