Share Price £288,000 (from 60% Min. Share)

Full Value £480,000 | £28,512 Min. Deposit

Scheme: Shared Ownership Resales

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Resales - 2 bed apartment in Lambeth

place Pavilion Mansions, Brighton Terrace, SW9 8DG

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Lambeth: Two bedroom, Second floor apartment, now available


Eligibility

You may be eligible for this property if: -You must be at least 18 years old -Your annual household income must be less than £90,000 -You are unable to purchase a suitable home to meet your housing needs on the open market -You should generally be a first time buyer. If you already own a property, you must be in the process of selling or have already sold it before you can apply Please note that applicants will be expected to purchase the maximum share that is sustainable for them.

Description

Register your interest today to book yourviewing appointment.

The Pavilion Mansions property is a two bedroom second floor apartment within a block of flats built around 1993. It benefits from off road parking and communal garden. The lease remaining on the property is 163 years.

There are good transport links with Brixton underground station 0.1miles away, served by Victoria Line, and linking to Green Park in 10 minutes.

Local amenities are located 0.1 miles away along Brixton Road, and for leisure and enjoyment, Brixton Market with a wealth of shops, restaurants and bars is a short walk away.

  • Nearest station: Brixton Station (Zone 2) served by the Victoria Line and National Rail
  • Bus routes nearby: Bus routes 2, 35, 45, 196, 250, 333, 432, N2 & P4 from Brixton.

The property located on the second floor comprises:

  • Entrance: Hallway with entry phone system, storage cupboard and access to loft leading to…
  • Living Room (4.9m x 3.0m): Spacious lounge with grey, woolmix carpeted flooring
  • Kitchen (3.0m x 1.7m): White base and wall units with white worktop and tiled splashback. Free standing oven, hob and extractor fan. Space for fridge freezer and washer dryer. Linoleum flooring.
  • Bedroom 1 (4.8m x 2.7m): Double bedroom. Grey carpeted flooring.
  • Bedroom 2 (3.7m x 2.6m): Double bedroom. Grey carpeted flooring.
  • Bathroom (1.9m x 1.7m): White suite comprising panelled bath with shower over, WC and hand washbasin. Full height tiling around the bath. Linoleum flooring.
  • Outside: Parking: allocated space for one car. Communal Garden.

What happens after I register my interest?

After registering your interest for a Peabody home, you will receive an email confirmation from us. The email will confirm what you need to do next to secure a property viewing which includes completing a financial assessment with a mortgage advisor and completing the Shared Ownership Application Form.

If you don’t receive this email within an hour of your registration, please check your spam or junk folders and set your spam filter to allow incoming emails from Peabody. If you still haven’t received the email after checking here, please contact peabody.resales@peabody.org.uk and our team will be able to help you.


Key Features

  • Available through Shared Ownership
  • Beautifully presented
  • Great transport links
  • Two Bedrooms
  • Secure Parking

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Calculate Monthly Cost

Share price
£ 288,000
Min. £288,000
Share percentage
Min. 60%
Your deposit
Min. £28,512
Monthly cost*
£1,853
Cost breakdown
£359
Rent
£133
Service charge
£1,361
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.