3 bedroom apartment for sale
Ottley Drive, London, SE3 9FT
Share percentage 40%, full price £625,000, £12,500 Min Deposit.
Share percentage 40%, full price £625,000, £12,500 Min Deposit.
Monthly Cost: £1,813
Rent £221,
Service charge £167,
Mortgage £1,425*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
You may be eligible for this property if:
· Register your interest (pink button on the right)
· Have a passed initial financial assessment with one of the below companies:
SRC Mortgage Solutions (https://www.srcmortgagesolutions.com/)
TMP The Mortgage People (tmpmortgages.co.uk)
Mortgage Advice Bureau | UK’s leading mortgage intermediary (https://www.mortgageadvicebureau.com)
· You have a gross household income of no more than £90000 per annum when eligible to purchase.
· Live or work in the borough
· You are unable to purchase a suitable home to meet your housing needs on the open market. (Shares cannot be purchased in cash unless you are unable to obtain a mortgage due to age or religious grounds)
· You do not already own a home, or you will have sold your current home before you purchase or rent.
· To purchase this 40% minimum share you will need a minimum joint household income of £61,879 and available savings of £12,500 for a 5% mortgage deposit.
Summary
Southern Housing are excited to offer for sale this well-presented 3 bedroom ground Floor Apartment at the highly sought after Ottley Drive
Description
Fantastic 3 bed ground floor property located in the heart of south London.
This property consists of a large open plan kitchen & reception. There are 3 bright generously sized bedrooms & 2 bathrooms.
This stunning property is surrounded by parks such as Cator Park, Sutcliffe, and Greenwich Park, this location combines natural beauty with city convenience, ideal for families, professionals, and seniors alike.
The property also Benefits from the added convenience of a private underground car park and nearby amenities like Sainsbury's and Aldi. These qualities make this a prime location.
Lease Term: 125 years from and including 1 January 2014
EPC Rating: B 84
Council: Greenwich
Council tax band:C
Floor size:98 m2
Due to the anticipated high demand for this property, viewing ASAP is strongly advised
Viewings by appointment only. Please note Social Distancing measures need to be followed. Please contact resales via e-mail dionne.lester@southernhousing.org.uk or Optivo.resales@southernhousing.org.uk for the vendors details.
Once you have viewed the property, if you wish to apply, application form attached to the viewing email, need to be returned to Southern Housing as this property is sold on a first come first serve basis.
*Please note the successful applicant will be required to pay a £250 non-refundable reservation fee once offered the property.
Key Features
Short walking distance to shops, supermarkets & Local amenities
NEAREST STATIONS
Kidbrooke Station
1.1 miles
Lewisham Station
1.9 miles
Hither Green Station
1.4 miles
NEAREST SCHOOLS
Holy Family Catholic Primary School
State School
Ofsted: Requires improvement
0.1 miles
Ealdham Primary School
State School
Ofsted: Good
0.2 miles
Wingfield Primary School
State School
Ofsted: Outstanding
0.4 miles
Newhaven Pupil Referral Unit
Type: N/A
Ofsted: Good
0.4 miles
Particulars
Tenure: Leasehold
Lease Length: 115 years
Council Tax Band: C
Map
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 40%, full price £625,000, £12,500 Min Deposit. Calculated using a representative rate of 5.26%
