Available through our resale shared ownership scheme, a third floor, one-bedroom apartment conveniently located in New Cross, Lewisham.

  

Property description:

This one bed apartment comprises a communal entrance with entry system, lift access, open plan kitchen and reception with a south facing Juliette balcony, modern fitted kitchen, bathroom with shower over bath and a walk-in storage cupboard in hallway. 

 

The property also benefits from access to a secure area for bicycles and motorbikes and off-street parking

 

Length of Lease: Approx. 119 Years

Council Tax Band: Lewisham Council – B

Gross Internal Area: 46m2

 

LOCAL AREA INFORMATION

Ideal for the commuter with transport links into central London.  A choice of bus stops is available along Queen’s Road and Queen’s Road Peckham is the nearest station.  New Cross offers a variety of local amenities including shops, restaurants and bars and nearby green spaces include Fordham Park and Greenwich park.

 

FINANCIAL INFORMATION

Property Value = £320,000

Percentage Share = 40%

Share Price = £128,000

*Monthly Rent = £487.54

*Monthly Service Charge = £130.92

**Monthly Mortgage Payment = £640

***Annual Household Income = £45,000

 

*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 an 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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