1 bedroom apartment for sale

Available

Faith Court, Coopers Road, SE1 5HD

£180,000 · Shared Ownership Resale

Share percentage 50%, full price £360,000, £18,000 Min Deposit.

Available
1 bedroom
1 Bathroom
Floor plan
floor-plan
Floor plan
floor-plan
£180,000 Shared Ownership Resale · Eligibility Eligibility

Share percentage 50%, full price £360,000, £18,000 Min Deposit.

Monthly Cost: £1,259
Rent £346, Service charge £137, Mortgage £776*

Calculated using a representative rate of 3.09%

Calculate estimated monthly costs

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Eligibility
You may be eligible for this property if: -You are at least 18 years old -Your annual household income is be less than £90,000 -You are unable to purchase a suitable home to meet your housing needs on the open market -You are generally a first time buyer. If you already own a property, you must be in the process of selling or have already sold it before you can apply Please note that applicants will be expected to purchase the maximum share that is sustainable for them.
Summary

One-Bed (50m2), Third Floor Apartment with Balcony, now available in Southwark

Description

Once you have registered your interest, you will receive an email to book your viewing.

This light and airy flat in Faith Court is a beautifulone-bedroom, thirdfloor apartment in a three storey development, built approximately twelveyears ago. The remaining time on the lease is 112years and its approximate size is 50 sq. meters.

The Old Kent Road is home to no less than seven different bus routes and enables easy access to the West End, The City, Waterloo and London Bridge. Bermondsey underground station and South Bermondsey railway station are just 10 minutes walk away offering an unprecedented choice for commuters

Coopers Road also benefits from green spaces too! Burgess Park lies opposite the apartments and is ideal for taking it easy, for many types of exercise and it’s where you can also enjoy one of the many concerts, fairs and festivals it has to offer.

  • Nearest Station: Bermondsey, Elephant & Castle
  • Bus Routes Nearby: 53, 453, 78, 21, 172, 63 and 363

The property located on thirdfloor comprises:

  • Living Room: Spacious lounge, with large windows, lots of natural light and access to private balcony. Oak laminated wooden flooring.
  • Kitchen: High gloss white base units, granite look worktop with stainless-steel back splash. Integrated appliances in good condition. Oak laminated wooden flooring.
  • Bedroom One: Master bedroom. Grey carpeted flooring.
  • Bathroom:Cream suite, comprising panelled bath with shower head, hand washbasin, pedestal sink and mirror over. Chrome heated towel rail. Black linoleum flooring.
  • Outside: Private balcony, communal garden and cycle storage

What happens after I register my interest?

After registering your interest for a Peabody home, you will receive an email confirmation from us. The email will confirm what you need to do next to secure a property viewing which includes completing a financial assessment with a mortgage advisor and completing the Shared Ownership Application Form.

If you don’t receive this email within an hour of your registration, please check your spam or junk folders and set your spam filter to allow incoming emails from Peabody. If you still haven’t received the email after checking here, please contact peabody.resales@peabody.org.uk and our team will be able to help you.

What is Shared Ownership?

Available to purchase through Shared Ownership, purchasers are able to buy as much of the property as they can afford, from 25 - 75%, paying a low cost rent on the remaining unpurchased 'share' of the home. What's more, your mortgage deposit is based on the value of the share you buy, not the full market value, making these high-spec homes even more affordable in such a sought after location.

Financial information

  • Tenure:Leasehold
  • Remaining Lease Term: 112 Years
  • Annual ground rent amount: £250 after final staircasing
  • Ground rent review period: 1st April annually
  • Annual service charge amount: £2,923.32
  • Service charge review period: 1st April annually
  • Council tax band: Band C
Key Features
  • Available through Shared Ownership
  • Beautifully presented
  • Great transport links
  • Large Private Balcony
Property Downloads
Floor Plan
Map
South Bermondsey (0.73 miles) Bermondsey (0.77 miles) Surrey Quays (1.11 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 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.

£180,000
Shared Ownership Resale
Estimated Monthly Cost:£1,259
Rent £346
Service Charge £137
Mortgage £776

Share percentage 50%, full price £360,000, £18,000 Min Deposit. Calculated using a representative rate of 3.09%


Development
Resales
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.