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£116,250
A 2 bed shared ownership property available in Lambeth, London
This bright, spacious two-bedroom apartment is now available in South West London through Shared Ownership.
The property, situated on the fourth floor, comprises an entrance hall, a living room, a fitted kitchen, two bedrooms and a bathroom.
Outside, there is off-street allocated parking. Perfect for couples and small families.
Lease disclaimer: The advertised lease length is subject to a simultaneous lease extension upon completion at no cost to the buyer.
Available for £116,250 for 25% share based on the marketing figure of £465,000.
Monthly rent - £894.50
Monthly Service Charge - £193.98
Total Monthly Charge - £1,088.48 plus mortgage required for 25% share.
On certain properties, service charges may be billed in different frequencies. For the purposes of illustration, our advertisement will state the equivalent monthly charge. Where charges are not billed monthly, purchasers will be informed before proceeding.
An annual rent increase takes place every April
LocationThis property is located in Tulse Hill, a residential area in Lambeth. The property overlooks Brockwell Park and is within walking distance of the tennis courts, a lido, a gym, and a walled garden.
Public transport is close by, Herne Hill station is a 13 minute walk from the property, making it simple to travel around London. Which is perfect for commuters.
EPC ratingEnergy rating band - B
Environmental rating band - B
Lease informationYears remaining on lease: 163
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.
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