1 bedroom apartment for sale

Available

20 Albert Embankment, 20 Albert Embankment, SE1 7FY

£250,000 · Shared Ownership Resale

Share percentage 40%, full price £625,000, £25,000 Min Deposit.

Available
1 bedroom
£250,000 Shared Ownership Resale · Eligibility Eligibility

Share percentage 40%, full price £625,000, £25,000 Min Deposit.

Monthly Cost: £2,027
Rent £538, Service charge £271, Mortgage £1,218*

Calculated using a representative rate of 4.24%

Calculate estimated monthly costs

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Eligibility

Eligibility Criteria 

·       Household income must not exceed £80,000 (outside of London) or £90,000 (in London)  

·       Must pass the One Housing financial assessment (done after receiving the application, which can only be submitted after viewing the property) 

·       No cash buyers  

·       No pets 

·       Applicants must be able to afford their purchase, and sustain their housing costs  

·       Applicants are primarily expected to be first time buyers, though some applicants who own or have previously owned a home may be eligible, including existing shared owners  

·       Applicants must be unable to purchase a property suitable to meet their needs on the open market  

·       Priority will be given to Armed Forces personnel (serving military personnel and former members of the British Armed Forces discharged in the last 2 years) and then on a first come first serve basis 

 

Please be advised that if all applicants meet the criteria above the property will be offered on a first come first serve basis, this means that the first eligible applicant who submits an application will be nominated as the buyer. 

 

Summary

Modern one bedroom flat

Description

Full Market Value:£625,00

40% Share: £250,000

Rent: £537.98

Service Charges: £271.18

Lease 125 years from and including 22 January 2019

Modern one bedroom flat with combined lounge/dining/kitchen area.

Ample space for a six-seater table. High ceiling makes it feel more spacious.
Spacious double bedroom, also with high ceilings and TV outlet.
Fully fitted kitchen with dishwasher and AEG appliances.
Bathroom has two entries – from bedroom and from hall. New modern shower installed.
Washing machine/spin dryer in the utilities cupboard.
The balcony at the front overlooks the Thames. The bedroom window overlooks some of the City skyline and Vauxhall Park at the rear. Tate Britain is across the Thames from Vauxhall Bridge. Easy walks into the city and South Bank.
Excellent transport at Vauxhall – trains, undergrounds, buses in every direction
Sainsbury’s, Tesco, and Waitrose Express supermarkets at Vauxhall Station with bigger supermarkets a bus-ride away.


The flat is being sold as a shared-ownership property for 55+ age group through One Housing; management on site; entertainment, lounge/bar/dining room, laundry on 1st floor. Secure building with intercom from entry to flat, as well as intercom with care staff.

Particulars

Tenure: Not specified
Council Tax Band: Not specified

Map
Vauxhall (0.43 miles) Pimlico (0.52 miles) Lambeth North (0.66 miles)
Monthly Cost Calculator

The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.

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  • 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.

£250,000
Shared Ownership Resale
Estimated Monthly Cost:£2,027
Rent £538
Service Charge £271
Mortgage £1,218

Share percentage 40%, full price £625,000, £25,000 Min Deposit. Calculated using a representative rate of 4.24%


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.