Share Price £225,000 (from 50% Min. Share)

Full Value £450,000 | £11,250 Min. Deposit

Scheme: Shared Ownership Resales

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1 bedroom apartment in Lambeth

place Barrington Road, Brixton, SW9 7DP

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A One bedroom apartment located in Brixton available through Shared Ownership Scheme


Description

Full Description

Well located, bright, spacious one bedroom flat in Brixton. The flat is well laid out and benefits from floor to ceiling windows in the reception room, making it exceptionally bright and airy, and giving it excellent views over London. For the summer months, there is a good-sized balcony as well as communal gardens to enjoy. The flat is 2 years old, and in excellent condition. It has a fitted kitchen and bathroom, near new appliances, a fitted wardrobe in the bedroom and two additional storage cupboards off the hall. Additionally, the building has off street bike storage and a lift.

The flat is superbly located for enjoying what London has to offer. Five minutes walk in one direction you have vibrant Brixton, with the numerous eateries and bars in Brixton Village, POP Brixton, Brixton recreation centre (gym, swimming pool, squash courts etc), and Brixton Ritzy cinema. For groceries there is a Sainsbury's and M&S and there are numerous other high street and local stores.

In the other direction is Loughborough Junction which has several great restaurants, a Tesco and a Co-op. There are excellent transport links; with Brixton overground a 6 minute walk, Brixton Tube 7 minutes, and Loughborough Junction station also 6 minutes away (which takes you into Blackfriars in around 8 minutes).

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A One bedroom apartment located in Brixton available through Shared Ownership Scheme

Available for £225,000 for 50% share based on the marketing figure of £450,000

SO Resi Monthly Payment - £546.95
Monthly Service Charge - £75.95
Total Monthly Charge - £622.90 PLUS MORTGAGE REQUIRED FOR 50% SHARE

Minimum income requirement - £71,147

Buy more shares for a minimum of 10%

Property Details

Hallway:

Private entrance hall
Storage cupboard
Utility cupboard with plumbing for washing machine

Kitchen:
2.41 x 2.61
Contemporary design
Open plan
Fitted kitchen
Washing machine, dishwasher, oven and hob

Reception:
Living room with open kitchen

Bathroom:
Bathroom with WC
Shower over bath
Heated towel rail

Bedroom 1:
3.33 x 4.00
Fitted wardrobe

External:
Private balcony off living room
Communal areas
No allocated parking

EPC Rating

Energy Rating Band - B
Environmental Impact Band - A

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 increase that takes place. Please contact us for more information.


Key Features

  • One bedroom
  • Beautiful veiws of London
  • Third floor
  • Balcony
  • Close to local shops and amenities
  • Available for 50% share

Download Documents

Link to the floor plan
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Calculate Monthly Cost

Share price
£ 225,000
Min. £225,000
Share percentage
Min. 50%
Your deposit
Min. £11,250
Monthly cost*
£1,744
Cost breakdown
£547
Rent
£76
Service charge
£1,121
Mortgage*
Calculated using a representative rate of 3.94%
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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.