98 Reaston Street, New Cross, London, SE14 5FT

Available for resale shared ownership, a bright and airy, ground floor, two-bedroom apartment located in a convenient and vibrant area of New Cross.

  

Property description:

The property compromises a secure communal phone entry system, modern fitted kitchen with inbuilt oven/hob & integrated fridge/freezer, open-plan lounge/dining room leading to out to a large rear private patio area, two double bedrooms, family bathroom with shower over bath, three large storage cupboards and double glazing throughout.

 

The property also benefits from access to a well-maintained communal courtyard, a secure cycle storage area and an allocated parking space.

 

Length of Lease: Approx. 119 Years

Council Tax Band: Lewisham Council – band C

Gross Internal Area: 71m2

 

LOCAL AREA INFORMATION

• Situated in a convenient and vibrant area of New Cross, South East London

• Within walking distance to New Cross retail park which offers a wider variety of shops, restaurants and other amenities

• 0.6 miles from New Cross Gate Overground Station which offers direct services to; London Bridge, London Victoria, Crystal Palace and Dalston

• Excellent bus services to many areas of London

• Close to local parks and public green spaces

 

FINANCIAL INFORMATION

Property Value = £425,000

Percentage Share = 45%

Share Price = £191,250

Monthly Rent = £383.94 from 1st April 2021*

Monthly Service Charge = £114.41 from 1ST April 2021 *

Monthly Mortgage Payment = £559 **

Annual Household Income = £59,000 ***

 

*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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