2 bedroom apartment for sale
251 Southwark Bridge Road, SE1 6FJ
Share percentage 35%, full price £750,000, £26,250 Min Deposit.
Share percentage 35%, full price £750,000, £26,250 Min Deposit
Monthly Cost: £2,671
Rent £850,
Service charge £496,
Mortgage £1,325*
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
A fourth floor, two-bedroom apartment in London.
Description
Property features:
● Communal and wheelchair accessible entrance
● Entry system and lift access
● 24 hour concierge
● Open plan kitchen and living/dining space
● Kitchen with integrated appliances
● Two double bedrooms with fitted wardrobes and wool carpets
● Ensuite bathroom has a waterfall shower
● Family bathroom with shower over bath
● Hallway storage cupboard
Extras
● Underfloor heating throughout
● Triple Glazed windows
● Oak-engineered flooring in kitchen, living space and hallway
● Wintergarden with full-height glazing and views of St Paul's and Tate Modern
● Views of green wall throughout
● Communal and permit parking
● Garage
Lease: Commenced 2018 with 999-year term
Council Tax Band: Southwark Council - E
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 = £750,000
Percentage Share = 35%
Share Price = £262,500
Monthly Rent = £849.52 (From 1st April 2025)
Monthly Service Charge = £496.24 (From 1st April 2025)
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:
- 0.1 miles to Elephant and Castle underground and 0.2 miles to national rail - also near Borough and Southwark underground.
- Close to local shopping and amenities including Mercarto Metropolitano, Elephant Park, Elephant Central, Bermondsey Street and Borough Market.
- Located in Zone 1, within minutes of the South Bank, West End and the City. It is benefitting from the regeneration of Elephant and Castle.
Particulars
Tenure: Leasehold
Lease Length: 992 years
Council Tax Band: E
Property Downloads
Floor Plan Energy CertificateMap
Material Information
Total rooms: 2
Furnished: Unfurnished
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: Yes - Communal
Outside Space/Garden: n/a
Year property was built: Enquire with provider
Unit size: Enquire with provider
Accessible measures: Yes - Lift access
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 £750,000, £26,250 Min Deposit. Calculated using a representative rate of 4.59%
