2 bedroom apartment for sale

Available

Flat 7 Delta Court, 94 Worsley Bridge Road, SE26 5FL

£115,625 · Shared Ownership New Build

Share percentage 25%, full price £462,500, £5,781 Min Deposit.

Available
2 bedrooms
Floor plan
Floor plan
£115,625 Shared Ownership New Build · Eligibility Eligibility

Share percentage 25%, full price £462,500, £5,781 Min Deposit.

Monthly Cost: £1,499
Rent £795, Service charge £85, Mortgage £619*

Calculated using a representative rate of 4.64%

Calculate estimated monthly costs

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Eligibility
To be eligible for shared ownership you would need to meet the following criteria:
  • Your household income does not exceed £80,000 (outside of London) and £90,000 (inside of London)
  • You have a deposit of at least 5% of the share value
  • You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
  • This will be your only residence.
  • You are a permanent UK resident or have indefinite right to remain.
Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.
Summary

Brand new 2-bedroom Apartment in the Maybrey Works development, available through shared ownership in Sydenham. The price represents purchasing a 25% share of the property

Description

Brand new 2-bedroom Apartment in the Maybrey Works development, available through shared ownership in Sydenham. The price represents purchasing a 25% share of the property


ELIGIBILITY CRITERIA:

Applicants must reside in London

Income caps apply – Maximum household income must not exceed £38,500 for 1 bedroom properties, £50,500 for 2 bedroom properties and £62,500 for 3 bedroom properties.


About the Development

Maybrey Works is a development of new homes in Sydenham, South London, close to local amenities and situated just a short walk from the nearest train station for travel to central London and the City.

Many apartments have balconies and offer water views, and will appeal to a wide audience, including professionals and first-time buyers. Maybrey Works also offers the ability to work from home in our work hub, which is open to all residents.

About the Home

This plot is a wonderful new 2-bedroom flat. The property opens to a long hallway. Directly in front of you there is a separate utility room. To the other side there is also a spacious storage cupboard. Further down you are presented with the two very spacious and bright bedrooms. The flat is also offered with a 3-piece bathroom with a shower over bath. Furthermore, there is a wonderful Kitchen/living/dining area that leads onto a large private balcony.

About the Area

Maybrey Works is located within easy reach of everything you could need for everyday life and a whole lot more. The local amenities of Sydenham are close-by and offer all the essentials, including restaurants, bars and schools, while Lower Sydenham railway station is a three minute walk away and operates regular services into London Bridge in just under 15 minutes.

Shared Ownership

The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller upfront payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright. You can buy a minimum 45% share of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.

T&Cs

*Please note images are for information purposes only and may not represent a true likeness for the units being sold. Some or all images have been digitally furnished to represent how the home could be laid out and the final colours/appearance may differ from the images.

*Services Charges will apply, speak to our Sales Agent for more information. Costs are subject to change.

Key Features
  1. 2 bedroom 3rd floor apartment
  2. Flooring throughout
  3. Storage space
  4. Separate Utility cupboard
  5. 3 piece bathroom with shower over bath
  6. Large bedroom windows
  7. Private balcony
  8. Estimated Service charge £139.43pcm
Particulars

Tenure: Not specified
Council Tax Band: Not specified

Property Downloads
Floor Plan Energy Certificate
Map
Lower Sydenham (0.10 miles) New Beckenham (0.51 miles) Beckenham Hill (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.

£115,625
Shared Ownership New Build
Estimated Monthly Cost:£1,499
Rent £795
Service Charge £85
Mortgage £619

Share percentage 25%, full price £462,500, £5,781 Min Deposit. Calculated using a representative rate of 4.64%


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.