Share Price £255,000 (from 75% Min. Share)

Full Value £340,000 | £25,500 Min. Deposit

Scheme: Shared Ownership Resales

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2 bedroom apartment in Lambeth

place William Court, 351 Green Lane, SW16 3AN

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Ground floor flat 2 bedroom in Norbury, Lambeth for £340,000 at a 75% share price of £255,000, available through Shared Ownership.


Eligibility

You will need to be earning a guidance income of £56,208. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £25,500. Total approximate savings required £29,500.


All London applicants will be considered with priority given to people who live/work in Lambeth.

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.


Description

Ground floor, 2 bedroom home in the London borough of Lambeth for £255,000 (75% share price of £340,000 full market price), available through Shared Ownership.

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SPECIFICATION

Ground Floor

Entrance hall

Lounge

Kitchen

Bedroom 1

Bedroom 2

Bathroom/wc

GIA

63 sqm

EPC rating

C

Length of lease

115 Years Remaining

Number of bathrooms

1

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AFFORDABILITY

Full Market Price: £340,000

Share Percentage: 75%

Equity Price: £255,000
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Monthly Fees

Monthly Rent: £173.30

Service Charge: £96.70

*Monthly Mortgage: £1,289.77

Estimated Total (per month): £1,559.77 excluding council tax

*Estimate – The monthly mortgage is based on an interest rate of 4.5% with a capital and interest repayment over 25 years. It is based on a 10% mortgage. The rent may increase each year, the increase calculation will be specified in the lease.

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Viewings:

Register online or call 0203 815 0060 to book your appointment.


Key Features

Norbury Railway Station is found in Travelcard Zone 3 and the trains that service this station are mainly run by Southern although two early morning trains running from the station are operated by Thameslink. The station lies on the Brighton main line and is found between Streatham Common and Thornton Heath. During peak times, there are normally six trains an hour heading from Norbury to London Victoria and two trains an hour heading to London Bridge. Other destinations which can be reached from Norbury include Milton Keynes Central, Caterham, West Croydon, East Croydon, Sutton and Epsom.

William

Key Features

  • Parking available nearby on Strathbrook Road
  • Entry Phone System
  • Lift
  • Communal Garden
  • Bicycle storage
  • Close to Norbury Park
  • Close to Streatham Common

Local Transport

  • Norbury Rail Station – 0.3m
  • Streatham Common Rail Station – 0.8m
  • Streatham Station – 0.9

Download Documents

Energy Certificate

Accessibility

D – Easy Access

Compatible with the design standards in Mobility Standard Housing (1974) produced by the DoE and Housing Corporation Scheme Development Standards (pre-1999) and Part M of Building Regulations (2000). The main features of these properties include a level approach to the entrance, wider doorways and more space than in general needs housing. These properties may also have an internal flight of stairs and if so, there is enough space to accommodate future provision of a stair lift subject to technical feasibility.


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Calculate Monthly Cost

Share price
£ 255,000
Min. £255,000
Share percentage
Min. 75%
Your deposit
Min. £25,500
Monthly cost*
£1,369
Cost breakdown
£173
Rent
£97
Service charge
£1,099
Mortgage*
Calculated using a representative rate of 3.09%
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Disclaimer

The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together:

  • 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 costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.


NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.