Share Price £117,500 (from 25% Min. Share)

Full Value £470,000 | £5,875 Min. Deposit

Scheme: Shared Ownership Resales

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2 bedroom apartment in Lambeth

place Westminster Bridge Road, SE1 7XT

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Two bedroom, second floor apartment available in Lambeth


Description

Available for £117,500 for 25% share based on the marketing figure of £470000

SO Resi Monthly Payment - £1011.21
Monthly Service Charge - £192.29
Total Monthly Charge - £1203.50 PLUS MORTGAGE REQUIRED FOR 25% SHARE
Minimum Income Required- £47,693

 

Property details:

Hallway:

Kitchen:
2.344m x 1.996m

Reception:
3.398m x 3.778m

Bathroom with WC:
1.747m x 1.891m

Bedroom 1:
31.99m x 3.748m

Bedroom 2:
1.804m 3.772m

External:

Secure parking space
Communal garden

EPC Rating:

Energy Rating Band - C
Environmental Impact Rating Band - C

All room dimensions approximate.

Please note figures given for SO Resi monthly payment and service charge are correct at time of marketing. There is an annual increasethat takes place. Please contact us for more information.


Key Features

  • Two bedroom flat
  • Second Floor flat
  • Double Glazing
  • Modern open plan interior
  • Central London location
  • Video entry system
  • Fitted kitchen
  • Communal garden
  • Available for 25% share

Accessibility

D – Easy Access

Compatible with the design standards in Mobility Standard Housing (1974) produced by the DoE and Housing Corporation Scheme Development Standards (pre-1999) and Part M of Building Regulations (2000). The main features of these properties include a level approach to the entrance, wider doorways and more space than in general needs housing. These properties may also have an internal flight of stairs and if so, there is enough space to accommodate future provision of a stair lift subject to technical feasibility.


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Calculate Monthly Cost

Share price
£ 117,500
Min. £117,500
Share percentage
Min. 25%
Your deposit
Min. £5,875
Monthly cost*
£1,789
Cost breakdown
£1,011
Rent
£192
Service charge
£586
Mortgage*
Calculated using a representative rate of 3.94%
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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.