2 bedroom apartment for sale

Available

Cherrywood Lodge, Birdwood Avenue, SE13 6UR

£142,000 · Shared Ownership Resale

Share percentage 40%, full price £355,000, £14,200 Min Deposit.

Available
2 bedrooms
Floor plan
floor-plan
Floor plan
floor-plan
£142,000 Shared Ownership Resale · Eligibility Eligibility

Share percentage 40%, full price £355,000, £14,200 Min Deposit.

Monthly Cost: £1,481
Rent £606, Service charge £183, Mortgage £692*

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 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

Two-bed (71.55m2), ground floor apartment with double terrace and 24-hr gym, now available in Lewisham.

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

Cherrywood Lodge is a two-bedroom, purpose built ground floor flat with a double terrace, ensuite bathroom and shared permit parking. Located in a five storey building, built around 2007, the lease remaining on the property is 106 years. Please note that Cherrywood Lodge is currently vacant.

The development benefits from a Tesco Express, Anytime Fitness 24-hour gym and communal garden. There are good transport links with Hither Green station 0.5 miles away, served by National Rail, and linking to London Bridge in 11 minutes. Local amenities are located 0.2 miles away along Hither Green Lane, and nearby Lewisham
offers a good range of amenities including a regular rail service to London. For leisure and enjoyment, Mountsfield Park is within 0.3 miles.
  • Nearest DLR station: Lewisham (Zone 2) – 1.4 miles
  • Nearest Station: Hither Green National Rail.
  • Bus routes nearby: 181, 255, 202, 660, N171
The property located on the ground floor comprises:
  • Entrance: Hallway with storage cupboard, airing cupboard (including hot water cylinder) and video entry system. Engineered wood – oak flooring.
  • Living Room: Spacious lounge area with floor to ceiling windows and a modern open plan kitchen. Lots of natural light and access to private terrace. Engineered wood – oak flooring.
  • Kitchen: Cream, modern wall and base units with laminate chipboard - dark grey work surface. Tiled splashback. Integrated Bosch oven, freestanding Beko washing machine and Bosch fridge, in good condition. Dark grey tiled flooring.
  • Bedroom one: Double bedroom with fitted wardrobe, floor to ceiling windows and ensuite. Cream carpeted flooring.
  • Bedroom two: Bedroom with cream carpeted flooring
  • Bathroom: White bathroom suite with chrome shower head over bath, WC and hand washbasin with mirrored cabinet. Heated towel rail. Tiled dark grey flooring.
  • En-suite: White bathroom suite with shower, WC and hand washbasin with mirrored cabinet. Heated towel rail. Tiled dark grey flooring.
  • Outside: Double terrace, 24-hr gym, communal gardens and shared permit parking.


    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 href="mailto:Peabody.resales@peabody.org.uk">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: 106 Years
    • Annual ground rent amount: TBC
    • Ground rent review period: TBC
    • Annual service charge amount: £2,194.80
    • Service charge review period: 1st April annually
    • Council tax band: Band C
Particulars

Tenure: Leasehold
Council Tax Band: C

Property Downloads
Floor Plan
Map
Hither Green (0.30 miles) Lee (0.74 miles) Ladywell (0.86 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.

£142,000
Shared Ownership Resale
Estimated Monthly Cost:£1,481
Rent £606
Service Charge £183
Mortgage £692

Share percentage 40%, full price £355,000, £14,200 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.