Available through our resale shared ownership scheme, a first floor, two-bedroom apartment situated in New Cross.

Property description:

The property comprises a communal entrance with phone entry system, open plan kitchen and reception with park view Juliette balcony, fitted kitchen with integrated appliances, master double bedroom with en-suite, second double bedroom, family bathroom with shower over bath, double glazing throughout, a recently installed efficient gas boiler, in good decorative order with generous storage space.

 

The property also benefits from access to a well-maintained communal garden with bike shelter and on-street permit parking via Lewisham Council.

 

Length of Lease: Approx. 115 Years

Council Tax Band: Lewisham Council – band C

Gross Internal Area: 61.6m2

 

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, large supermarket, restaurants and other amenities
  • 0.6 miles from New Cross Gate Overground Station which offers direct services to; London Bridge (10 mins), London Victoria (20 mins), Crystal Palace (16 mins) and Dalston (22 mins)
  • Excellent bus services to many areas of London with bus stop a 2 min walk from flat
  • Close to numerous Ofsted rated good and outstanding schools
  • Opposite local park with play area and sports facilities with many other public green spaces nearby

 

FINANCIAL INFORMATION

Property Value = £390,000

Percentage Share = 40%

Share Price = £156,000

*Monthly Rent = £357.50

*Monthly Service Charge = £139.26

**Monthly Mortgage Payment = £780

***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. 

 

Read more...