2 bedroom apartment for sale
6 Camberwell Passage, Camberwell, SE5 0AX
Share percentage 25%, full price £540,000, £13,500 Min Deposit.
Share percentage 25%, full price £540,000, £13,500 Min Deposit.
Monthly Cost: £1,422
Rent £379,
Service charge £358,
Mortgage £685*
Calculated using a representative rate of 4.64%
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 25% minimum share you will need a minimum joint household income of £50986 and available savings of £13500 for a 10% mortgage deposit.
Summary
Southern Housing are delighted to offer for sale this well-presented 2 bedroom 1st Floor Apartment at the highly popular Camberwell Passage
Description
Highly sought after 2 bed, 1st floor property in the heart of Camberwell & ideal for those wishing to get onto the London property market.
This bright and airy property consists of the following:
• Two double bedrooms
• Area for home office
• One bathroom
• Concierge
• 2 Balconies
• Underfloor heating
• Communal garden
• Close to public transport and amenities
• Fibre Optic Broadband available
EPC Rating: B
Council: Southwark council
Council tax band:E
Floor size:76m2
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 asap
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 development has spacious well-maintained communal gardens and has access to local parks for a relaxing picnic time with family and friends. Based just opposite of Camberwell Green, and close to all shops and amenities. Camberwell Passage is in close proximity to a number of recommended bars and restaurants and the area is famous for its art scene, having South London Gallery in the neighbourhood.
NEAREST STATIONS
Denmark Hill Station
0.5 miles
Loughborough Junction Station
0.7 miles
Oval Station
1.0 miles
NEAREST SCHOOLS
Arco Academy
Independent School
Ofsted: No Rating Available
0.1 miles
Crawford Primary School
State School
Ofsted: Good
0.2 miles
Sacred Heart Catholic School
State School
Ofsted: Outstanding
0.2 miles
Comber Grove School
State School
Ofsted: Good
0.2 miles
Particulars
Tenure: Leasehold
Lease Length: 125 years
Council Tax Band: E
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 25%, full price £540,000, £13,500 Min Deposit. Calculated using a representative rate of 4.64%
