2 bedroom apartment for sale
Purbeck Gardens, , SE26 5FG
Share percentage 35%, full price £465,000, £8,138 Min Deposit.
Share percentage 35%, full price £465,000, £8,138 Min Deposit.
Monthly Cost: £1,725
Rent £650,
Service charge £148,
Mortgage £927*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Lower Sydenham, London
Description
Modern and spacious two-bedroom apartment in Sydenham available through Shared Ownership. This third-floor apartment comprises an entrance hall with a large storage cupboard, an open-plan kitchen and reception room with a balcony, two double bedrooms, the main bedroom has an en-suite shower room, and a bathroom with WC. The property also benefits from a balcony accessed via the reception room and an allocated parking space.
KIDS Document
Available for £162,750 for 35% share based on the marketing figure of £465,000.
Monthly rent - £649.74
Monthly Service Charge - £147.96
Total Monthly Charge - £797.70 plus mortgage required for 35% share.
An annual rent increase takes place every April
Layout and dimensionsInternally
Ground Floor:
Entryphone system to Communal Hallway,Passenger Lift and Stairwell.
Third Floor:
Bedroom 1:
with En-suite shower room and WC
2.939m x 4.673m.
En-Suite:
1.689m x 2.597m.
Bedroom 2:
2.784m x 3.530m.
Reception/Kitchen:
3.796m x 4.899m
Kitchen Area:
2.672m x 2.489m.
Bathroom with WC:
1.983m x 2.392m.
Externally:
Balcony accessed from Reception Room.
One secure allocated underground parking space.
The subject property is approximately 72 sq. m. (GIA) excluding balcony.
Years remaining on lease: 121
The remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.
EPC ratingEnergy Rating Band - B
Environmental Impact Band - A
Key Features
- Two bedrooms
- Third floor
- Lift
- Balcony
- One secure allocated underground parking space
- 5% deposit
- Short walk to Lower Sydenham station
- Available for 35% share
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor PlanMap
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 35%, full price £465,000, £8,138 Min Deposit. Calculated using a representative rate of 5.26%