1 bedroom apartment for sale
98 Reaston Street, SE14 5FT
Share percentage 45%, full price £320,000, £14,400 Min Deposit.
Share percentage 45%, full price £320,000, £14,400 Min Deposit.
Monthly Cost: £1,371
Rent £474,
Service charge £170,
Mortgage £727*
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 1st floor, one-bedroom apartment in London.
Description
Property description:
The property comprises a communal and wheelchair accessible entrance, entry system, lift access, open plan kitchen and reception, kitchen with integrated appliances, private balcony, one bedroom, family bathroom with shower over bath and hallway storage cupboard.
The property also benefits from access to a courtyard.
Lease: Commenced 2015 with 125-year term
Council Tax Band: Lewisham Council - B
Approx. Gross Internal Area:545sq.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 = £320,000
Percentage Share = 45%
Share Price = £144,000
Monthly Rent = £473.70
Monthly Service Charge = £170.23
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. Please note that the Resales Team have not visited this property.
Key Features
LOCAL AREA INFORMATION
· Located near New Cross Gate and Queens Road Peckham Stations which provide trains to Central London and Overground services. Also located next to New Cross Road with great bus connections.
· Sainsbury's, Lidl and Aldi (Currently under construction) are all within walking distance along with other local shops located on both New Cross Road and Old Kent Road.
· The New Cross area has a great variety of restaurants, cafes, pubs and coffee shops but the flat also neighbours Nunhead, Deptford and Peckham which also offer a great variety of leisure activities including cinema, library and swimming pools.
· There are a number of primary and secondary schools in the area that are within walking distance from the flat with both Good and Outstanding Ofsted ratings.
Particulars
Tenure: Leasehold
Lease Length: 116 years
Council Tax Band: B
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 45%, full price £320,000, £14,400 Min Deposit. Calculated using a representative rate of 4.59%
