Share Price £230,000 (from 50% Min. Share)

Full Value £460,000 | £23,000 Min. Deposit

Scheme: Shared Ownership Resales

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3 bedroom apartment in Lambeth

place Carew House, 132 Leigham Court Road, SW16 2RL

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date_range appt 15th - 20th sept 11am - 5pm call 0203 815 0060 to book
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Stunning 3 Bed 2 bathroom sixth Floor Apartment in Streatham available through shared ownership


Eligibility

You will need to be earning a guidance income of £62,466. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £23,000 Total approximate savings required £27,000.

Important borough specific eligibility criteria

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


Description

BRIEF OVERVIEW

Sixth Floor ,3 bedroom home in the London borough of Lambeth for £230,000(50% share price of £460,000 full market price), available through Shared Ownership.

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SPECIFICATION

Floor

Sixth

GIA
75sqm

EPC rating
C

Length of lease
114 Years Remaining

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Parking
None

Pets allowed
No

Number of bathrooms

2

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Viewings:

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

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AFFORDABILITY

Full Market Price: £420,000

Share Percentage: 60%

Equity Price: £252,000

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Monthly Fees

Monthly Rent: £259.05

Service Charge: £160.78

Estimated Total (per month): £419.83 excluding council tax


Key Features

Key Features

  • Secure door entry
  • 3 Bedroom
  • 2 Bedroom
  • Numerous bus routes
  • Tooting & Streatham Common greenspaces short walk away
  • 3 rail stations under a mile away

Local Transport

West Norwood Station – 0.7m
Streatham Hill Station – 0.7m
Tulse Hill Station – 0.9m


Download Documents

Link to the floor plan Energy Certificate
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Calculate Monthly Cost

Share price
£ 230,000
Min. £230,000
Share percentage
Min. 50%
Your deposit
Min. £23,000
Monthly cost*
£1,561
Cost breakdown
£390
Rent
£180
Service charge
£991
Mortgage*
Calculated using a representative rate of 3.09%
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Location

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.