113 Reaston Street, New Cross, London, SE14 5BB

Available through a shared ownership resale scheme, a modern and well-maintained, first floor, one-bedroom apartment located in a convenient and vibrant area of New Cross.

  

Property description:

The property comprises a bright secure communal entrance with video entry system, open plan kitchen and reception area, fitted kitchen with inbuilt oven & hob, Juliette balcony overlooking the park, double bedroom, bathroom with shower over bath, hallway storage cupboard and double glazing throughout.

 

The property also benefits from access to bicycle storage racks and off-street parking.

 

Length of Lease: Approx. 115 Years

Council Tax Band: Lewisham Council – B

Gross Internal Area: 44m2

 

LOCAL AREA INFORMATION

  • Situated in a great location between New Cross Gate and Queen's Road Peckham stations with excellent bus links to Deptford, Lewisham, Greenwich and central London from the Old Kent Road. New Cross Gate Overground Station is less than a mile away and offers direct services to; London Bridge, Crystal Palace and Dalston
  • The property is within walking distance to New Cross Road which offers a wider variety of shops, restaurants and other amenities. There’s also a large Sainsbury's just ten minutes’ walk away.
  • Reaston Street is a quiet residential street right next to Eckington Gardens, a small friendly park where you can enjoy the outdoor space.
  • A close walk or bus ride to Goldsmiths, University of London

 

FINANCIAL INFORMATION

Property Value = £300,000

Percentage Share = 40%

Share Price = £120,000

*Monthly Rent = £254.39

*Monthly Service Charge = £128.21

**Monthly Mortgage Payment = £600

***Annual Household Income = £34,000

 

*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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