Available for resale shared ownership, a modern and spacious first floor, two-bedroom apartment in the vibrant and convenient area of Bermondsey, London.

PROPERTY DESCRIPTION

The property compromises a secure video entry system, lift access, entrance hall with storage cupboard, kitchen with in-built oven and hob, open-plan kitchen/dining room area leading to private balcony, master bedroom with built-in wardrobe, second bedroom, bathroom with shower over bath.

 

The property also benefits from access to a well-maintained communal courtyard.  Parking is available but permit only.

 

Length of Lease: Approx. 112 Years

Council Tax Band: Southwark Council – E

Gross Internal Area: 71m2

 

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.

• Excellent bus services to many areas of London.

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

• Easy access to a variety of shops, restaurants, bars and other amenities.

• Within the catchment area for several outstanding schools.

 

FINANCIAL INFORMATION

Property Value = £590,000

Percentage Share = 35%

Share Price = £206,500

*Monthly Rent = £531.66

*Monthly Service Charge = £181.87

**Monthly Mortgage Payment = £532

***Annual Household Income = £67,000

 

*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. 

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