1 bedroom apartment for sale

Under Offer

11 Steedman Street, Elephant & Castle, SE17 3AF

£150,000 · Shared Ownership Resale

Share percentage 30%, full price £500,000, £7,500 Min Deposit.

Under Offer
1 bedroom
1 Bathroom
Private Balcony/Terrace
£150,000 Shared Ownership Resale · Eligibility Eligibility

Share percentage 30%, full price £500,000, £7,500 Min Deposit.

Monthly Cost: £1,393
Rent £489, Service charge £133, Mortgage £771*

Calculated using a representative rate of 4.24%

Calculate estimated monthly costs

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Eligibility

You may be eligible for this property if:

  • You have a gross household income of no more than £80,000 per annum.
  • You are unable to purchase a suitable home to meet your housing needs on the open market.
  • You do not already own a home or you will have sold your current home before you purchase or rent.

Closing date for applications: ASAP - now on a first come first serve basis.

Register your interest to book a viewing

For more information about this property please contact resales@optivo.org.uk

Summary

1 Double Bedroom Apartment with Balcony

Description

Optivo are delighted to present this modern and well presented 1 double bedroom apartment situated on the 5th Floor.

Accommodation:

Description:
A one bedroom / one bathroom apartment. The property is presentedin good condition.

Accommodation:

Entrance hallway – 2.2m x 1.3m

Bedroom 1 – 4.1m x 3.2m

Kitchen & Lounge – 7.0m x 3.3m

Bathroom W/C – 2.2m x 2.0m

Gross Internal Floor Area: 42 sqm

Location:

Steedman Street is ideally located moments away from Elephant and Castle so has great transport links. It is also a short walk from Borough Market, Mercato Metropolitano and London Bridge.

The flat is a few minutes walk from the Elephant Park Development which forms part of the Elephant and Castle Regeneration Scheme, which included shops, restaurants and cafes.

The new 'Town Centre' shopping complex is under construction and due to be completed in 2026 delivering a thriving new zone 1 destination, which will become a focal point for the local community. It will include a range of high street and independent retailers, and enhanced restaurant and leisure opportunities.

Transport links are well catered for, with Elephant and Castle National Rail and Zone 1 underground stations for the Thameslink, Southeastern, Bakerloo and Northern lines 0.3m away and several bus stops within minutes away.

There are lots of amenities in the area including 3 supermarkets, restaurants, cafes and bars.

There are two car parks within 10 minute walk

The 5th floor flat gives great views of London including The London Eye, Parliament and Battersea Power Station

Key Features

1 Double Bedroom

Balcony

Open Plan

5th Floor with great views

Close to amenities

Excellent Transport Links

Leas Term: 99 Years from 1st March 2006

EPC: B-84

Particulars

Tenure: Not specified
Council Tax Band: Not specified

Map
Elephant & Castle (0.30 miles) Kennington (0.35 miles) Borough (0.67 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.

£150,000
Shared Ownership Resale
Estimated Monthly Cost:£1,393
Rent £489
Service Charge £133
Mortgage £771

Share percentage 30%, full price £500,000, £7,500 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.