1 bedroom apartment for sale
Sail Street, SE11 6NQ
Share percentage 100%, full price £358,000, £35,800 Min Deposit.
Share percentage 100%, full price £358,000, £35,800 Min Deposit
Monthly Cost: £1,603
Service charge £166,
Mortgage £1,437*
Calculated using a representative rate of 2.45%
Calculate estimated monthly costs
To be eligible to purchase this home, the buyer will need to:
- Live or work in the London borough of Lambeth
- Not currently own a property
- Earn less than £90,000
Summary
Your chance to own Pocket's flagship show home in Lambeth!
Description
Be the first to own Pocket's flagship show home in Lambeth and enjoy 100% homeownership from day one!
Discounted price: £358,000
At Pocket we build homes for people we call city makers. These are the Londoners who contribute economically, socially and culturally to the day-to-day life of the capital. Pocket homes are discounted by 20% to the local market, allowing Pocket owners to own 100% of their home at a discounted price.
Located a 15 minute walk from Waterloo Station in Zone 1, our flagship one-bedroom show home is now, for the very first time, available to one lucky first time buyer at a 20% discount provided that they:
- Live or work in Lambeth*
- Not currently own a property
- Earn under £90,000
This home comes fully furnished and is cleverly designed with space and energy-efficient features. Enjoy access to a communal roof terrace with skyline views over London - a space to relax after a long day or socialise with your fellow neighbours. You'll find a wide range of restaurants, shops and cafes nearby and Borough market is just a 10 minute cycle away!
Sail Street SE11 is a car-free development, and homeowners will not be granted a residents parking permit. This home comes with 117 years remaining on the lease with an annual ground rent of £350 and a B EPC rating. The 20% discount is applied on resale. Residents parking permits are not available.
A combination of boilers to deliver heating and hot water; each resident will be billed according to their own controlled usage and cannot change gas suppliers. Buyers can change to a different supplier of their choosing, subject to availability. Wiring for Sky+/Sky Q, BT telephone and BT Openreach Fibre and residents will receive a Hyperoptic Wi-Fi installed with a 3-month free service. Mobile coverage varies by provider, for an indication of specific speeds and supply or coverage in the area, refer to the Ofcom’s mobile and broadband checker. When the time comes to resell a Pocket home, you will initially have to try to find a buyer who meets the eligibility criteria. Subletting is only permitted in extenuating circumstances.
Key Features
- Fully furnished, never been lived in
- Secure cycle storage
- 15 min walk from Waterloo, Kennington and Elephant & Castle Stations
- Communal roof terrace with skyline views over London
- Wide range of restaurants, shops and cafés nearby
- 10 min cycle to Borough market
- Join a community of like-minded people
Particulars
Tenure: Leasehold
Lease Length: 117 years
Council Tax Band: C
Property Downloads
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Map
Material Information
Total rooms: 1
Furnished: Furnished
Washing Machine: No
Dishwasher: No
Fridge/Freezer: Yes
Parking: No
Outside Space/Garden: No
Year property was built: 2017
Unit size: Enquire with provider
Communal lift: Yes
Accessible measures: No
Flooded within the last 5 years: No
Listed property: No
Heating: Central
Sewerage: Mains supply
Water: Mains supply
Electricity: Mains supply
Broadband: FTTP (Fiber to the premises)
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 100%, full price £358,000, £35,800 Min Deposit. Calculated using a representative rate of 2.45%
