2 bedroom apartment for sale
Beeton Way, SE27 9BD
Share percentage 40%, full price £375,000, £15,000 Min Deposit.
Share percentage 40%, full price £375,000, £15,000 Min Deposit.
Monthly Cost: £1,563
Rent £487,
Service charge £315,
Mortgage £761*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
Summary
Well presented, Good EPC rating, Right to park in allocated space
Description
SHARED OWNERSHIP
Full market value - £365,000
You pay (40%) - £146,000
Monthly Rent - £486.82
Monthly Service Charge - £315.01
Annual Ground Rent - £100
125 year lease commenced in April 2009 (111 years remaining)
New guidance, from the Royal Institute of Chartered Surveyors (RICS), means that lenders should no longer require an EWS1 form for this property. However, we cannot guarantee that all Mortgage lenders, brokers and valuers are utilising the same criteria.
An attractive purpose built apartment for sale located on this popular residential road on the boarder of West Dulwich and West Norwood.
The apartment is finished to a high standard and offers a spacious and very well presented accommodation, comprising of two bedrooms, lounge/dining room, open plan fully integrated kitchen and modern bathroom. You will also have the benefit of your own private balcony
Beeton Way is well located within easy reach of West Dulwich and Dulwich Village with their outstanding schools, parks shops and restaurants, picture gallery and golf course. Excellent rail links to central London are from nearby West Dulwich (Victoria) and West Norwood (London Bridge and Blackfriars).
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 £57,712. 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 a property in one of our schemes. If you are not registered, please visit our website 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 of February 2024.
Key Features
- Living area open plan to kitchen with door to private balcony
- Two double bedrooms
- Two storage cupboards in hallway
- Gas central heating (not tested)
- Right to park in allocated space
- 0.4 Miles from West Norwood station
Particulars
Tenure: Leasehold
Lease Length: 111 years
Council Tax Band: C
Property Downloads
Key Information Document Floor Plan Energy CertificateMap
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 40%, full price £375,000, £15,000 Min Deposit. Calculated using a representative rate of 4.64%