Lanchester Way, New Cross, Lewisham, SE14 5HQ
Available for resale shared ownership, a two-bedroom, ground floor apartment situated in a popular sought-after area of New Cross, London.
The apartment comprises a secure private entrance, open plan kitchen/reception, fitted kitchen with integrated appliances, two bedrooms, master bedroom with ensuite, family bathroom with shower over bath and large built in storage cupboard
The property also benefits from access to a private rear patio and first come, first serve parking (permit required).
Length of Lease: Approx. 120 Years
Council Tax Band: Lewisham Council – C
Gross Internal Area: 64m2
LOCAL AREA INFORMATION
• Plenty of music pubs in the area, Deptford market a short bus ride away.
• Very close to local amenities, with a couple of big supermarkets just around the corner.
• Within proximity to local schools including, Haberdashers and St James Hatcham with Goldsmiths College just up the road.
• Good commuting, bus routes around the corner include the 21, 53, 136, 171, 177, 343, 346 and night busses
• The East London Line at New Cross Gate and New Cross is a five-minute walk away.
Property Value = £375,000
Percentage Share = 40%
Share Price = £150,000
*Monthly Rent = £574.24
*Monthly Service Charge = £43.05
**Monthly Mortgage Payment = £750 **
***Annual Household Income = £50,000 *
*Please note the rent and service charge is reviewed annually 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.