Available for resale shared ownership, a bright and well-presented second floor, one-bedroom apartment located in a convenient and vibrant area of New Cross.  

 

Property description:

The property comprises; a secure communal entrance, private entrance hallway with phone entry system, a spacious open plan living/dining/kitchen with integrated appliances. Floor to ceiling windows to make the most of natural light and a Juliette balcony, master bedroom and family bathroom with shower over bath. The property also benefits from residential parking and a bike shed.

 

Length of Lease: Approx. 114 Years

Council Tax Band: Lewisham Council – B

Gross Internal Area: 44m2

 

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 = £295,000

Percentage Share = 45%

Share Price = £132,750

*Monthly Rent = £236.73

*Monthly Service Charge = £128.21

**Monthly Mortgage Payment = £664

***Annual Household Income = £36,000

 

*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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