Pitman Building, Abbey Street, Bermondsey, London, SE16 4EH

Available for resale shared ownership, A well-presented and newly decorated first floor, one-bedroom apartment situated in a popular vibrant area of Bermondsey.

Property description:

The property comprises of a bright secure communal entrance with video phone entry system & lift access, open plan living/dining room area leading out to a private balcony, modern fitted kitchen with inbuilt oven/hob & fridge, large double bedroom, family bathroom with shower over bath and generous storage space, underfloor heating and HPU system.

 

Length of Lease: Approx. 118 Years

Council Tax Band: Southwark Council – D

Gross Internal Area: 50m2

 

LOCAL AREA INFORMATION

• Situated on the popular Bermondsey Spa Development.

• A five-minute walk to Bermondsey Underground Station with direct services to Canary Wharf, Stratford and West London and London Bridge station – with trains to the South including Gatwick Airport.

• Excellent bus services to many areas of London and only a 30-minute walk into the heart of the city via London Bridge or Tower Bridge.

• Within walking distance of the bustling Bermondsey Street, Maltby Street Market, Shad Thames, Brewery Wharf and Southwark Park.

 

FINANCIAL INFORMATION

Property Value = £450,000

Percentage Share = 40%

Share Price = £180,000

Monthly Rent = £314.31

Monthly Service Charge = £100.67

Monthly Mortgage Payment = £900 **

Annual Household Income = £48,000 *

 

*Is based on a 10% mortgage deposit.  If you have a higher deposit Hyde New Homes can discuss how the salary required is reduced (approximately every 5% extra deposit reduces the salary required by £1,200).

 

** Based on a 90%, 25-year repayment mortgage with an interest rate at 4.5%

Your home may be at risk if you do not keep up your mortgage and rent repayments.  Particulars give a fair overall description of the property and are not intended to constitute an offer or form part of any contract.  Areas, distances or measurements referred to are approximate.  For confirmation of property details refer to the terms of the lease and plans from your solicitor.  Hyde New Homes Resale properties are sold as seen, photographs and details (excluding financial information) are provided by the leaseholder.  Please note that the Resales Team have not visited this property.

Contact us now to arrange a viewing:

Call 0345 606 1221 or email info@hydenewhomes.co.uk.  Please ensure you are registered and approved for shared ownership by completing our application at so.hydeform.co.uk/index.

 

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