1 bedroom apartment for sale
Lumiere Court, 52 Lancaster Street, London, SE1 0RY
Share percentage 40%, full price £585,000, £23,400 Min Deposit.
Share percentage 40%, full price £585,000, £23,400 Min Deposit
Monthly Cost: £1,996
Rent £689,
Service charge £146,
Mortgage £1,161*
Calculated using a representative rate of 4.42%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a Large, One Bedroom Garden Flat on a Shared Ownership (Part Buy/Part Rent) Basis
Description
A beautifully-presented, ground-floor, one-bedroom apartment in a desirable Central London location. The curve of the meandering River Thames means that a significant stretch of the South Bank is within easy reach. There are four London Underground stations within half a mile, Waterloo and London Bridge are only slightly further away plus there are numerous bus services in the local area. The property features wood flooring to the reception and hallway and an open-plan kitchen with sleek, handle-less units and integrated appliances. There is a good-sized bedroom with built-in wardrobe and a stylish, fully-tiled bathroom. Entrance is via a small, private patio area and the apartment has a larger, south-west-facing patio garden at the rear of the building. Well insulated walls and floor, high performance glazing and a communal heating and hot water scheme make for a very good energy-efficiency rating.
SHARED OWNERSHIP (Advertised price represents 40% share. Full market value £585,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/45zwn2yp]
(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: A2Dominion.
Tenure: Leasehold (125 years from 25/03/2015).
Minimum Share: 40% (£234,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £689.20 per month (subject to annual review).
Service Charge: £146.32 per month (subject to annual review).
Guideline Minimum Income: Dual - £74,900 | Single - £86,700 (based on minimum share and 10% deposit).
Council Tax: Band D, London Borough of Southwark. 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). There is no parking space offered with this property.
Key Features
- Guideline Minimum Deposit £23,400
- Guide Min Income Dual £74.9k | Single £86.7k
- Ground Floor with Private Entrance
- Approx. 626 Sqft Gross Internal Area
- Very Good Energy Efficiency Rating
- South West Facing Patio Garden
- Short Walk to Jubilee/Northern/Bakerloo Stations
- Waterloo/London Bridge Within Easy Reach
Particulars
Tenure: Leasehold
Lease Length: 114 years
Council Tax Band: D
Property Downloads
Floor Plan BrochureMap
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: Yes - Private Garden
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 £585,000, £23,400 Min Deposit. Calculated using a representative rate of 4.42%