Share Price £115,000 (from 25% Min. Share)

Full Value £460,000 | £5,750 Min. Deposit

Scheme: Shared Ownership

Under offer

The Depot, Gresham Road - 1 bed apartment in Lambeth

place 86-88 Gresham Road, SW9 8GG

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date_range Incentive: £1000 towards legal fees & 3 months rent & service charge
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1 bedroom first floor apartment


Eligibility

Shared Ownership is subject to availability and qualifying criteria. You may be eligible for this property at Gresham Road 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 have sold your current home before you purchase or rent


Description

We are pleased to present our new development on Gresham Road- Brixton in the London Borough of Lambeth.

Modern and spacious 5 x 1 bed apartments and 2 x 2 bed apartments for sale on a Shared Ownership basis withperfect central location situated between Brixton Market and the railway arches.

Just a short walk from Brixton station, the transport connections make The Depotideal choice for professionals commuting into West End, with direct routes into Oxford Circus and Kings Cross St Pancras.


Key Features

Kitchen:

  • High quality fitted kitchen units with coordinated worktop and up stand.
  • Stainless steel integrated Zanussi electric single fan oven and Electrolux chimney hood with stainless steel splash back
  • Zanussi ceramic hob
  • A rated integrated Zanussi fridge / freezer
  • A rated integrated Indesit washer / dryer
  • Integrated Zanussi dishwasher
  • Designertex vinyl flooring

Bathroom:

  • High quality white bathroom suite
  • Luxury wall tiles
  • Glass shower screen
  • Thermostatically controlled showed mixer to bath
  • Designertex vinyl flooring
  • Downlighters
  • Heated chrome ladder tower rail
  • Secure bicycle store

General:

  • Access to communal 1st floor terrace
  • Private balcony to each plot
  • 12 years NHBC warranty

Download Documents

Link to the floor plan Property brochure 1

Accessibility

F – General Needs

General needs housing does not meet any of the above criteria. Properties in this category will have more than four steps or a ramp access that is steeper than 1:10 to access the property front door. These properties should be marketed with the number of steps to access the property as this will provide an additional factor for helping people choosing what to bid for.


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Calculate Monthly Cost

Share price
£ 115,000
Min. £115,000
Share percentage
Min. 25%
Your deposit
Min. £5,750
Monthly cost*
£1,520
Cost breakdown
£791
Rent
£156
Service charge
£573
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.