2 bedroom apartment for sale
Burnfoot Court, 7 Wood vale, SE23 3DS
Share percentage 25%, full price £340,000, £4,250 Min Deposit.
Share percentage 25%, full price £340,000, £4,250 Min Deposit.
Monthly Cost: £1,079
Rent £445,
Service charge £197,
Mortgage £437*
Calculated using a representative rate of 4.24%
Calculate estimated monthly costs
You may be eligible for this property if:
· You have a gross household income of no more than £90,000 per annum when eligible to purchase.
· 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.
· To purchase this 25% minimum share you will need a minimum joint household income of £39444 and available savings of £4250 for a 5% mortgage deposit.
Summary
Optivo are delighted to offer highly in demand Wood Vale road 2 bed property
Description
This must-have property is located on the highly sort after Wood vale street in Dulwich.
This blank canvas is perfect for those wishing to make their mark on an apartment with great potential.
Consisting of a large reception room, kitchen, two generous sized bedrooms & bathroom, this property is ideal for those wishing to get on the property market.
There is also the option to extend the lease adding more value to the property.
99 years from commencement date 01-03-1992 – 69 years left.
With a lease extension – lease will be extended to 159 years.
Lease extension fee payable to Optivo is £35,000 (if agreed by the lease extension team).
This property also benefits from parking & a Communal Garden.
Viewings by appointment only. Please note Social Distancing measures need to be followed. Please contact resales via e-mail resales@optivo.org.uk for the vendors details.
If you would like to apply after you have conducted a viewing, a PDF writable application form can be saved from the Brochure Section on this advert. Please email a fully completed copy to resales@optivo.org.uk
Application forms need to be returned to Southern Housing ASAP
Please note though that if a high volume of applications is received, the deadline might be brought forward.
*Please note the successful applicant will be required to pay a £250 non-refundable reservation fee once offered the property.
Key Features
The property is in walking distance to public transport and Forest Hill Station is approximately 0.5 miles away. Honor Oak station is approximately 0.9 miles away. There are two good primary schools nearby and a secondary girl's school in nearby Forest Hill.
Dulwich is nearby which has lots of Restaurants, and a cinema. Many of these places are within walking distance or a short bus ride away. The bus service is very frequent to Lewisham and central London
TRANSPORT
Forest Hill Station
0.5 miles
Honor Oak Park Station
0.9 miles
Sydenham Hill Station
1.0 miles
NEAREST SCHOOLS
Horniman Primary School
State School
Ofsted: Good
0.2 miles
Eliot Bank Primary School
State School
Ofsted: Outstanding
0.4 miles
Fairlawn Primary School
State School
Ofsted: Good
0.5 miles
Goodrich Community Primary School
State School
Ofsted: Good
0.5 miles
Particulars
Tenure: Leasehold
Council Tax Band: C
Property Downloads
BrochureMap
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 £340,000, £4,250 Min Deposit. Calculated using a representative rate of 4.24%
