1 bedroom apartment for sale
1 Silver Road, SE13 7BJ
Share percentage 25%, full price £410,000, £5,125 Min Deposit.
Share percentage 25%, full price £410,000, £5,125 Min Deposit
Monthly Cost: £1,421
Rent £705,
Service charge £145,
Mortgage £571*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
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.
Summary
Stunning One Bedroom Apartment with private Balcony
Description
From as little as £5,125 this stylish one bedroom 2nd floor apartment with private balcony could be your next home.
Welcome to Square Roots Lewisham, a brand new, award winning, development for shared ownership which are now fully completed and ready for occupation immediately. Situated beside the River Ravensbourne, in the heart of Lewisham Centre, with excellent transport links to central London and Canary Wharf. Lewisham benefits from its close proximity to London but also has a wealth of open green spaces, superb shopping facilities, restaurant’s and entertainment facilities providing the perfect work-life balance. The development comprises a range beautifully designed and constructed 1, 2, & 3 Bedroom apartments and duplexes which have been carefully thought through to maximise living spaces all benefit from stylish modern kitchens with two tone kitchen cabinets with under unit strip lighting, Aria hard work surfaces and contemporary black cabinet handles, high quality integrated appliances and LED lighting. There are elegant bathrooms and en suites which consist of large format floor and wall tiling, Baths with handheld showers in the main bathroom, and showers in the ensuites, wall hung basin with mirrored vanity units and contemporary black taps and fittings. The living areas and bedrooms. The latest technology has been installed to optimise energy efficiency and sustainability. Each apartment comes with its own private balcony or terrace and some of the upper floor apartments take in some wonderful far-reaching views of the London skyline and across South & South East London.
Lewisham station is located approximately 7 minutes walk away from the development providing rail frequent services to London Bridge, under 10 minutes and Victoria Station in approx. 23 minutes. The DLR service also calls at Lewisham with service to Canary Wharf in around 16 minutes.
Each home some with a 10 year build warranty for peace of mind, secure video entry system, sprinkler system, wired for Sky (subject to availability) BT, Virgin Media and hyperopic connectivity, Bike store and communal roof terraces and play areas.
Call our Lewisham Office today on 020 8318 1135 to register your interest and arrange to viewing one of stunning homes.
*times and distances have been taken from TFL web site and google maps.
Financial Breakdown:
Full market value: £410,000
25% share value: £102,500
5% deposit: £5,125
Monthly Rent on un-owned share: 704.69
What is Shared Ownership?
If you can't afford the mortgage on 100% of a home, Shared Ownership offers you the chance to buy a share of your home (between 25% and 75%) and pay rent on the remaining share. Later on, you could buy bigger shares when you can afford to and, if you chose, own the property outright. Monthly costs to purchase via Shared Ownership are generally less than purchasing outright or renting, making it a fantastic option to get onto the housing ladder.
*Please note images used in this listing are for illustration purposes and are not exact to the property.
*times and distances have been taken from TFL web site and google maps and subject change
Key Features
Stunning One Bedroom Apartment
2nd Floor Shared Ownership
Private Balcony
Communal roof terrace
Excellent Transport Links
Ready for Occupation
High Specifications
Particulars
Tenure: Leasehold
Lease Length: 990 years
Council Tax Band: New build - Council tax band to be determined
Property Downloads
Floor PlanMap
Material Information
Total rooms: 1
Furnished: Unfurnished
Washing Machine: No
Dishwasher: Yes
Fridge/Freezer: Yes
Parking: No
Outside Space/Garden: Yes - Private Balcony
Year property was built: 2024
Unit size: 549
Communal lift: Yes
Accessible measures: Yes - Lift access
Flooded within the last 5 years: No
Listed property: No
Heating: Central
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 25%, full price £410,000, £5,125 Min Deposit. Calculated using a representative rate of 5.03%