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£246,000
Ground floor with private terrace
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: £410,000
You pay (60%): £246,000
Monthly rent: £421.03
Monthly service charge: £300.64
Annual ground rent: £100
Council Tax Band: C
125 year lease commenced April 2012 - 110 years remaining
Guidance, from the Royal Institute of Chartered Surveyors (RICS), means that lenders should no longer require an EWS1 form for this property. However, we cannot guarantee that all Mortgage lenders, brokers and valuers are utilising the same criteria.
Enter this ground floor apartment via a bright hallway with two storage cupboards including a utility area. A generous dual aspect reception room opens onto a private terrace with room for table and chairs. The modern kitchen incorporates integrated appliances. Find two double bedrooms, the master having benefit of sliding door wardrobes. A family bathroom with shower over bath, serves the two bedrooms.
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.
Silwood Street has excellent transport links for your daily commute into Central London and Canary Wharf. It's a short walk to Canada Water Tube Station (Jubilee Line, Zone 2) and Surrey Quays Station (London Overground). The nearest railway station is South Bermondsey, approximately 500 yards away. The Waterloo 'cycle quiet way' is moments away.
The surrounding area features a plethora of local amenities such as restaurants, bars, cafés, local markets and parks including Southwark Park.
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 £68,211. 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 a property in one of our schemes. If you are not registered, please visit our website 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 of June 2026.
- South Bermondsey Rail Station (0.5km)
- Surrey Quays Rail Station (0.6km)
- Canada Water Underground Station (1.2km)
- Canada Water Rail Station (1.2km)
- Rotherhithe Rail Station (1.5km)
- New Cross Gate ELL Rail Station (1.5km)
- New Cross Gate Rail Station (1.5km)
- Bermondsey Underground Station (1.6km)
- New Cross ELL Rail Station (1.7km)
- New Cross Rail Station (1.7km)