Share Price £154,000 (from 40% Min. Share)

Full Value £385,000 | £15,400 Min. Deposit

Scheme: Shared Ownership Resales

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1 bedroom apartment in Southwark

place Leigh Court, 1 Sam King Walk, SE5 7FP

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date_range viewings 11/07/20 - 11am - 5pm call 0203 815 0060 to book
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Lovely 1 Bed Home in Southwark available through Shared Ownersip 40% share @£154000 full market value £385000


Eligibility

You will need to be earning a guidance income of £56,162. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £15,400. Total approximate savings required £19,400.

Important borough specific eligibility criteria

Southwark
All London applicants will be considered with priority given to people who live/work in the borough.

Applicants must be earning under £90,000 to be eligible for one, two and three bedroom apartments.

If you are an existing homeowner we will not be able to allocate you a home unless you have found a buyer for your existing home and are deemed to be in need of housing by your local council.


Description

BRIEF OVERVIEW

Groundfloor, 1 bedroom home in the London borough of Southwark

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SPECIFICATION

Internally :Ground Floor: Entryphone system to Communal

Hallway, Passenger Lift and Stairwell.

Ground Floor: Bedroom. Reception/Kitchen.

Hallway. Bathroom with WC.

Externally: Private patio terrace.

GIA
55 sqm

EPC rating
B

Length of lease
94 Years Remaining

Parking
No

Pets allowed
No


Key Features

Key Features

  • Secure Video Door Entry
  • Zipcar rental onsite
  • Burgess park nearby

Local Transport

  • Denmark Hill Overground Station – 1.0m
  • Oval Underground Station – 1.2m
  • Elephant & Castle Station – 1.3m

Download Documents

Energy Certificate

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
£ 154,000
Min. £154,000
Share percentage
Min. 40%
Your deposit
Min. £15,400
Monthly cost*
£1,423
Cost breakdown
£601
Rent
£158
Service charge
£664
Mortgage*
Calculated using a representative rate of 3.09%
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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.