2 bedroom apartment for sale
Waterfall House, 49 Brixton Water Lane, SW2 1BF
Share percentage 40%, full price £555,000, £22,200 Min Deposit.
Share percentage 40%, full price £555,000, £22,200 Min Deposit
Monthly Cost: £1,974
Rent £639,
Service charge £233,
Mortgage £1,102*
Calculated using a representative rate of 4.42%
Calculate estimated monthly costs
You will need to be earning a guidance income of £72,816. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £22,200.Total approximate savings required £26,200.
Important borough specific eligibility criteria
Lambeth
Priority will be given to applicants who live or work in Lambeth but all can apply.
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, Third floor apartment in Lambeth available through Shared Ownership 40% at £222,000. Full market value £555,000.
Description
Internal
Ground Floor
Entryphone system to Communal
Hallway, Passenger Lift and Stairwell
Third Floor
Two Bedrooms
Reception Room/ Kitchen.
Hallway
Bathroom with WC
External
Communal bicycle store
Monthly Ground Rent
£16.66
GIA
75 sqm
EPC rating
B
Length of lease
109 years
Borough
Lambeth
Key Features
The subject property is within reasonable travelling distance of two rail mainlinestations; Brixton and Herne Hill. The area is well served by local bus routes.
The property is within reasonable travelling distance of the local shopping and recreational facilities within the area.
A spacious and bright third floor 2-bed flat in an excellent location just a short walk away from the beautiful Brockwell Park with great access to Brixton Underground and easy reach of Herne Hill Station.
Benefiting from large bedrooms and floor to ceiling windows, this property would be ideal for professionals or a beginner.
Although in a quiet location, this property also has convenient access to excellent restaurants, cafes, bars and shops (including a large supermarket).
Further features
· 2 large double bedrooms
· Updated bathroom
· Updated decoration throughout
· Separate kitchen and spacious living room
· Integrated storage cupboard
· Shared secure bicycle facilities
· Dishwasher
· 10-minute walk from the centre of Brixton and access to Brixton Underground Station
· Short walk from Herne Hill Station (Thameslink) shops, bars, restaurants and market on Sundays. Local transport - Brixton, Herne Hill and Clapham.
Particulars
Tenure: Leasehold
Lease Length: 109 years
Council Tax Band: D
Property Downloads
Floor PlanMap
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: No
Outside Space/Garden: No
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 40%, full price £555,000, £22,200 Min Deposit. Calculated using a representative rate of 4.42%
