Share Price £200,000 (from 50% Min. Share)

Full Value £400,000 | £10,000 Min. Deposit

Scheme: Shared Ownership Resales

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2 bedroom apartment in Southwark

place Spring House, 8 Dewar Street, SE15 4JJ

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Beautiful 2 bed apartment in Peckham


Eligibility

Open to applicants from all London Boroughs. However, priority is given to those who live or work in the Borough of Southwark, together with applicants who have a higher housing need.


Description

This two bedroom flat is on the first floor of a low rise block of flats of modern construction. The dwelling generally is generous in size and provides pleasant living accommodation. This property is presented in good condition and benefits from modern fittings to the kitchen and washing/WC areas. The property is provided with double glazing and full gas fuelled central heating and hot water. There is secure access into the communal areas of the block.

Location is good being situated close to Peckham Rye town centre with its multicultural shops, bars and cafes as well as Peckham Park and Common. Transport links are good with Peckham Rye overground station giving fast access to Central London. There are good local bus routes. There are good schools for all ages nearby. There is a dedicated parking bay on the ground floor under the block.


Key Features

  • 2 bed apartment
  • First floor
  • Allocated parking
  • Good transport links
  • Modern construction
  • Lease will be extended upon completion by 90 years

Download Documents

Link to the floor plan
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Calculate Monthly Cost

Share price
£ 200,000
Min. £200,000
Share percentage
Min. 50%
Your deposit
Min. £10,000
Monthly cost*
£1,498
Cost breakdown
£458
Rent
£74
Service charge
£966
Mortgage*
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Location

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.