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2 bedroom apartment for sale

Available

Frankham Street, Deptford, SE8 4BX

£136,250 · Shared Ownership New Build

Share percentage 25%, full price £545,000, £13,625 Min Deposit.

Available
2 bedrooms
£136,250 Shared Ownership New Build · Eligibility Eligibility

Share percentage 25%, full price £545,000, £13,625 Min Deposit.

Monthly Cost: £1,786
Rent £844, Service charge £239, Mortgage £703*

Calculated using a representative rate of 4.80%

Calculate estimated monthly costs

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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

Frankham Walk: Shared Ownership homes in Deptford, SE8

Description
2-bedroom apartment from £136,250 for a 25% share
 
Located in the heart of Deptford, Frankham Walk sits moments away from vibrant Deptford High Street with its wide range of bars, eateries and trendy cafes.
 
This spacious 2-bedroom, 2-bathroom wheelchair-adaptable property is located on the ground floor with level access throughout. With access to two private terraces on either side of the property, accessible from the living room and both bedrooms, you are never far from nature. 
 
The location benefits from excellent transport links with both Deptford Bridge DLR station and Deptford High Street Overground station just a short walk away, giving you easy access to London Bridge, Canary Wharf and the City.

Buy with Shared Ownership

Frankham Walk is available to purchase with Shared Ownership. Buyers can buy as much of the property as they can afford, from 25 - 75%, 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 high-spec homes even more affordable in such a sought-after location.

Particulars

Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: New build - Council tax band to be determined

Virtual Tour
https://my.matterport.com/show/?m=FTS3XvGpEdS
Map
Deptford (0.06 miles) New Cross (0.28 miles) Deptford Bridge (0.31 miles)
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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.

£136,250
Shared Ownership New Build
Estimated Monthly Cost:£1,786
Rent £844
Service Charge £239
Mortgage £703

Share percentage 25%, full price £545,000, £13,625 Min Deposit. Calculated using a representative rate of 4.80%

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Peabody New Homes
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Frankham Walk Shared Ownership
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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.