2 bedroom apartment for sale
Silwood Street, SE16 2BF
Share percentage 40%, full price £425,000, £17,000 Min Deposit.
Share percentage 40%, full price £425,000, £17,000 Min Deposit
Monthly Cost: £1,623
Rent £454,
Service charge £311,
Mortgage £858*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
As a guide you will need to have a household income of at least £59,073.You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £17,000. Total approximate savings required £21,000.
Important borough specific eligibility criteria
Southwark
All London applicants will be considered with priority given to people who live/work in the borough.
Applicants must be earning under £90,000 to be eligible for one, two- and three-bedroom apartments.
If you are an existing homeowner, we will not be able to allocate you a home unless you have found a buyer for your existing home and are deemed to be in need of housing by your local council.
Summary
Two bedroom, ground floor Apartment in Southwark available through Shared Ownership 40% at £170,000. Full Market price at £425,000.
Description
Main Entrance Hall
The entrance hall incorporates letter boxes and there is a lift serving all floors
Ground Floor
This accommodates a storage cupboard which incorporates a
MRXBOX95 ventilation system.
Bedroom 1
Bedroom 2
Bathroom
Kitchen
Living Room
Externally
Private Garden
Admin Fee for Shared Ownership
£13.50
GIA
80sqm
EPC
B
Length of lease
87 years remaining
Borough
Southwark
Key Features
The building is close to the overland railway line, this is on the south side of the building and the flat is on the northern side.
Silwood Street is south of Rotherhithe New Road which provides some local shops as well as bus routes including no. 1 between New Oxford Street and Canada Wharf and the 381 between Peckham Bus Station and County Hall/Waterloo.
There are also night buses N1 and N381.
Particulars
Tenure: Leasehold
Lease Length: 87 years
Council Tax Band: D
Property Downloads
Floor PlanMap
Material Information
Total rooms: 2
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: No
Outside Space/Garden: Yes - Private Garden
Year property was built: Enquire with provider
Unit size: Enquire with provider
Accessible measures: No
Heating: Enquire with provider
Sewerage: Enquire with provider
Water: Enquire with provider
Electricity: Enquire with provider
Broadband: Enquire with provider
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 40%, full price £425,000, £17,000 Min Deposit. Calculated using a representative rate of 4.59%
