Share Price £113,750 (from 35% Min. Share)

Full Value £325,000 | £5,688 Min. Deposit

Scheme: Shared Ownership Resales

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1 bedroom apartment in Southwark

place Press Court, Southwark, SE1 5JU

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Optivo Resales

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One bedroom flat


Eligibility

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.

Description

**AVAILABLE ON A 35% SHARED OWNERSHIP BASIS**

Current market price: £325,000 for 100%
Share available and price: £35% at 113,750
Current rent payable: £358.69
Service charge: £128.86
EPC: B:81
Lease Term: 87 years (99 Years from 1 December 2006)


A modern 3rd floor flat benefiting from double glazing and gas central heating. The property also benefits from an allocated parking space. The subject property is a one bedroom flat built circa 2006. The property is situated within a mixed use street directly opposite a Phoenix Primary School.

The property also benefits from underground allocated parking space, double glazed windows and gas central heating. The A2 is within easy reach providing good access to City of London and rural Kent. Within the general locality most usual amenities and facilities are available

To view this property please contact:

Seller on -07403 745501/vincenzo.galgano@yahoo.co.uk

If you would like to apply after you have conducted a viewing, a PDF writable application form can be saved from the Brochure Section on this advert. Please email a fully completed copy to resales@optivo.org.uk or call 020 803 62837


Key Features

THIRD FLOOR FLAT
SECURE ENTRY SYSTEM
DOUBLE GLAZING
GAS CENTRAL HEATING
CLOSE TO AMENITIES
ALLOCATED PARKING SPACE

Full description


SUMMARY



Entrance Hallway

Laminate flooring, radiator, secure entry phone system wall mounted.

Lounge

Double glazed windows to front and flank, radiator, power points, laminate flooring.


Kitchen

Modern fitted kitchen with a range of wall and base mounted kitchen units with work surfaces over and tiled splash backs. Integral gas oven and hob with cooker hood over. Stainless steel sink and drainer. Room for full height fridge/freezer. Vinyl flooring.

Bedroom

Double glazed window to flank, radiator, power points, fitted carpet.


Bathroom

Panelled bath with mixer tap and shower over. Wash hand basin. Low level WC. Part tiled walls. Vinyl floor. Extractor fan


Download Documents

Property brochure 1
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Calculate Monthly Cost

Share price
£ 113,750
Min. £113,750
Share percentage
Min. 35%
Your deposit
Min. £5,688
Monthly cost*
£1,037
Cost breakdown
£359
Rent
£129
Service charge
£549
Mortgage*
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Disclaimer

The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together:

  • 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 costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.


NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.