2 bedroom apartment for sale

Available

St. Paul's House, 2 Market Yard, SE8 4BX

£112,500 · Shared Ownership Resale

Share percentage 25%, full price £450,000, £11,250 Min Deposit.

Available
2 bedrooms
Floor plan
floor-plan
Floor plan
floor-plan
£112,500 Shared Ownership Resale · Eligibility Eligibility

Share percentage 25%, full price £450,000, £11,250 Min Deposit.

Monthly Cost: £1,507
Rent £616, Service charge £320, Mortgage £571*

Calculated using a representative rate of 4.64%

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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 £90,000, 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

A fantastic 2-bedroom apartment with two Juliet balconies in Lewisham

Description
Property reference number: 1639061
 
St. Paul's House is a two-bedroom property in the beating heart of Deptford, located on the second floor in a four-storey block, built in 2014 and has an approximate size of 65 sq. meters.
 
Stroll along Deptford High Street – a 3-minute walk away – and you’ll find an array of independent shops, quirky boutiques and market stalls, framed by stunning rainbow-coloured murals. Deptford still has a proper market. Deptford High Street market was voted one of London's coolest markets by Time Out magazine and dates back to 1872. 
 
Just a 5-minute stroll away is Deptford Creek, this unique spot is one of the most biodiverse for its size in London, with a rare tidal habitat home to over 300 species of wildflowers. At the mouth of the creek, cross the famous swinging footbridge to pick up the Thames Path and walk over to leafy, maritime Greenwich – home to the Royal Observatory, the National Maritime Museum, the Royal Naval College and the famous Cutty Sark. 

From St. Paul's House, you can be in the very heart of Central London within just 7 minutes by rail. New Cross Overground station is a 7min walk away with trains direct to Dalston. Zone 2’s Deptford station is a 4-minute walk from your front door. And from there, regular and rapid National Rail services will have you to London Bridge, the City of London and Farringdon in a flash. Hop onto the Elizabeth line at Farringdon for quick access to Heathrow Airport or for a day trip to Reading. Alternatively, Deptford Bridge DLR station is a 7-minute walk south of the development. Deptford’s location just south of the Thames means travel by water is also an option, with Uber Boat services running from both of the nearby Greenwich and Greenland Surrey Quays piers. Last but not least, for trips even further afield, you can be at London City Airport in 31 minutes via Thameslink and DLR, while Gatwick, Heathrow and Stansted are less than an hour’s drive away.
 
Key Features
 
Two Juliet balconies
Integrated kitchen appliances
Excellent travel connections
 
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, please contact enquiries@peabodynewhomes.co.uk  and our team will be able to help you.
 
What is Resale 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: 116 years
Annual ground rent amount: £350.00 – This is payable after final staircasing
Ground rent review period: No ground rent to pay until final staircasing. Every 10 years the ground rent increases by £50.00
Annual service charge amount: £3,841.92
Service charge review period: Annually
Council tax band: C
 
*Financial information correct as of 17.01.2023
Particulars

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

Property Downloads
Floor Plan
Map
Deptford (0.06 miles) New Cross (0.28 miles) Deptford Bridge (0.31 miles)
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.

£112,500
Shared Ownership Resale
Estimated Monthly Cost:£1,507
Rent £616
Service Charge £320
Mortgage £571

Share percentage 25%, full price £450,000, £11,250 Min Deposit. Calculated using a representative rate of 4.64%


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.