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2 bedroom apartment for sale

Available

Monmouth Court, Coopers Road, SE1 5YA

£206,000 · Shared Ownership Resale

Share percentage 40%, full price £515,000, £20,600 Min Deposit.

Available
2 bedrooms
Floor plan
floor-plan
Floor plan
floor-plan
£206,000 Shared Ownership Resale · Eligibility Eligibility

Share percentage 40%, full price £515,000, £20,600 Min Deposit.

Monthly Cost: £2,104
Rent £849, Service charge £210, Mortgage £1,045*

Calculated using a representative rate of 4.64%

Calculate estimated monthly costs

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Eligibility
You may be eligible for this property if: You are at least 18 years old, Your annual household income is less than £9,0000, You are unable to purchase a suitable home to meet your housing needs on the open market, You do not already own a property or you are in the process of selling your property
Summary

2-bedroom with private balcony, communal garden & secure bike storage is available in Southwark

Description
Property reference number: 1638875
 
This stunning, 2-bedroom home with a private balcony, communal garden & secure bike storage is available in Southwark. The time remaining on the lease is 117 years.
 
Monmouth Court also benefits from green spaces too! Burgess Park lies opposite the apartments and is ideal for taking it easy, for many types of exercise and it’s where you can also enjoy one of the many concerts, fairs and festivals it has to offer.
  • Nearest Railway Station: Elephant & Castle & Bermondsey stations
  • Bus Routes Nearby: 21, 53, 78, 172, 453, N21, N53, 63, 363, N63
The property comprises:
  • Open plan kitchen/lounge with a door leading to the balcony
  • Integrated kitchen appliances
  • Floor to ceiling windows with views of the park 
  • Private balcony
  • Communal garden
  • Secure bike storage 
The Old Kent Road is home to no less than seven different bus routes and enables easy access to the West End, The City, Waterloo and London Bridge. Bermondsey underground station and South Bermondsey railway station are just 10 minutes walk away offering an unprecedented choice for commuters.
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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 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: 117 Years
  • Annual service charge amount: £2,516.28
  • Annual ground Rent: 0
  • Ground rent review period: No ground rent to pay until final staircasing
  • Service charge review period: 1st April annually
  • Council tax band: Band E
*Financial information is correct as of 20.10.23
Particulars

Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: E

Property Downloads
Floor Plan Energy Certificate
Map
South Bermondsey (0.73 miles) Bermondsey (0.76 miles) Surrey Quays (1.10 miles)
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Monthly Cost Calculator

The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.

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  • 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.

£206,000
Shared Ownership Resale
Estimated Monthly Cost:£2,104
Rent £849
Service Charge £210
Mortgage £1,045

Share percentage 40%, full price £515,000, £20,600 Min Deposit. Calculated using a representative rate of 4.64%

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Disclaimer
The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.