Share Price £118,750 (from 25% Min. Share)

Full Value £475,000 | £5,938 Min. Deposit

Scheme: Shared Ownership

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The Depot, Gresham Road - 1 bed apartment in Lambeth

place 86-88 Gresham Road, SW9 8GJ

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date_range Incentive: £1000 towards legal fees & 3 months rent & service charge
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1 bedroom fifth 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 development The Depot on Gresham Road- Brixton in the London Borough of Lambeth.


The development featuring last remaining 2X1 and 1X 2 bedroom apartments with well proportioned rooms and plenty of storage space throughout. The apartments have full length windows to maximize the natural light, and all have their own balcony.

The development is located between Valentia Place and Gresham Road, a short distance from Brixton Station, perfect for commuters.

Brixton is famous for its' live music, murals, market and cinemas, there is a strong social culture making Brixton a desirable place to live for the young professionals, making it the perfect first time home.

For a superb brand new home in a location that offers everything you need for modern living, The Depot could well be the destination for you.

3 MONTHS FREE RENT AND SERVICE CHARGE & £1,000 TOWARDS LEGAL FEES

To book an appointment for viewing, please call our sales team on 0203 394 0078


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 podium garden
  • Private balcony to each plot with colour changing LED lighting
  • 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
£ 118,750
Min. £118,750
Share percentage
Min. 25%
Your deposit
Min. £5,938
Monthly cost*
£1,594
Cost breakdown
£816
Rent
£186
Service charge
£592
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.