2 bedroom apartment for sale
Prospect House, Sun Passage, SE16 4AF
Share percentage 35%, full price £590,000, £20,650 Min Deposit.
Share percentage 35%, full price £590,000, £20,650 Min Deposit.
Monthly Cost: £1,790
Rent £560,
Service charge £224,
Mortgage £1,006*
Calculated using a representative rate of 4.24%
Calculate estimated monthly costs
Summary
Available through our resale shared ownership scheme, a first floor, two-bedroom apartment in the vibrant and convenient area of Bermondsey, London.
Description
Prospect House, Sun Passage, Bermondsey, London, SE16 4AF
Property description:
This modern two bed property compromises a communal entrance with video entry system, lift access, entrance hall with storage cupboard, kitchen with integrated appliances, open-plan kitchen and reception, private balcony, master bedroom with built-in wardrobe, and bathroom with shower over bath.
The property also benefits from access to a well-maintained communal courtyard.
EWS1 available for lending
Length of Lease: Approx. 111 Years
Council Tax Band: Southwark Council - E
Gross Internal Area: 71m2
FINANCIAL INFORMATION
Property Value = £590,000
Percentage Share = 35%
Share Price = £206,500
*Monthly Rent = £560.37
*Monthly Service Charge = £224.13
**Monthly Mortgage Payment = £1,033
***Annual Household Income = £71,000
*Please note the rent and service charge is reviewed annually 01 April.
** Based on a 90%, 25-year repayment mortgage with an interest rate at 4.5%.
***Is based on a 10% mortgage deposit. If you have a higher deposit Hyde New Homes can discuss how the salary required is reduced (approximately every 5% extra deposit reduces the salary required by £1,200).
Your home may be at risk if you do not keep up your mortgage and rent repayments. Particulars give a fair overall description of the property and are not intended to constitute an offer or form part of any contract. Areas, distances or measurements referred to are approximate. For confirmation of property details refer to the terms of the lease and plans from your solicitor. Hyde New Homes Resale properties are sold as seen, photographs and details (excluding financial information) are provided by the leaseholder. Please note that the Resales Team have not visited this property.
Contact us now to arrange a viewing:
Please call the Sales Team on 0345 606 1221 and providethe following information:
Your Contact Number/Email
Your Hyde New Homes or Help to Buy reference number**
Your Deposit for the mortgage
If it is a Single/Joint application (if married it must be joint)
Your Current salary (single/Joint where applicable)
Do you have any children? If so, how many?
Do you own any pets? If so, what?
Are you a current homeowner?
**To obtain a Hyde New Homes Reference number, visit https://so.hydeform.co.uk/ to register and complete the online application. A reference number will be emailed to you once the application is completed.
Key Features
• Situated on the popular Bermondsey Spa development. A five-minute walk to Bermondsey Underground Station with direct services to Canary Wharf, Stratford and West London. Convenient bus services to many areas of London.
• Within walking distance of the bustling Bermondsey Street, Maltby Street Market, Shad Thames, Brewery Wharf, Southwark Park. Easy access to a variety of shops, restaurants, bars and other amenities.
• Within the catchment area for several outstanding schools.
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Energy CertificateMap
The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.
- 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.
Share percentage 35%, full price £590,000, £20,650 Min Deposit. Calculated using a representative rate of 4.24%
