1 bedroom apartment for sale
Somerset Place, 10 Brixton Hill, SW2 1EG
Share percentage 35%, full price £440,000, £15,400 Min Deposit.
Share percentage 35%, full price £440,000, £15,400 Min Deposit
Monthly Cost: £2,050
Rent £993,
Service charge £280,
Mortgage £777*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
You will need to be earning a guidance income of £68,584. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £15,000.Total approximate savings required £19,000.
Important borough specific eligibility criteria
Lambeth
Priority will be given to applicants who live or work in Lambeth but all can apply.
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
One bedroom third floor apartment in Lambeth available through Shared Ownership 35% at £154,000.
Description
Internal
- Entrance hallway
- Open plan living room and kitchen
- Bedroom 1
- Bathroom
External
- Large balcony
- Communal grounds
- Children play area
- Secured internal bicycle store
GIA
62sqm
EPC rating
B
Length of lease
242 years
Borough
Lambeth
Key Features
Local Transport
- Herne Hill (0.47 miles)
- Brixton (0.53 miles)
- Loughborough Junction (0.93 miles)
Particulars
Tenure: Leasehold
Lease Length: 242 years
Council Tax Band: Not specified
Property Downloads
Floor PlanMap
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: No
Outside Space/Garden: n/a - Private Balcony
Year property was built: Enquire with provider
Unit size: Enquire with provider
Accessible measures: Enquire with provider
Heating: Enquire with provider
Sewerage: Enquire with provider
Water: Enquire with provider
Electricity: Enquire with provider
Broadband: Enquire with provider
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 35%, full price £440,000, £15,400 Min Deposit. Calculated using a representative rate of 4.59%
