Share Price £175,000 (from 25% Min. Share)

Full Value £700,000 | £17,500 Min. Deposit

Scheme: Shared Ownership Resales

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2 bedroom apartment in Southwark

place 251 Southwark Bridge Road, SE1 6FJ

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Available for resale shared ownership, an extremely new and spacious, two-bedroom, seventh floor apartment in the vibrant and convenient area of Elephant and Castle, South London.


Eligibility

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.

Description

Available for resale shared ownership, an extremely new and spacious, two-bedroom, seventh floor apartment in the vibrant and convenient area of Elephant and Castle, South London.

Property description:

The property comprises a secure communal entrance with 24 hour concierge and audio/video entry system, lift access to seventh floor, private front door through to hallway with storage cupboard, kitchen with in-built oven and hob, open-plan lounge and dining area with floor to ceiling windows, large main bedroom with ensuite W/C, second double bedroom, underfloor heating and family bathroom with shower over bath.

This apartment also benefits from use of a cinema room, gym, sauna and a community garden.

Length of Lease: Approx. 997 Years

Council Tax Band: Southwark Council - E

Gross Internal Area: 70m2


Key Features

LOCAL AREA INFORMATION

The flat is conveniently located within walking distance from Central London i.e. a 30-minute walk to Covent Garden, Charing Cross.
Located in Zone 1 with exceptional transport links. Transportation links include a two-minute walk to the Elephant & Castle Underground station (Northern Line and Bakerloo line), Elephant & Castle train station and a high number of bus stops. London Bridge train station is 15 minutes away by foot.
Other Underground stations within 15-20 minutes’ walk and include Waterloo, Lambeth North, Borough and Kennington.
The London Cycle Superhighway 7 goes straight to the door and there are two Santander Cycle docking stations around the corner.
The popular nearby food market Mercato Metropolitano is 2 minutes’ walk away and Borough Market is another 10 minutes further North with good grocery shopping options.
Other spots within 15-minutes walking distance include Elephant Park, Southwark Playhouse, Newington Gardens, Tate Modern, Imperial War Museum and Geraldine Mary Harmsworth park and sports facilities.


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Energy Certificate

Accessibility

C – Lifetime Homes

Meets the space standards of the Lifetime Homes developed by the Joseph Rowntree Foundation. Designed to meet the space standards of Lifetime Homes. Main features include a level approach/entrance and wider doorways. This category will capture all new general needs housing built to Lifetime Homes standards. Properties achieving this category will not necessarily meet all Lifetime Homes design guidance as the LAHR framework does not assess features other than space and access. Properties may have an internal flight of stairs. If so, these will be wide enough to accommodate future provision of a stair lift subject to technical feasibility.


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Calculate Monthly Cost

Share price
£ 175,000
Min. £175,000
Share percentage
Min. 25%
Your deposit
Min. £17,500
Monthly cost*
£1,800
Cost breakdown
£714
Rent
£332
Service charge
£754
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.