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Metro Central Heights - 1 bed apartment in Southwark

Newington Causeway, London, SE1 6DT

Available Now

Full price £425,000 / minimum share £127,500 (30%)

Viewing Saturday 13 January. Call 0203 815 1234 to book your appointment

Affordable housing scheme: resales ('part buy part rent' on 2nd hand homes)

Budget calculator

Estimated total monthly cost£1,138

(includes: rent£399,

service charge£242,

estimated mortgage£497)

Don't delay Saturday 13th January 2018.

One bedroom second floor flat in the London Borough of Southwark, available to buy through Shared Ownership. Full market value £425,000 30% share available, share price £127,500

Monthly fees
Monthly Mortgage**: £677.80 
Monthly Rent: £399.17 
Ground Rent: £200 per annum
Service Charge*: £241.57
Council Tax: £93.08

Estimated Total (per month): £1,335.21 (excluding council tax)

*Service Charge collected by Notting Hill on behalf of Management Company
**Estimate: The monthly mortgage is based on an interest rate of 4.99 % with a capital and interest repayment over 25 years. It is based on a 90% mortgage The rent may increase each year, the increase calculation will be specified in the lease.

Accessibility Rating: 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.

Eligibility

You will need to be earning a guidance income of at least £48,116. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £12,750. Total approximate savings required £16,750.

Important borough specific eligibility criteria

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.

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.

Ground floor
Communal Stair and lobby

Second floor
Hallway, lounge/Kitchen, One bedroom, Bathroom with WC, small storage cupboard

GIA
46 square metres as per RICS valuation

Accessibility rating 
F – General Access

EPC rating
D

Length of lease
116 years

Borough
Southwark

Floor plan

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Share to Buy Ltd is authorised and regulated by the Financial Conduct Authority. FCA register number 306800. You can find more detail on our status in our Initial Disclosure Document [109k] and Terms of Business.

For further information, contact us or write to: Share to Buy, PO Box 11998, Sudbury CO10 3BS. Registered in England and Wales no: 04909788.