1 bedroom apartment for sale
Herne Hill Rd, Loughborough Junction, SE24 0AU
Share percentage 25%, full price £450,000, £11,250 Min Deposit.
Share percentage 25%, full price £450,000, £11,250 Min Deposit.
Monthly Cost: £1,540
Rent £773,
Service charge £187,
Mortgage £580*
Calculated using a representative rate of 4.80%
Calculate estimated monthly costs
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
A brand new collection of 1 & 2 bedroom Shared Ownership apartments now available in Loughborough Junction (Zone 2).
Description
1 and 2-bedroom Shared Ownership apartments in the heart of SE24 | Register to book your viewing! Reserve at Higgs Yard with deposits from £11,250 ready to move into.
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1-bedroom home available from £112,500 for a 25% share (full market value £450,000)
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2-bedroom home available from £147,000 for a 25% share (full market value £588,000)
- Access to podium gardens and roof terraces
- Private balcony to all apartments
- Secure cycle storage
- Pet friendly development
- High specification interiors
- Integrated appliances
- Children's play area
Available to purchase through Shared Ownership, purchasers are able to 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.
Register your Interest today.
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: Not specified
Property Downloads
Floor Plan Brochure BrochureMap
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 £450,000, £11,250 Min Deposit. Calculated using a representative rate of 4.80%
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