Share Price £313,500 (from 55% Min. Share)

Full Value £570,000 | £15,675 Min. Deposit

Scheme: Shared Ownership Resales

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2 bedroom apartment in Southwark

place Southwark Bridge Road, SE1 0DG

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Optivo Resales

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2 bed fourth floor apartment


Eligibility

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.

Description

Please complete an application form (PDF attached in brochure section of this advert) and return it to the Optivo Resales Team at Grosvenor House, 125 High St,Croydon, CR0 9XPor by email to resales@optivo.org.uk.Applicants will be referred for a mandatory affordability assessment with an Optivo mortgage advisor before a viewing can be arranged with the seller.

Please contactthe Resales Teamby telephone on 08001216060 or by email to resales@optivo.org.ukfor further information if required.

Full market value -£570,000

55% share price - £313,500

Monthly rent £392.88

Monthly service charge £239.11

Lease term 99 years from 1 July 2008

EPC rating - B/81

Accomodation.

2 bedrooms

1 bathroom

1 reception room

1 kitchen

Private balcony

Access to communal garden

99 year lease from 1 July 2008


Key Features

Excellent transport links and views of The Shard from balcony.


Download Documents

Property brochure 1
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Calculate Monthly Cost

Share price
£ 313,500
Min. £313,500
Share percentage
Min. 55%
Your deposit
Min. £15,675
Monthly cost*
£2,145
Cost breakdown
£393
Rent
£239
Service charge
£1,513
Mortgage*
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Optivo Resales

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Location

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.

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together:

  • 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 costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.


NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.