2 bedroom apartment for sale
Purbeck Gardens, , SE26 5FG
Share percentage 25%, full price £430,000, £10,750 Min Deposit.
Share percentage 25%, full price £430,000, £10,750 Min Deposit.
Monthly Cost: £1,369
Rent £664,
Service charge £160,
Mortgage £545*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Sydenham, London
Description
Modern and spacious two-bedroom apartment in Sydenham available through Shared Ownership. This third-floor apartment comprises an entrance hall with a large storage cupboard, an open-plan kitchen and reception room with a balcony, a large bedroom with an en-suite, a second bedroom, and a family bathroom with WC. The property also benefits from a balcony accessed via the reception room and an allocated parking space.
Minimum income required: £43,951
This is reduced if a larger deposit is available.
More shares can be purchased, from a minimum of 10%.
Available for £107,500 for 25% share based on the marketing figure of £430,000.
Monthly rent - £663.58
Monthly Service Charge - £160.00
Total Monthly Charge - £823.58 plus mortgage required for 25% share.
Energy Rating Band - B
Environmental Impact Band - A
All room dimensions are approximate.
Please note figures given for the SO Resi monthly payment and service charge are correct at the time of marketing. There is an annual increase that takes place in April. Please contact us for more information.
Key Features
- Two bedrooms
- Third floor
- Open plan living area
- Private balcony
- Allocated parking space
- Available for 25% share
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor PlanMap
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 25%, full price £430,000, £10,750 Min Deposit. Calculated using a representative rate of 4.64%
