2 bedroom apartment for sale
Crimscott Street, Southwark, SE1 5YQ
Share percentage 25%, full price £800,000, £20,000 Min Deposit.
Share percentage 25%, full price £800,000, £20,000 Min Deposit.
Monthly Cost: £2,461
Rent £1,110,
Service charge £336,
Mortgage £1,015*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
Summary
2-bedroom apartment with balcony, gym, bike storage lift access now available to view in Southwark.
Description
Property reference number: 1638825
This property in Crimscott Street is a 2-bedroom property with gym, bike storage lift access now available in a block built around 2021. The lease remaining on the property is 244 years.
The property is situated just moments from the famous The Shard, Borough Market, Matly Street Market Old Kent Road with great transport links including Borough station served by the overground within walking distance. Local buses serve the area with links to central London.
The property benefits from various local amenities with supermarkets like Co-op, Tesco, Argos & Lidl and a plethora of shops, bars and restaurants all within convenient walking distance.
Crimscott Street is a peaceful haven from the bustle of urban life – yet with its elegant choice of restaurants, bars, shopping and leisure, it also opens up new possibilities for living in one of the capital’s most desirable areas.
- Nearest station: Borough, London Bridge, Bermondsey stations served by TFL
- Bus routes nearby: 21, C10, 188, 1, 172, 53, 63, 415, 21, 42
The property located on the third floor comprises:
- Entrance: Video & phone entry phone system.
- Living Room: Open plan living area to kitchen utility cupboard with washing machine and storage
Kitchen: Grey granite worktops with grey tiles. Integrated appliances (with a gas hob). Integrated appliances - Bedroom one: Double bedroom with grey carpeted flooring with a fitted wardrobe
- Bedroom two: Ensuite double bedroom with mirror and cabinet
- Bathroom: White suite comprising bath with shower head, WC and hand washbasin with cabinet and mirror.
- Outside: Secure cycle storage, balcony and communal garden.
What happens after I register my interest?
You will receive an email confirmation that will confirm next steps including how to book a viewing, completing a financial assessment with a mortgage advisor and completing a 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?
Through Shared Ownership you can buy up to 75% of the property, 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 homes even more affordable than buying through private sale. With resale properties, you must purchase your first share at the percentage the existing leaseholder owns or more.
Financial information
- Tenure: Leasehold
- Remaining Lease Term: 244 Years
- Annual service charge amount: £4,032
- 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 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 25%, full price £800,000, £20,000 Min Deposit. Calculated using a representative rate of 4.64%
