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£162,500
Top floor apartment in a quiet part of a vibrant neighbourhood
You can apply to buy the home if all of the following apply:
- your household income is £90,000 or less
- you cannot afford all of the deposit and mortgage payments to buy a home that meets your needs
One of the following must also be true:
- you're a first-time buyer
- you used to own a home but cannot afford to buy one now
- you're forming a new household - for example, after a relationship breakdown
- you're an existing shared owner, and you want to move
- you own a home and want to move but cannot afford to buy a new home for your needs
If you own a home, you must have completed the sale of the home on or before the date you complete your shared ownership purchase.
As part of your application, your finances and credit history will be assessed to ensure that you can afford and sustain the rental and mortgage payments.
SHARED OWNERSHIP
Full Market Value - £325,000
You Pay (50%) - £162,500
Monthly Rent - £500.08
Monthly Service Charge - £203.54
Ground Rent - £100 per annum
Council Tax Band: C
125 year lease commenced October 2015 (114 years remaining)
EWS1 CERTIFICATION IS AVAILABLE FOR THIS BLOCK - B1 RATING- We are now working with an independent panel of Fire Engineers to review any L&Q building inspections conducted by Tri Fire. Where the panel is not satisfied with the inspection and certificate awarded, we will instruct a new inspection of the building as soon as possible.
Enter this well presented apartment via a spacious hallway with storage and utility cupboard. There is a generous open plan reception area which opens onto a south west facing private balcony, which brings plenty of light into the room. The kitchen is fitted with a range of high gloss white wall and base units and incorporates an integrated oven, hob and extractor as well as spaces for white goods. The well proportioned double bedroom includes fitted storage and the accommodation is completed with a modern bathroom incorporating a shower over the bath.
This property benefits from a sinking fund. A sinking fund is a long-term savings plan that leaseholders contribute to every month through service charges. This is used to pay for major works that are required, such as replacing a roof.
Sumner Road is a quiet residential street located just off Commercial Way in the heart of Peckham. Peckham Rye and Queens Road stations are within easy reach; both under 15 minutes walk. Burgess Park, Southwark's largest park, is also just a short walk away. An array of impendent shops, bars and restaurants are found locally with Peckham High Street and Queens Road.
The buyer will require a deposit to obtain a mortgage for this property.
To meet the requirements for this property we require as a guideline, a minimum household income of £53,778. If you are offered the property, your ability to afford this property will be assessed at your financial interview. Please note that applicants should purchase the maximum share that they can afford and sustain.
Only applicants who are registered with London and Quadrant will be eligible to be offered the property for our schemes. If you are not registered please visit our website www.lqhomes.com and register to obtain your unique reference number.
Your home is at risk if you fail to keep up repayments on a mortgage, rent or other loan secured on it. Please make sure you can afford the repayments before you take out a mortgage.
These particulars are of opinion only, are intended to give a fair description and do not form the basis of a contract. The descriptions and all other information are believed to be correct as at March 2026.
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