1 bedroom apartment for sale
Megan Court, 29 Pomeroy Street, London, SE14 5BW
Share percentage 35%, full price £390,000, £13,650 Min Deposit.
Share percentage 35%, full price £390,000, £13,650 Min Deposit.
Monthly Cost: £1,508
Rent £768,
Service charge £47,
Mortgage £693*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a One Bedroom Apartment on a Shared Ownership (Part Buy/Part Rent) Basis
Description
This spacious and stylishly-presented, top-floor apartment features a generously-sized reception room with sleek, open-plan kitchen area and a door that leads out onto a courtyard (west) facing balcony. The bedroom includes a built-in wardrobe, there is a smart, modern bathroom and a storage/utility cupboard has been provided in the entrance hallway. Well insulated walls and roof, high performance glazing and gas central heating make for a very good energy-efficiency rating. Megan Court is set back from the road and has a communal cycle store accessed from the ground-floor lobby. The development is located just a short walk from Queens Road Peckham Station.
SHARED OWNERSHIP (Advertised price represents 35% share. Full market value £390,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [http://tinyurl.com/55kjtz6d]
(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)
Housing Association: Clarion.
Tenure: Leasehold (125 years from 2017).
Minimum Share: 35% (£136,500). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £767.85 per month (subject to annual review).
Service Charge: £47.20 per month (subject to annual review).
Ground Rent: £250.00 for the year.
Guideline Minimum Income: Dual - £51,900 | Single - £59,200 (based on minimum share and 10% deposit).
Council Tax: Band B, London Borough of Lewisham. Priority is given to applicants living and/or working in this local authority.
This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone. Pets not permitted (except assistance animals). There is no parking space offered with this property.
Key Features
- Guideline Minimum Deposit £13,650
- Guide Min Income - Dual £51.9k Single £59.2k
- Top Floor (third, building has a lift)
- Approx. 558 Sqft Gross Internal Area
- High Performance Glazing
- Open Plan Kitchen/Reception Room
- Balcony Overlooking Communal Courtyard
- Short Walk from Queens Road Peckham Station
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: B
Property Downloads
Key Information Document Floor Plan BrochureMap
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 35%, full price £390,000, £13,650 Min Deposit. Calculated using a representative rate of 4.64%
