Share Price £145,500 (from 30% Min. Share)

Full Value £485,000 | £7,275 Min. Deposit

Scheme: Shared Ownership Resales

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1 bedroom apartment in Southwark

place Tangerine House, 176 Long Lane, SE1 4BS

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1 Double Bedroom Ground Floor Apartment near Borough Market


Eligibility

You may be eligible for this property 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 will have sold your current home before you purchase or rent.

Description

The current market value is £485,000for 100%. The minimum 30% share available is priced at £145,500 current rent payable £571.14 pcm, rent is subject to annual reviews. Service charges are currently £168.62 pcm.

An attractive and well maintained one-bedroom ground floor apartment located in a modern 2008 purpose built block, approximately 5 minutes’ walk from London Bridge and Borough tube stations and a 3-minute walk from the bars, restaurants and cafés of Bermondsey Street. The internal accommodation provides a double bedroom, entrance hallway, open-plan lounge, dining and kitchen area and bathroom. The bedroom, hallway and lounge area is fitted with beige carpets while the bathroom/dining areas are tiled. All areas have been maintained to a high standard to provide high quality living accommodation.

Other features include:

Security coded entrance door and telephone entry system
Electric heating supply throughout
External gated bike and storage block

The apartment is located a short walk from local attractions including Borough Market, Bermondsey Street, The Shard, the newly opened London Bridge Quarter and London’s Southbank.

Viewings are highly recommended.

Please contact the seller, James, by telephone (+44 7825 777685) or by email (clarke_james@ymail.com) to arrange a viewing.


Key Features

1 BEDROOM PURPOSE BUILT APARTMENT
5 MINUTES WALK TO LONDON BRIDGE AND BOROUGH TUBE STATIONS
MODERN BLOCK BUILT IN 2008
WELL SPECIFIED ACCOMMODATION
WALKING DISTANCE FROM LOCAL AMENITIES AND ATTRACTIONS INCLUDING BOROUGH MARKET, BERMONDSEY STREET, THE SHARD, THE LONDON BRIDGE QUARTER AND LONDON’S SOUTHBANK.

The apartment is located a short walk from local attractions including Borough Market, Bermondsey Street, The Shard, the newly opened London Bridge Quarter and London’s Southbank.

Viewings are highly recommended.


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Property brochure 1
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Calculate Monthly Cost

Share price
£ 145,500
Min. £145,500
Share percentage
Min. 30%
Your deposit
Min. £7,275
Monthly cost*
£1,465
Cost breakdown
£571
Rent
£169
Service charge
£725
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.