Share Price £132,750 (from 30% Min. Share)

Full Value £442,500 | £13,275 Min. Deposit

Scheme: Shared Ownership

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Vale Apartments - 2 bed apartment in Lewisham

place Loampit Vale, SE13 7TG

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2-BED APARTMENTS: Expertly designed to combine luxury living with an urban location.


Eligibility

Local authority requirements:

Priority for Vale Apartments will go to those who either live or work in the London borough of Lewisham.

Minimum household income:

You must earn between £58,330 - £90,000 and have a deposit of £13,275*

*Please note these are all guide figures and will vary depending on your personal circumstances and the mortgage you are able to secure. Applicants will be required to attend a financial interview with a Mortgage Advisor appointed by Peabody to assess affordability in line with Affordable Homes guidelines set by the HCA/GLA. Speak to a member of the Peabody sales team for more details.


Description

Vale Apartments is a development of six 1 bed, five 2 bed and one 3 bed apartments located in Lewisham, SE13.

Situated in Lewisham, in South East London, Vale Apartments is located on the corner of Algernon Road and Loampit Vale, one of the main roads leading towards the centre of Lewisham.

Ideally positioned for commuters, Vale Apartments is just 0.3 miles from major public transport links at Lewisham rail, DLR and bus stations, it is ideally situated for commuters.

The centre of Lewisham has a great range of retail facilities, as well as several green spaces for relaxation and leisure. These include a daily market selling everything from fresh fish, fruit and vegetables, right through to clothing, and for your weekend full English, locally renowned Maggie’s Café is just a short walk from Vale Apartments.


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Calculate Monthly Cost

Share price
£ 132,750
Min. £132,750
Share percentage
Min. 30%
Your deposit
Min. £13,275
Monthly cost*
£1,458
Cost breakdown
£710
Rent
£157
Service charge
£591
Mortgage*
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Location

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.

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together:

  • 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 costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.


NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.