2 bedroom apartment for sale
Ernest Court, 122 Bowen Drive, SE21 8PL
Share percentage 50%, full price £400,000, £10,000 Min Deposit.
Share percentage 50%, full price £400,000, £10,000 Min Deposit.
Monthly Cost: £1,742
Rent £417,
Service charge £185,
Mortgage £1,140*
Calculated using a representative rate of 5.26%
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
Income range to purchase 50% : from £54,469 pa
Minimum deposit: 5% at £10,000
Summary
2 Bedroom Purpose Build Flat with private parking
Description
**AVAILABLE ON A 50% SHARED OWNERSHIP BASIS**
Current market price £400,000 for 100%
Share available and price 50% share at £200,000
Current rent payable £380.91 pcm
Service charge £172.50pcm
EPC B83
Lease Term: 175 Years Remaining
Full description:
SUMMARY
A two bedroom / one bathroom apartment situated on the first floor and located in modern construction purpose-built block. The property benefits from double glazed windows and allocated parking. The internal accommodation is maintained to a good condition.
The location is great with a direct train straight into Victoria from Sydenham Hill Station located approximately five minutes away from the property.
Just a 10 minute walk from Gipsy Hill station for direct trains to London Bridge.
Dulwich Village is close by as well as Crystal Palace for local shops and restaurants.
The property has the following accommodation:
Entrance hallway –
Bathroom –
Bedroom one –
Bedroom two –
Reception / kitchen –
The total property gross internal floor area is approximately 67 m2.
Key Features
2 BEDROOM PURPOSE BUILT FLAT
DOUBLE GLAZING & GAS CENTRAL HEATING
ALLOCATED PARKING
GOOD SIZE ACCOMMODATION
CLOSE TO LOCAL AMENITIES
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Map
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 50%, full price £400,000, £10,000 Min Deposit. Calculated using a representative rate of 5.26%
