Studio apartment for sale
Ockham Building, 10 Limasol Street, SE16 3GB
Share percentage 25%, full price £350,000, £8,750 Min Deposit.
Share percentage 25%, full price £350,000, £8,750 Min Deposit.
Monthly Cost: £1,182
Rent £650,
Service charge £88,
Mortgage £444*
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 £43,074. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx.£8,750. Total approximate savings required £12,750.
Important borough specific eligibility criteria
Southwark
All London applicants will be considered, with priority given to Southwark applicants.
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
First floor studio apartment in Bermondsey available through Shared Ownership 25% for £87,500.
Description
Internal
- Hallway
- Kitchen / living room / bedroom
- Bathroom
External
- Balcony
- Communal garden
GIA
- 40sqm
EPC rating
- C
Length of lease
- 90 years remaining
Borough
- Southwark
Key Features
Transport
- Bermondsey (0.48 miles)
- London Bridge (0.84 miles)
Local Area
- Easy access to various amenities; schools, gyms, shops, restaurants, bars and recreational facilities.
Particulars
Tenure: Leasehold
Lease Length: 90 years
Council Tax Band: C
Property Downloads
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 25%, full price £350,000, £8,750 Min Deposit. Calculated using a representative rate of 4.64%