1 bedroom apartment for sale
Purbeck Gardens, Sydenham, SE26 5FH
Share percentage 25%, full price £360,000, £4,500 Min Deposit.
Share percentage 25%, full price £360,000, £4,500 Min Deposit
Monthly Cost: £1,386
Rent £726,
Service charge £171,
Mortgage £489*
Calculated using a representative rate of 4.78%
Calculate estimated monthly costs
Summary
A 1 bed shared ownership property available in Sydenham, London
Description
This bright, modern, well decorated one bedroom apartment is now available in Sydenham through Shared Ownership.
The property on the third floor comprises an entrane hall with a storage cupboard, a spacious living room with an open plan kitchen, one double bedroom and a bathroom.
Outside, there is a private balcony, communal grounds and allocated parking. Perfect couples or singles.
Available for £90,000 for 25% share based on the marketing figure of £360,000.
Monthly rent - £726.12
Monthly Service Charge - £171.01
Total Monthly Charge - £897.13 plus mortgage required for 25% share.
An annual rent increase takes place every April
LocationThe property is located in Lower Sydenham. There are many schools and activity clubs of different levels close to this property, making this ideal for families with young children.
This property has great travel routes into London's hotspots. One can be in London Bridge in 20 minutes by train via the Southeastern line or in half an hour by car. Kings Cross is only 30 minutes away via train, perfect for commuters.
Many restaurants and shops are nearby, where one can socialise with friends and family, making this a perfect place to live.
EPC ratingEnergy rating band - B
Environmental impact band - B
Years remaining on lease: 118
In certain cases, the remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.
Other informationHow we allocate Shared Ownership homes
We offer homes on a first-come, first-served basis, as long as you meet all the eligibility criteria. Sometimes, we give priority to people who live or work in the same area as the home. This is based on rules set by the local authority. All Shared Ownership providers must publish an allocations policy, which explains how they decide who gets a home.
If the home is managed by SO Resi and MTVH
You can read the Shared Ownership allocation policy on the MTVH website. SO Resi is the Shared Ownership brand of MTVH, a housing association.
If the home is managed by another provider
Visit their website to find their allocation policy. Contact us if you have any questions.
Key Features
- One bedroom apartment
- Modern kitchen
- Private balcony
- Amenities nearby
- Good travel links
- Allocated parking
- Available for 25% share
- 5% minimum deposit only
Particulars
Tenure: Leasehold
Lease Length: 118 years
Council Tax Band: Not specified
Property Downloads
Key Information Document 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: n/a
Outside Space/Garden: n/a
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 £360,000, £4,500 Min Deposit. Calculated using a representative rate of 4.78%
