Available through our resale shared ownership scheme, a third floor, one-bedroom apartment conveniently located in New Cross, Lewisham.
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: Commenced 2018 with 125-year term
Council Tax Band: Lewisham Council – B
Approx. Gross Internal Area: 495sq.ft.
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.
Property Value = £320,000
Percentage Share = 40%
Share Price = £128,000
*Monthly Rent = £521.67
*Monthly Service Charge = £212.73
**Monthly Mortgage Payment = £742
***Annual Household Income = £53,000
*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 6.0%.
***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.