Available through a shared ownership resale scheme, a well presented first floor, two-bedroom apartment situated in a popular vibrant area of Peckham, South London and close to amenities.  

 

Property description:

The property comprises of a bright secure communal entrance with phone entry system & lift access, open plan living/ dining room area, modern fitted kitchen with inbuilt oven/hob and dishwasher, large double bedroom, second double bedroom, family bathroom with shower over bath, double glazing throughout.

 

Length of Lease: Approx. 110 Years

Council Tax Band: Southwark Council – C

Gross Internal Area: 78m2

 

LOCAL AREA INFORMATION

  • Located directly opposite the beautiful Peckham Rye Common.
  • Within close proximity of local primary/secondary schools.
  • Excellent local transport links: Peckham Rye and Nunhead Stations (National Rail) are just a short walk away.
  • Bus stops in both directions are available directly outside the development.
  • Local bars, cafes, shops, supermarkets & many more amenities are all within a close distance to the property.

FINANCIAL INFORMATION

Property Value = £450,000

Percentage Share = 40%

Share Price = £180,000

*Monthly Rent = £462.13

*Monthly Service Charge = £212.52

**Monthly Mortgage Payment = £900

***Annual Household Income = £60,000

 

*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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