2 bedroom apartment for sale
Leonard Court, Cobden Walk, SE15 2BP
Share percentage 40%, full price £500,000, £20,000 Min Deposit.
Share percentage 40%, full price £500,000, £20,000 Min Deposit
Monthly Cost: £1,573
Rent £333,
Service charge £230,
Mortgage £1,010*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
You will need to be earning a guidance income of £60,000.You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £20,000. Total approximate savings required £24,000.
Important borough specific eligibility criteria
London Borough of Southwark
All London applicants will be considered –with preference given to those who are either living or working 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
Two bedroom fourth floor apartment in Southwark available through Shared Ownership 40% at £200,000.
Description
Internal
- Entrance hallway
- Open plan living room and kitchen
- Bedroom 1
- Bedroom 2
- Bathroom
External
- Large private terrace
GIA
- 72sqm
EPC rating
- B
Lease length
- 120 years remaining
Key Features
Local Area
- Easy access to various amenities; schools, gyms, shops, restaurants, bars and recreational facilities.
Particulars
Tenure: Leasehold
Lease Length: 120 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: Yes - Terrace
Year property was built: Enquire with provider
Unit size: Enquire with provider
Accessible measures: Yes - Wide doorways
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 40%, full price £500,000, £20,000 Min Deposit. Calculated using a representative rate of 4.59%
