2 bedroom apartment for sale

Available

Amelia Street, 2 Amelia Street, SE17 3PY

£233,600 · Shared Ownership Resale

Share percentage 40%, full price £584,000, £23,360 Min Deposit.

Available
2 bedrooms
Floor plan
floor-plan
Floor plan
floor-plan
£233,600 Shared Ownership Resale · Eligibility Eligibility

Share percentage 40%, full price £584,000, £23,360 Min Deposit.

Monthly Cost: £2,394
Rent £941, Service charge £268, Mortgage £1,185*

Calculated using a representative rate of 4.64%

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 (64 m2), third floor apartment with balcony, now available in Southwark.

Description

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

This is a stunning, two-bedroom, top floor apartment with balcony two in Amelia Street
. The property is located in a three storey apartment block and has an approximate size of 64 m2. The time remaining on the lease is 120 years.

Set around a beautifully landscaped courtyard and designed to a high quality, the development offers residents exceptional London-living from the outside-in. Surrounding the development is a selection of independent cafés, bars and restaurants to discover as well as a few high street favourites for those essential items. Amelia’s Street convenient location on the cusp of zone 1 in Elephant & Castle means that the delights of the City and wider London are never too far away.

Living moments from Zone 1 gives you fast access to the heart of the capital, making Amelia Street the ideal location for commuting to work or socialising at the very best experiences central London has to offer.

From the development, Elephant & Castle station is just under 10 minutes’ walk away, offering Zone 1 connections by tube (Northern Line and Bakerloo Line ) and train. The area is also served by numerous bus routes, including night buses; and with a choice of frequent services, the journey to work and home is swift and easy.

The property located on the third floor comprises:

  • Entrance: Hallway with a large storage cupboard and video entry phone system. 
  • Living room: Spacious lounge with lots of natural light, open plan kitchen and doors to private balcony. Laminate flooring.
  • Kitchen: Light brown modern wall units with grey worktop. Integrated appliances in very good condition. Laminate flooring.
  • Bedroom one: Double bedroom with fitted wardrobe. Wool mix carpeted flooring.
  • Bedroom two: Double bedroom. Wool mix carpeted flooring.
  • Bathroom: White suite comprising panelled large bath with shower head, WC and hand washbasin with large mirror over. Tiled flooring.
  • Outside: Stunning private balcony, secure cycle storage and communal garden.


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:enquiries@peabodynewhomes.co.uk">enquiries@peabodynewhomes.co.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: 120 Years
  • Annual service charge amount: £2,875.32
  • Service charge review period: 1st April annually
  • Council tax band: Band E
Particulars

Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: E

Property Downloads
Floor Plan
Virtual Tour
https://seekbeak.com/v/gd1pXx8E1XJ?start_rot_x=-0.00868&start_rot_y=0.03760&start_rot_z=0.00000&start_rot_order=YXZ
Map
Kennington (0.35 miles) Elephant & Castle (0.41 miles) Borough (0.75 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.

£233,600
Shared Ownership Resale
Estimated Monthly Cost:£2,394
Rent £941
Service Charge £268
Mortgage £1,185

Share percentage 40%, full price £584,000, £23,360 Min Deposit. Calculated using a representative rate of 4.64%


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.