2 bedroom apartment for sale
Bolanachi Building, Spa Road, SE16 3SG
Share percentage 25%, full price £600,000, £15,000 Min Deposit.
Share percentage 25%, full price £600,000, £15,000 Min Deposit
Monthly Cost: £1,829
Rent £824,
Service charge £261,
Mortgage £744*
Calculated using a representative rate of 4.42%
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
A beautifully presented, ground floor, two-bedroom apartment in Bermondsey. Offering a lifestyle that’s both connected and full of character.
Description
Property Features:
· Wheelchair accessible, communal entrance with entry system
· Open plan kitchen and reception
· Kitchen with integrated appliances
· Family bathroom with shower over bath
· Hallway storage
· Private garden with shed and side-gate access
· Permit parking
· Favourable EWS1 available
Lease: Commenced 2010 with 125-year term
Council Tax Band: Southwark Council – E
Prior to viewing: All applicants must be registered and approved by Hyde New Homes and may be required to carry out a shared ownership affordability assessment.
Please note the rent and service charge is reviewed annually 01 April. Your home may be at risk if you do not keep up your mortgage and rent repayments. Particulars give an overall description of the property and are not intended to constitute an offer or form part of any contract. Areas, distances or measurements referred to are approximate. For confirmation of property details refer to the terms of the lease and plans from your solicitor. Hyde New Homes Resale properties are sold as seen. Please note that the Resales Team have not visited this property.
Key Features
Local Area:
· Situated in one of Bermondsey’s most vibrant pockets, this location offers a rich mix of food, culture, and excellent transport links. Maltby Street Market, just a short stroll away, is a weekend favourite known for its high-quality street food, fresh produce, and artisan goods, all served beneath the characterful railway arches.
· Nearby Spa Terminus Market adds to the area’s foodie appeal, with independent bakeries, cheesemongers, and coffee roasters opening to the public on Fridays and Saturdays—perfect for stocking up on weekend treats.
· Bermondsey Tube Station is within walking distance, providing fast Jubilee Line connections to London Bridge, Canary Wharf, Waterloo, and the West End. For those travelling by car, there is on-street permit parking, while Zipcar bays and hire bikes are conveniently located right outside the building.
· The lively Bermondsey Street offers a village-like charm with its independent cafés, restaurants, pubs, and art galleries, creating a welcoming neighbourhood feel. For craft beer lovers, the Bermondsey Beer Mile—a stretch of microbreweries and taprooms along the nearby railway arches—has become a much-loved weekend destination.
· Families benefit from proximity to highly rated local schools, including Harris Academy Bermondsey and St Michael’s Catholic College, both graded Outstanding by Ofsted.
Particulars
Tenure: Leasehold
Lease Length: 110 years
Council Tax Band: E
Property Downloads
Floor Plan Energy CertificateMap
Material Information
Total rooms: 2
Furnished: Unfurnished
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: Yes - Permit
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 25%, full price £600,000, £15,000 Min Deposit. Calculated using a representative rate of 4.42%
