2 bedroom apartment for sale

Available

Orchard Court, 35 Bell Green, London, SE26 4EN

£92,500 · Shared Ownership Resale

Share percentage 25%, full price £370,000, £9,250 Min Deposit.

Available
2 bedrooms
1 Bathroom
Private Balcony/Terrace
Parking
Floor plan
floor-plan
Floor plan
floor-plan
£92,500 Shared Ownership Resale

Share percentage 25%, full price £370,000, £9,250 Min Deposit.

Monthly Cost: £1,426
Rent £793, Service charge £164, Mortgage £469*

Calculated using a representative rate of 4.64%

Calculate estimated monthly costs

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Summary

A Fantastic Opportunity to Purchase a Two Bedroom Apartment on a Shared Ownership (Part Buy/Part Rent) Basis

Description

This attractively-presented apartment is on the fourth floor and has a large reception room with generously-sized kitchen area and a door which opens onto a south-east-facing balcony. There is a spacious main bedroom with fitted, mirror-fronted wardrobe plus a second, comfortable, double bedroom, a bathroom with limestone-style tiles and a pair of storage/utility cupboards in the entrance hallway. The energy-efficiency rating is very good, thanks to modern insulation standards, double glazing and a communal heating/hot water system. Orchard Court has a gated car park, which includes a space for this property, and Lower Sydenham Station, for rail services to Hayes or into London Bridge/Waterloo East/Charing Cross, is only a short walk away. Sydenham Station (London Overground/Mainline) is also within easy reach.

SHARED OWNERSHIP (Advertised price represents 25% share. Full market value £370,000).

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ http://tinyurl.com/3t5j4v83]

(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 2019).
Minimum Share: 25% (£92,500). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £792.58 per month (subject to annual review).
Service Charge: £163.63 per month (subject to annual review).
Guideline Minimum Income: Dual - £48,900 | Single - £53,800 (based on minimum share and 10% deposit).
Council Tax: Band C, 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).

Key Features
  • Guideline Minimum Deposit £9,250
  • Guide Min Income - Dual £48.9k Single £53.8k
  • Fourth Floor (building has a lift)
  • Approx. 796 Sqft Gross Internal Area
  • Open Plan Kitchen/Reception Room
  • South East Facing Balcony
  • Secure Parking Space
  • Short Walk from Lower Sydenham Station
Particulars

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

Property Downloads
Key Information Document Floor Plan Brochure
Map
Lower Sydenham (0.37 miles) Bellingham (0.77 miles) Sydenham (0.80 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.

£92,500
Shared Ownership Resale
Estimated Monthly Cost:£1,426
Rent £793
Service Charge £164
Mortgage £469

Share percentage 25%, full price £370,000, £9,250 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.