2 bedroom apartment for sale
Mansfield Court, SE15 6JL
Share percentage 25%, full price £370,000, £9,250 Min Deposit.
Share percentage 25%, full price £370,000, £9,250 Min Deposit.
Monthly Cost: £1,400
Rent £780,
Service charge £151,
Mortgage £469*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
Summary
Top floor two bedroom apartment served by lift
Description
SHARED OWNERSHIP
Full Market Value - £375,000
You Pay (25%) - £93,750
Monthly Rent - £779.96
Monthly Service Charge - £150.93
Ground Rent - £100 per annum
Council Tax Band: D
125 year lease commenced October 2015 (117 years remaining)
There is currently no EWS1 certification for this building but report available
Perfectly situated for Queens Road, Nunhead and Peckham Rye stations and a stones throw from the all the bars, restaurants, green open spaces and independent shops that local area has to offer.
The buyer will require a deposit to obtain a mortgage for this property.
To meet the requirements for this property we require as a guideline, a minimum household income of £47,938. If you are offered the property, your ability to afford this property will be assessed at your financial interview. Please note that applicants should purchase the maximum share that they can afford and sustain.
Only applicants who are registered with London and Quadrant will be eligible to be offered the property for our schemes. If you are not registered please visit our website www.lqhomes.com and register to obtain your unique reference number.
Your home is at risk if you fail to keep up repayments on a mortgage, rent or other loan secured on it.Please make sure you can afford the repayments before you take out a mortgage.
These particulars are of opinion only, are intended to give a fair description and do not form the basis of a contract. The descriptions and all other information are believed to be correct as at January 2023.
Key Features
- Living area open plan to kitchen and with door to balcony
- Kitchen fitted with a range of white wall and base units with black worktops, integrated oven, hob and extractor and space for fridge/freezer
- Two double bedrooms
- Family bathroom fitted with white suite
- Gas fired central hating (not tested)
- Lift access
- Communal Gardens
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: D
Property Downloads
Key Information Document Floor Plan Energy CertificateVirtual Tour
Map
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 £370,000, £9,250 Min Deposit. Calculated using a representative rate of 4.64%
