2 Woods Road, Peckham, London, SE15 2PX

Available for resale shared ownership, an extremely new and spacious, two-bedroom, second floor apartment in the vibrant and convenient area of Peckham, South London.

  

Property description:

The bright and modern property comprises a secure communal entrance with phone entry system, lift access, hallway with large storage cupboard, kitchen with in-built oven and hob, bright open-plan lounge/dining area with built-in storage and floor to ceiling windows leading out onto a beautiful private west facing balcony, two bedrooms, master bedroom with built-in wardrobe and bathroom with shower over bath.

The property also benefits from access to well-maintained communal gardens and courtyard.

 

Length of Lease: Approx. 121 Years

Council Tax Band: Southwark Council – D

Gross Internal Area: 62m2

 

LOCAL AREA INFORMATION

• Situated in the vibrant and cultural area of Peckham, South London.  East Dulwich, Nunhead and Brockley are all within close proximity.

• A short 6-minute walk to Queens Road Peckham station which offers direct services to London Bridge, Canada Water, Blackfriars and Clapham Junction

• Vast array of local shops, restaurants and other amenities within walking distance of the property.  Sainsburys local just a 3-minute walk away and Cossall Park within a minute’s walk.

• John Donne Primary School is located opposite the development.

 

FINANCIAL INFORMATION

Property Value = £505,000

Percentage Share = 30%

Share Price = £151,500

Monthly Rent = £500.25 *

Monthly Service Charge = £238.34 *

Monthly Ground Rent = £20.83

Monthly Mortgage Payment = £758 **

Annual Household Income = £56,000 ***

 

*Please note the rent and service charge is reviewed annually on the 01 April.

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

***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).

 

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:

Please call the Sales Team on 0345 606 1221 and provide the following information:

Your Contact Number/Email

Your Hyde New Homes or Help to Buy reference number**

Your Deposit for the mortgage

If it is a Single/Joint application (if married it must be joint)

Your Current salary (single/Joint where applicable)

Do you have any children? If so, how many?

Do you own any pets? If so, what?

Are you a current homeowner?

**To obtain a Hyde New Homes Reference number, visit https://so.hydeform.co.uk/ to register and complete the online application.  A reference number will be emailed to you once the application is completed.  If you have a Help to Buy reference number, we will accept this as well.

 

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