3 bedroom apartment for sale
Edgar House, Francis Harvey Way, London, SE8 4DA
Share percentage 30%, full price £620,000, £18,600 Min Deposit.
Share percentage 30%, full price £620,000, £18,600 Min Deposit
Monthly Cost: £1,857
Rent £767,
Service charge £151,
Mortgage £939*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a Three Bedroom Apartment on a Shared Ownership (Part Buy/Part Rent) Basis
Description
A rare chance to buy a spacious, three-bedroom, shared-ownership apartment. The smartly-presented property is part of a small block and is the only apartment on the top (third) floor. Access is via stairs and features include a twenty-five-foot, dual-aspect reception room with attractive flooring and a combination of gloss-white and wood-grain units in the open-plan kitchen area. A glazed door leads out onto a rear-facing balcony which runs almost the full width of the apartment. There is a main bedroom with en-suite shower room plus a generously-sized second bedroom, a smaller third double bedroom and a stylish bathroom. Three storage/utility cupboards have been provided in the entrance hallway and the well insulated walls and roof, high performance glazing and modern gas central heating system make for a very good energy-efficiency rating. St Johns is the nearest station and offers a frequent service into London Bridge/Cannon Street. New Cross and Deptford Bridge are also within easy reach for London Overground and DLR respectively. The shops, bars and restaurants of Deptford High Street are only a short walk away and Deptford Railway Station provides additional Thameslink services via Farringdon and St Pancras.
SHARED OWNERSHIP (Advertised price represents 30% share. Full market value £620,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/2x8h2y58]
(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)
Housing Association: Clarion.
Tenure: Leasehold (125 years from 01/06/2016).
Minimum Share: 30% (£186,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £766.55 per month (subject to annual review).
Service Charge: £151.30 per month (subject to annual review).
Ground Rent: £300.00 for the year.
Guideline Minimum Income: Dual - £67,100 | Single - £77,400 (based on minimum share and 10% deposit).
Council Tax: Band E, London Borough of Lewisham. Priority is given to applicants living and/or working in this local authority.
This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone. Pets not permitted (except assistance animals). The lease provides 'The right on a first come first served basis in common with all others so entitled to park a single motor vehicle in such parking spaces as the landlord shall from time to time allocate for such purposes subject to the leaseholder not occupying more than one such parking space at any one time.'
Key Features
- Guideline Minimum Deposit £18,600
- Guide Min Income Dual £67.1k | Single £77.4k
- Top Floor (third, no lift)
- Approx. 1102 Sqft Gross Internal Area
- Bathroom plus En-Suite Shower Room
- Very Good Energy-Efficiency Rating
- Large Balcony
- Communal Parking
Particulars
Tenure: Leasehold
Lease Length: 116 years
Council Tax Band: E
Property Downloads
Key Information Document Floor Plan BrochureMap
Material Information
Total rooms:
Furnished: Unfurnished
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: Yes - Communal
Outside Space/Garden: Yes - Private Balcony
Year property was built: Enquire with provider
Unit size: Enquire with provider
Accessible measures: Enquire with provider
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 30%, full price £620,000, £18,600 Min Deposit. Calculated using a representative rate of 4.59%