2 bedroom apartment for sale
Cedar House, 109 Thurlow Park Road, SE21 8JL
Share percentage 50%, full price £500,000, £12,500 Min Deposit.
Share percentage 50%, full price £500,000, £12,500 Min Deposit.
Monthly Cost: £2,151
Rent £409,
Service charge £317,
Mortgage £1,425*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
Eligibility
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 50% minimum share you will need a minimum joint household income of £78,652 and available savings of £12,500 for a 5% mortgage deposit.
Summary
Southern housing are excited to offer this stunning 2 bed one bath flat in West Dulwich.
Description
Set on the ground floor of this handsome period building in the heart of residential Dulwich is this attractive Victorian conversion apartment.
The apartment is on the ground floor and has bright and light accommodation comprising of two double bedrooms, open-plan kitchen/living room and large bathroom. Externally to the front there is allocated off street parking, and an enclosed private garden to the rear.
The property is presented in attractive decorative order and is offered with no onward chain.
EPC : D | Council Tax Band: D | Lease Term Remaining: 189 years from 25th May 1990 | Service Charge: £316.62 per month (£334.61 from April ‘24) | Rent: £380.87 per month (£408.67 from April ‘24) | Tenure: Leasehold
Full Market Price: £500,000 | Share Value: £250,000 (50%)
● An attractive ground floor Victorian conversion apartment
● Light and bright accommodation
● Two large double bedrooms
● Open-plan kitchen/living
● Large bathroom
● Allocated off street parking
● Private garden space
● Well presented throughout
● Central location close to transport links
● Offered with no onward chain
Viewings by appointment only. Please note Social Distancing measures need to be followed. Please contact resales via Linda.Edvardsen@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 by 02/04/2024
Please note though that if a high volume of applications is received, the deadline might be brought forward.
*Please note the successful applicant will be required to pay a £250 non-refundable reservation fee once offered the property.
Key Features
The property is ideally placed for access to Dulwich Village, West Dulwich and Herne Hill with their numerous cafes, shops, restaurants and popular parks including Belair, Dulwich and Brockwell. Excellent rail links to central London are from nearby West Dulwich (London Victoria and London Blackfriars) and Tulse Hill (London Bridge and the Thameslink to London Blackfriars and St Pancras).
Viewings by appointment only. Please note Social Distancing measures need to be followed. Please contact resales via e-mail Linda.Edvardsen@southernhousing.org.uk optivo.resales@southernhousing.org.uk for the vendors details.
If you would like to apply after you have conducted a viewing, a PDF writable application form can be saved from the Brochure Section on this advert. Please email a fully completed copy to optivo.resales@southernhousing.org.uk
Application forms need to be returned to Southern housing by 2nd April 2024
Please note though that if a high volume of applications is received, the deadline might be brought forward.
*Please note the successful applicant will be required to pay a £250 non-refundable reservation fee once offered the property.
Particulars
Tenure: Leasehold
Lease Length: 155 years
Council Tax Band: D
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 50%, full price £500,000, £12,500 Min Deposit. Calculated using a representative rate of 5.26%
