Available through our resale shared ownership scheme, a ground floor, two-bedroom apartment in Peckham.

  

Property description:

The property comprises a private entrance, open plan kitchen and reception, kitchen with integrated and standalone appliances, two bedrooms, family bathroom with shower over bath and hallway storage. 

The property also benefits from access to a private garden with shed storage and first-come, first-serve parking.

Lease: Commenced 2017 with 125-year term

Council Tax Band: Southwark Council – B

Approx. Gross Internal Area: 694sq.ft.

LOCAL AREA INFORMATION

  • Located in a popular and convenient area of Peckham with a choice of excellent schools nearby, including Angel Oak and Tuke School, both Ofsted outstanding, on the same street. For secondary schools Walworth Academy is across the park (Ofsted good) and many others are within easy reach. Peckham Leisure Centre and Library are less than a mile away.
  • There are plenty of local shops, from corner shops to Tesco and Sainsbury’s local. Nearby Rye Lane and Walworth Road have many shops, and other supermarkets are less than a mile away.
  • Transport links are excellent. Central London is within walking distance, or 20 minutes by bike. Excellent bus links and Elephant and Castle underground is nearby. Peckham Rye station is 15/20 minutes’ walk which provides direct services to London Bridge, London Victoria and Blackfriars.
  • Burgess Park is a short walk offering tennis courts, cricket/rugby/football pitches, including a fishing lake and BMX park.

FINANCIAL INFORMATION

Property Value = £400,000

Percentage Share = 25%

Share Price = £100,000

*Monthly Rent = £936.28

*Monthly Service Charge = £173.87

**Monthly Mortgage Payment = £511

***Annual Household Income = £60,000

*Please note the rent and service charge is reviewed annually 01 April.

** Based on a 90%, 30-year repayment mortgage with an interest rate at 5.5%.

***Is based on a 10% mortgage deposit. If you have a higher deposit Hyde New Homes can discuss how the salary required is reduced. 

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.

Read more...