2 bedroom apartment for sale
2 Woods Road, SE15 2PX
Share percentage 50%, full price £490,000, £24,500 Min Deposit.
Share percentage 50%, full price £490,000, £24,500 Min Deposit.
Monthly Cost: £1,966
Rent £443,
Service charge £280,
Mortgage £1,243*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
You may be eligible for this property if:
- You have a gross household income of no more than £90,000 per annum.
- You are unable to purchase a suitable home to meet your housing needs on the open market.
- You do not already own a home or you will have sold your current home before you purchase or rent.
Summary
Available through our resale shared ownership scheme, a third floor, two-bedroom apartment in Peckham.
Description
Property description:
The apartment has been decorated to a high standard throughout using Farrow and Ball and Little Greene paints in tasteful colours. It comprises a communal entrance with entry system, lift access, an open plan kitchen and reception with fixings and hidden cabling for the TV to be wall mounted, maximising the space. The kitchen has ample work-top space complemented by built-in storage which has been fitted out to use as a kitchen larder, alcove shelving has also been fitted. A Bosch dishwasher, Bosch electric oven and Hotpoint induction hob are all included. There is a private balcony overlooking the communal landscaped garden. The two large bedrooms have space for king sized beds and there is a large built-in wardrobe in the master bedroom. The family bathroom includes a shower over bath. There are floor to ceiling windows throughout and further built-in hallway storage with plumbing for washing machine.
There is also on-street parking on a first-come first served basis.
EWS1 available
Lease: Commenced 2017 with 125-year term
Council Tax Band: Southwark Council - D
Approx. Gross Internal Area: 699sq.ft.
FINANCIAL INFORMATION
Property Value = £490,000
Percentage Share = 50%
Share Price = £245,000
Monthly Ground Rent = £20.83
*Monthly Rent = £443.03
*Monthly Service Charge = £279.96
**Monthly Mortgage Payment = £1,252
***Annual Household Income = £78,000
*Please note the rent and service charge is reviewed annually 01 April.
** Based on a 90%, 30-year repayment mortgage with an interest rate at 5.5%.
***Is based on a 10% mortgage deposit. If you have a higher deposit Hyde New Homes can discuss how the salary required is reduced.
Your home may be at risk if you do not keep up your mortgage and rent repayments. Particulars give an overall description of the property and are not intended to constitute an offer or form part of any contract. Areas, distances or measurements referred to are approximate. For confirmation of property details refer to the terms of the lease and plans from your solicitor. Hyde New Homes Resale properties are sold as seen, photographs and details (excluding financial information) are provided by the leaseholder. Please note that the Resales Team have not visited this property.
Key Features
LOCAL AREA INFORMATION
· A popular development only 5-minutes’ walk from Queens Road Peckham Station, 8-minutes from Peckham Rye station and 10-minutes from Nunhead village.
· Conveniently positioned next to the beautifully landscaped and recently revitalised Cossall Park as well as a plethora of independent cafes, bars and restaurants including Peckham Cellars and Kudu, a renowned local cocktail bar and restaurant.
· Close by is The Bussey Building, a cultural hub that features a rooftop cinema as well as Franks, the ever-popular rooftop bar.
· Immediately across the road is John Donne Primary School, there are two secondary schools accessible by short bus rides as well as an Outstanding (Ofsted) school for children with special needs just a ten-minute walk away.
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: D
Property Downloads
Key Information Document Floor Plan Energy CertificateMap
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 £490,000, £24,500 Min Deposit. Calculated using a representative rate of 4.64%
