2 bedroom apartment for sale

Available

37 Effra Parade, SW2 1PF

£171,500 · Shared Ownership Resale

Share percentage 35%, full price £490,000, £17,150 Min Deposit.

Available
2 bedrooms
1 Bathroom
Floor plan
floor-plan
Floor plan
floor-plan
£171,500 Shared Ownership Resale · Eligibility Eligibility

Share percentage 35%, full price £490,000, £17,150 Min Deposit.

Monthly Cost: £1,400
Rent £518, Service charge £143, Mortgage £739*

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 must be at least 18 years old -Your annual household income must be less than £90,000 -You are unable to purchase a suitable home to meet your housing needs on the open market -You should generally be 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

Lambeth: two-bed (68m2), second floor apartment, now available.

Description

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

The Effra Parade property is a twobedroom, secondfloor apartment, with an approximate size of 68sq. m situated in a block of flats built in 2007. It benefits from a communal courtyard. The lease remaining on the property is 109 years.

There are good transport links with Brixton underground station (Victoria Line) 0.5 miles away, also served by National Rail at Brixton serving Victoria mainline station. Herne Hill National Rail is 0.5 miles linking to Victoria and King's Cross via Blackfriars.

Local amenities are located 0.1 miles away along Effra Parade, and for leisure and enjoyment, Brockwell Park and Lido is within 0.2 miles. Brixton and Herne Hill restaurants and numerous pubs and coffee shops are all within 5-10 minute walk.

  • Nearest Station: Brixton Station (Zone 2) served by the National Rail and Victoria Line.
  • Bus routes nearby: 3, 37, 196, 322, 2, 432 and N3 from Dalberg Road, Dulwich Road, Railton Road and Effra Road.

The property located on the secondfloor comprises:

  • Entrance: Hallway with large cupboardand entry phone system.
  • Living room: Spacious lounge overlooking thecommunal area andlots of natural light leading to a modern open plan kitchen. Beige carpeted flooring.
  • Kitchen: Creamwall units withbrown worktop and tiled splashback. Integrated appliances in very good condition. Linoleum flooring.
  • Bedroom one: Double bedroom with fittedwardrobe. Cream carpeted flooring.
  • Bedroom two: Double bedroom. Cream carpeted flooring.
  • Bathroom: White bathroom suite comprising panelled bath with chrome shower head, WC and hand washbasin with mirror over. Tiled flooring.
  • Outside:Gated communal yardand secure 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: 109Years
  • Annual ground rent amount: N/A
  • Ground rent review period: N/A
  • Annual service charge amount: £1,712.28
  • Service charge review period: 1st April annually
  • Council tax band: Band D
Key Features
  • Available through Shared Ownership
  • Beautifully presented
  • Great transport links
  • Two bedrooms
Property Downloads
Floor Plan
Map
Herne Hill (0.37 miles) Brixton (0.45 miles) Loughborough Junction (0.74 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.

£171,500
Shared Ownership Resale
Estimated Monthly Cost:£1,400
Rent £518
Service Charge £143
Mortgage £739

Share percentage 35%, full price £490,000, £17,150 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.