1 bedroom apartment for sale
Lewisham Road, Lewisham Road, SE10 8GE
Share percentage 25%, full price £417,500, £5,219 Min Deposit.
Share percentage 25%, full price £417,500, £5,219 Min Deposit.
Monthly Cost: £1,466
Rent £666,
Service charge £205,
Mortgage £595*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
Summary
A vibrant new collection of new Shared Ownership apartments in Lewisham, SE10
Description
Located in SE10, Arden's at Parkside's Shared Ownership Collection is a stunning range of studio, 1 and 2-bedroom apartments surrounded by nature and boasting magnificent views of the capital.
These apartments for sale in Lewisham combine the historic charm of Greenwich with the open spaces of Blackheath and the energy of Lewisham.
This stylish development of thoughtfully designed homes boasts modern interiors and high-quality finishes throughout.
- Excellent Zone 2 location, commute to The City in 30 minutes
- Concierge Service
- On-site Resident's fitness suite, Co-working hub and Snug room
- Parking spaces available with all Shared Ownership apartments
* Full market value = £417,500
* 25% share price = £104,375
* Estimated monthly rent = £718 (charged at 2.75% of the unsold equity)
* Estimated monthly service charge = £204
* Full market value = £417,500
* 40% share price = £167,000
* Estimated monthly rent = £573.38 (charged at 2.75% of the unsold equity)
* Estimated monthly service charge = £204
* Full market value = £417,500
* 60% share price = £250,500
* Estimated monthly rent = £382.25 (charged at 2.75% of the unsold equity)
* Estimated monthly service charge = £204
Shared Ownership is a part buy/part rent scheme that helps you get on the property ladder in an affordable way. You can usually buy an initial share of 25% to 75% of the value of a property. You will then pay a subsidised rent on the share you don’t buy, and there will also be a monthly service charge to be paid on your 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 to find out more or search 'Peabody Shared Ownership'.
Financial information
- Tenure: Leasehold
- Length of lease: 999 Years
- Annual ground rent amount: £0
- Ground rent review period: N/A
- Annual service charge amount: £2,435.71
- Service charge review period: Yearly
- Council tax band: TBC
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 £417,500, £5,219 Min Deposit. Calculated using a representative rate of 5.26%
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