1 bedroom apartment for sale
9 Angel Lane, SE17 3FG
Share percentage 50%, full price £500,000, £25,000 Min Deposit.
Share percentage 50%, full price £500,000, £25,000 Min Deposit.
Monthly Cost: £1,986
Rent £598,
Service charge £119,
Mortgage £1,269*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
As a guide you will need to have a household income of at least £77,299. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £25,000. Total approximate savings required £29,000
Important borough specific eligibility criteria
Southwark
All London applicants will be considered with priority given to people who live/work in the borough.
Applicants must be earning under £90,000 to be eligible for one, two- and three-bedroom apartments.
If you are an existing homeowner we will not be able to allocate you a home unless you have found a buyer for your existing home and are deemed to be in need of housing by your local council.
Summary
Third Floor One bedroom apartment in the London borough of Southwark for £250,000 at 50% share price of £500,000 available through Shared Ownership.
Description
Ground Floor
- Lift
Third Floor
- Hallway
- Kitchen/Reception Room
- Bedroom
- Bathroom
External:
- Communal roof terrace
-
Private balcony (south-west facing)
GIA:
50 sqm
Length of lease:
121 years remaining
Borough:
Southwark
Monthly Fees
Rent: £597.95
Service Charge: £119.18
Ground Rent: £20.83
Key Features
- Communal roof terrace
- Private balcony (south-west facing)
- Underfloor heating
- Integrated appliances
- Close to amenities
Local Transport
Kennington - 0.5 miles
Elephant and Castle - 0.5 miles
Particulars
Tenure: Leasehold
Lease Length: 121 years
Council Tax Band: Not specified
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 50%, full price £500,000, £25,000 Min Deposit. Calculated using a representative rate of 4.64%
